How to Financially Prepare for Your New Power Scooter
Power scooters aren’t cheap, but they can significantly enhance the quality of life of loved ones in need of mobility assistance. Making the financial commitment to purchase a new power scooter means budgeting your money, finding out if Medicare pays for the scooter, or checking into financing options.
Become Familiar with Power Scooter Costs
Knowing how much you’ll pay for a power scooter will help you financially prepare for your purchase. You’ll have different options available to choose from, as not all power scooters cost the same.
You’ll generally pay at least $600, but more technologically advanced scooters can cost upward of $5,000 (or more), depending in which scooter you pick. That’s why knowing what your financial options are is crucial.
Save Money by Cutting Costs
If you don’t have the money to spend on a power scooter just yet and don’t want to finance it, consider putting money aside each month to cover the cost. Ways to save money include eating at home instead of eating out, and nixing spending on non-essentials (like clothes, jewelry, new furniture, home goods items, and going out to the movies — just to name a few).
Cutting coupons is another excellent way to save some extra cash. Turn off lights when you leave home, change your thermostat to save money on utilities, or cancel cable television to lower your monthly bills.
Enquire About Medicare Assistance
If you’re a Medicare recipient, Medicare Part B covers power-operated vehicles like wheelchairs and scooters if you have limited mobility that affects your ability to perform routine day-to-day activities (such as using the bathroom, preparing food, and brushing your teeth), and your doctor submits a written order describing the need for a scooter based on medical conditions.
You’ll pay 20 percent of the Medicare-approved amount for power scooters (after you hit your Medicare Part B yearly deductable). The actual amount you’ll pay for power scooters may be less than you think if you’re a Medicare recipient.
Find Interest-Free Financing
While using your regular credit card to purchase a power scooter is one way to pay, there may be other options that can save you money on interest. When choosing a company to purchase a scooter from, ask about interest-free financing options.
Some financial institutions and credit companies partner with healthcare suppliers, offering ways to finance with no interest for a specified time period. If financing is your only option, shop around to find the best deal.
Choose a Scooter That Fits Your Budget
There are a variety of power scooters to choose from, so don’t feel bad if you’re on a tight budget. On the more expensive end of the spectrum is the ultra exclusive flagship scooter, which provides an enclosure for use outdoors — even during inclement weather — and contains all the extra bells and whistles. But if the $7,000 price tag for this scooter doesn’t fit your budget, there are numerous less-expensive options available.
A step lower would be a $4,800 enduro XL4 delux scooter with some of the same luxurious features as the ultra exclusive model. These include a full light package, a 4-wheel design, a delta style tiller, and full suspension. This scooter works well for larger riders.
A similar product, the endure XL3 scooter, is also built for large riders (holds weights of 500 pounds) but is slightly less expensive at $4,300. The sprinter XL4, which sells for just over $2,000, has a weight capacity of up to 350 pounds.
If you need something that’s more reasonably priced to fit a smaller budget and you don’t mind a smaller-sized scooter, consider the dasher 4 scooter that sells for $900, the escape portable scooter with a price tag of $880, or the echo 3 scooter that sells for just $650.
Picking the Right Scooter
It might be difficult to make the decision to purchase a power scooter, but your doctor can help determine if this type of mobility equipment is the right choice for you or your loved one. If mobility isn’t severely limited, a cane, walker, or non-powered scooter might be a good fit.
- Becky McDowell