Keep in mind that stair lift installation can be expensive. However, there are a number of ways you may be able to get help covering the cost. You should also explore if your insurance covers any portion of purchase or installation. Insurance options are often limited, but it never hurts to double-check. Medicare does not currently pay for stair lifts but there may be some options through Medicare Advantage plans for reimbursement. If you have Medicaid, you will need to check with your state-specific benefits to determine if you are eligible for any reimbursement. Veterans are often eligible for some or full payment for stairlifts. It is well worth the time and effort to contact the Department of Veterans Affairs caregiver support line for more details. Many stairlift companies also offer financing as well as previously owned models at a reduced rate and rental options. The financing available to you will always depend on the cost of the lift, your credit history and if you put any money down upfront. Explore the financing details to ensure you are not being charged a high-interest rate. Stair lift cost can vary depending on the staircase design, with prices in the $2000 to $4000 range being common for a simple stair lift for straight stairs. For more elaborate stairways and chairs, the price can be as much as $15,000 (or even more, in some cases) including professional installation. In addition, you should also consider what the cost of removal is as well for the long-term viability of your home or should you move.