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Planning a Funding Strategy

Funding Resources home

The ten steps below provide a starting place to begin your search for funding.

  1. Recognize and identify the problem.
  2. Document what needs exist.
  3. Identify the equipment and/or services needed.
  4. Secure the necessary prescriptions and other justification (records, support letters and evaluations).  Note: In addition, consulting with your doctor about the medical diagnosis may provide specific medical information and needs.  Include a photograph of the individual, a discussion of the tools and services needed with specific reasons as to why they apply to the individual, an explanation of the individual's functional skills without the equipment, how the individual will be improved with the tools and services, and specifications of the equipment including cost and a photograph or catalog picture and description.

bullet Funding Overview
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General Tips
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Getting Started
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Funding Sources
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FAQs

Needs Assessment

Funding Strategy

Finding the Best Agency

Collecting Requirements

Justification Statement

Appeals Process

Alternate Funding Sources

  1. Determine if there's an alternate way to get the equipment needed rather than to purchase it.  For instance, can the equipment be rented instead of purchased?  Is it available through your state’s equipment exchange program for loan or for sale at a reduced price?
  2. Determine if the particular tool desired is really cost-effective.  Questions like these will help:
    - Is the expense reasonable when compared to the therapeutic benefit?
    - Is the equipment or service more costly than another option or alternative that
      would serve the same purpose?
    - Does the item serve the same purpose as equipment that is already available to
      the consumer? Many funding sources may want to ensure the cost-effectiveness
      of a tool or device before considering purchase and whether the cost is
      reasonable and at the customary rate. This is particularly true for insurance
      companies.
  3. Determine potential funding sources.  You may find that many funding sources require a refusal from an insurance carrier before considering funding equipment (tools) or services, if private health insurance is carried.
  4. Get, complete and submit an application for funding.
  5. Search for co-payment options, if necessary.
  6. Follow the appeals process, if you believe you have been denied fair treatment in decisions relating to your application for services.
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