1. Medicaid Waivers
Many of our clients in the United States secure funding for assistive technology systems through Medicaid waivers, which differ from state to state. Many states already include technology supports as part of services for people with disabilities. Other states have worked with SimplyHome to revise their Medicaid waiver language, while a few states have been able to successfully implement technology for independent living without changing their current waivers. The most effective waivers:
- Coordinate the use of technology with agency services and flexible caregiver support
- Create flexibility in what technology can be utilized. Technology evolves quickly and naming specific components can limit the usefulness of a waiver.
- Set daily rate bands to enable the provider to focus on quality outcomes rather than maximizing billable hours.
HCBS 1915(c) waivers are one option available through Medicaid to fund both medical and non-medical care services. States can also propose services that assist in diverting or transitioning people with disabilities into community settings.
2. Grants & Foundations
Funding is available for assistive technology services through federal, state, and local grant opportunities, as well as through charitable organizations and foundations.
While foundations often fund assistive technology services outright, grants are often used to fund pilot programs in order to demonstrate the long-term effectiveness of assistive technology services. Successful pilot programs can provide the results necessary for the state to allocate funding for assistive technology.
3. Long-Term Care Insurance
Select long-term care (LTC) insurance policies incorporate the cost of independent living systems. SimplyHome has been approved as a vendor for this type of LTC insurance policy.
4. Private Pay
Many families and caregivers searching for alternatives to assisted living find that our technology allows their loved ones to live more independently at home and age in place in a way that is much more cost-effective than a long-term care facility.
Example: For 4 hours of daytime home care, plus 8 hours of nighttime staff, one family would spend $6,840 monthly to care for their aging loved one. Annually, that family would spend $82,080. However, when this family chose to implement SimplyHome technology, they paid a one-time cost of approximately $2,000 for technology with a monthly service cost of about $60 ($720 annually).
5. The No Place Like Home Program
The No Place Like Home program offers new and refurbished systems to disabled Veterans anywhere in the United States. This program was founded by SimplyHome in conjunction with Community Homes® and Eblen Charities to ensure that Veterans have the opportunity to access technology that will support their independence and create a new sense of freedom.
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