People seek medical beds for different situations or circumstances and depending on who will use the bed and for how long, you may decide to buy it or just rent it. If you are going to rent the hospital bed, you should know that the charges can balloon if you have prolonged use than expected. On the other hand, if you buy the medical bed and after a few months you no longer need it, you will have spent too much on an item that would probably be taken to the garage or basement for storage since you won’t be needing it. To make the decision that you will buy a medical bed rather than renting it, you should look at the following things:
Needed for Extended or Long Term Use
You may be needing a hospital bed because you have a senior who cannot use the traditional bed. It may be that you have a person with a disability who will, for the rest of their life, need to use a special bed. These are situations that compel you to buy rather than rent a medical bed. It doesn’t make sense to rent a hospital bed if you will be using it for many years unless you want to test how it works and feels to use it.
You Can Make the Larger Upfront
The approach to buying or renting may sometimes be taken differently. If a person’s financial situation doesn’t allow the higher upfront costs of buying a hospital bed, they will likely purchase it. So, it would help if you had the finances to be able to make the purchase. However, realize that Medicare can help you with the purchase by picking up some of the cost. For example, if a doctor has prescribed the use of a medical bed by a patient, Medicare can take 80 percent of the purchase amount, and you pay 20 percent. If you are eligible for this kind of coverage, you can consider buying the medical bed for home-care.
Possible to Have a Resale at a Reasonable Value
You could have a medical bed that you use for months or a few years, and you don’t need it. Instead of renting, you can purchase it if you find that the resale value is high and easy to find a buyer. Used medical home-care beds are in demand, and considering that a new one costs a lot of dollars, if you slice off a few hundreds of dollars on the buying price, you can get a willing buyer who is looking forward to saving some bucks. When reselling, the hospital bed’s value will mainly be determined by how well you have maintained it and the years it has been in use.
In essence, different situations would compel you to purchase a hospital bed rather than rent it. You should, however, make an informed decision based on your individual needs and financial status. If you cannot buy a bed, just rent it. You can even rent the bed for the long term if the upfront payment is a problem for you, but you are comfortable with the rental charges because you have a fixed income that allows for lower monthly payments.