As of June 2015, Medicare covers the cost of a lift chair as durable medical equipment when a doctor prescribes it for a patient to use at home, explains Medicare. Patients covered by Medicare Part B medical insurance are eligible for the benefit, which applies to rented and purchased equipment.
A patient's doctors and durable medical equipment suppliers must be enrolled in Medicare for the patient to receive the benefit, and participating equipment suppliers must accept Medicare assignments. Once a supplier accepts assignment, it triggers the Part B deductible and a patient pays 20 percent of the amount that Medicare approves. Suppliers that are enrolled but not participating in Medicare can decline assignments. Suppliers that decline assignments are free to charge patients any amount for the equipment, notes Medicare.