How can we help you? Will my insurance cover the cost of a stair lift? 1 out of 2 found this helpful Unfortunately, Medicare and most private insurances do not cover the costs of a stair lift at this time. Was this helpful? Yes (1) No (0) Category: General Related Questions Can I stand on the footrest instead of sitting on the seat? When do I need a stair lift? What happens if my stair lift breaks down? What happens in the case of a power outage?