Any person may suffer from hearing loss today, but the issue is most common in older adults. Sadly, only 20 percent of individuals who would benefit from hearing aids have them. This needs to change, as hearing loss can lead to a range of health issues.
The High Cost of Hearing Aids
Medicare doesn’t cover the cost of hearing aids, leaving many to wonder how they will afford them. Prescription devices typically run $2,000 to $7,000 a pair. You will need additional information when pricing out your hearing aids to determine if the devices will fall on the lower end of the scale or the higher end.
The size of the devices and the type influence the cost, and choosing hearing aids with advanced technology features will increase the price. The devices are only part of the cost. A person may also need to pay for a medical exam and the hearing aids to be fitted. Programming and adjustments may be included in the fee, or a person may need to cover these expenses separately. Fortunately, thanks to changes in federal law, people with mild-to-moderate hearing loss may purchase these devices over the counter. OTC devices typically cost $1,000 or less.
Paying for Hearing Aids
Individuals with Medicare Advantage coverage may find that the program helps pay for hearing aids. The devices might also be FSA or HSA eligible, allowing a person to use funds in their account to help cover the cost. A person should learn whether they qualify for Medicaid and if the program will cover all or part of the cost of hearing aids. Eligibility and coverage vary by state.
Several nonprofit organizations, such as Help America Hear, assist patients in need of hearing aids if they qualify. Requirements differ by the program, so a person should research several options. Veterans might find that the Department of Veterans Affairs will help cover the cost, and some private insurance plans offer coverage for hearing aids. If none of the available methods can be used to help offset the cost of prescription hearing aids, a person might want to look into over-the-counter devices. These devices can be used by those over the age of 18 who are suffering from mild-to-moderate hearing loss.
Always shop around to find the best deal on hearing aids. When comparing the options, consider the warranty, return policy, and repair and maintenance options. Hearing aids may seem like a great deal when the purchase price is incredibly low, but the buyer could find they spend more over time because the devices have a limited warranty or frequently break, and they are responsible for repairs.
Some clinics, distributors, and retailers offer payment plans. When comparing plans, learn about the interest charged or the zero-interest promotional period. Don’t overlook state resources when determining how to pay for hearing aids. The state vocational rehabilitation agency, for example, may help people who are at risk of job loss get hearing aids so they can continue working.
Many people find they cannot afford prescription hearing aids because of their high cost. However, hearing loss can lead to cognitive decline and health issues. A person’s life might also be at risk because they cannot hear sirens, warning bells, and other alerts. Explore all resources to learn how to make hearing aids affordable. With the help of the tips outlined above, most people will find their hearing aids are within reach.
