Will insurance cover my hearing aids?

Since your hearing loss is considered a medical condition, you may have assumed that the hearing aids you need to correct the condition would be covered, at least in part, by your medical insurance. In most cases, you would be wrong. Most insurance companies do not offer benefits for hearing aids for adults…and those that do only cover part of the cost.

Why Don’t Insurance Companies Cover These Important Medical Devices?

While insurance companies will claim that hearing aids are elective and therefore not necessary medical devices, the real reason they don’t want to cover them is the expense. Hearing aids can be very expensive—$2,000 on average for a single device—and insurers just don’t want to be out that much money. Also, insurance companies profit from collecting more in premiums than they pay out in benefits. With hearing loss, the odds are not in the insurance company’s favor. One in three people over the age of 65 will suffer age-related hearing loss. Ultimately, the insurance industry knows that there is not much profit to be made by covering hearing care, so they elect not to.

Why It’s Important to Get Hearing Aids Anyway

If you have been diagnosed with hearing loss, whether you are young and suffering from noise-induced damage or you are older and are experiencing age-related symptoms, it is vital that you get your hearing corrected. People with uncorrected hearing loss often suffer from the following related conditions:

• Avoidance or withdrawal from social situations
• Impaired memory and ability to learn new tasks
• Depression and isolation
• Reduced alertness and increased risk to personal safety
• Reduced job performance and earning potential
• Diminished overall health

Even without the assistance of Medicare or private insurance coverage, the benefits of getting hearing aids far outweigh the expense.

We Can Help Make Hearing Aids Affordable

At Medical Hearing Systems, we will work with you to select the best available hearing aids for your budget. We offer various financing options, including credit card payments and patient payment plans to help you pay for your hearing care. Schedule a free evaluation now and learn more about how we can make paying for your hearing aids easier.