Insurance Coverage Concerns with Hearing Aids
Hearing is such an important part of an individual’s health
and lifestyle that it’s concerning consumers that insurance companies don't make it easier to cover
hearing aids. Hearing aids can be expensive and range in the
thousands per device which can make it difficult for anyone experiencing a
hearing loss to purchase hearing aids at a reasonable cost.
Some reasons suggested to the challenge of hearing aid assistance through insurance is the percentage of the elderly who accumulate hearing loss is
so high that it would be financially viable for insurance companies to cover
hearing aids on an insurance plan. The cost is too much and the percentage of
people who need hearing aids is too high. So what can be done to make it more
affordable for people to purchase hearing aids? Surely there has to be some
compromise between all parties involved in order to make it profitable AND
affordable without having the policies of younger people compensating for the
large costs of the elderly.
Eligible adults and
children are mostly covered through Medicaid and some nonprofit organizations
may provide assistance if you meet their guidelines. Still, we have a far way to come for full assistance.
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