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Senior wearing hearing aid in her ears in front a laptopHearing loss often goes untreated due to the overall cost involved in hearing aids and treatment. Luckily, there are options to help you cover the cost of hearing aids without significant out-of-pocket costs.

Will My Insurance Cover My Hearing Aids?

It depends on state mandates because not all states require private insurance companies to cover hearing aids. While insurance will cover a hearing exam cost, only a few states require insurance coverage for adult hearing aids.

North Carolina requires health plans to provide coverage for one hearing aid per ear up to $2,500 every 36 months for covered individuals under 22 years old.

Private insurance companies categorize adult hearing aids as elective. Unfortunately, people with hearing loss are considered “high risk” individuals since they are more likely to file a claim to pay for hearing devices.

Medicare And Medicaid Hearing Aid Coverage

Medicare covers medical services, not hearing aids. Medicare Advantage plans may provide hearing aid coverage if you qualify. Medicaid may cover the cost of hearing aids, depending on individual state mandates. But this program usually only covers hearing aids for young people.

What Are HSA And FSA Coverage?

Health Savings Accounts and Flexible Spending Accounts cover healthcare expenses. Both accounts have tax advantages and can help cover the cost of hearing aids and batteries not covered by private insurance.

HSAs:

  • Savings accounts that support lower premiums
  • Require enrollment in a high deductible health plan
  • Accumulate funds to compensate for a high deductible health plan
  • Create long-term savings
  • Funds roll over into the new year
  • All contributions are tax-free
  • No penalty for withdrawing money for medical expenses

FSAs:

  • Tax-free savings accounts used to cover medical expenses
  • Do not require a high deductible health plan
  • Offered as part of an employee benefits package
  • Funds do not roll over at the end of the year

Contact Audiology & Hearing Services of Charlotte or call 704-412-7975 to schedule an appointment and get your personalized hearing treatment plan started.

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