Every so often we get questions about hearing aids. Does Medicare cover them? If not, will my insurance cover them? If not, can I buy stand-alone hearing insurance? And not surprising either, since hearing aid costs can range up to $10,000 for a set. So what’s the scoop?
First, Medicare does not cover hearing aids. Medicare will cover hearing and balance tests when ordered to treat you for a medical condition, but not to determine a need for hearing aids. Since Medicare Supplements are bound by law to only fill in the gaps within Medicare (and not provide extra coverage), they are unable to pay for hearing aids. Some people choose to receive their Medicare benefits via a Medicare Advantage Plan rather than through Original Medicare hoping to receive extra benefits. However, most Medicare Advantage Plans in Idaho do not include hearing benefits either, and those that do typically only cover one hearing exam per year, and offer no coverage for hearing aids.
However, all hope is not lost! There is the option to purchase a stand-alone hearing insurance coverage. While these policies aren’t just falling off trees, we do have one option in Idaho. It is a combination Dental-Hearing-Vision policy and offers up to $2,000 per year in benefits. The best part about this coverage is that it allows you to see any dentists, optometrist, or audiologist you wish, unlike many plans that restrict you to a network of providers. This can prove to be a huge advantage in that it allows you to shop all kinds of retailers, including large discount chains like Costco where prices can be half of those found at hearing aid specialty stores. If you would like more information about this coverage, please call or email us anytime at: 800-817-9223 or info@tweedyinsurancegroup.com.