How To Get Cheap Hearing Aids For Seniors
Hearing loss is a common concern among seniors, affecting approximately one in three people between the ages of 65 and 74, and nearly half of those over 75 in the United States according to the National Institute on Aging. However, the high costs of hearing aids can make this essential tool inaccessible for many. We’ve carried out detailed research and might help you to find your perfect match.
1. Explore Over-the-Counter (OTC) Options
The recent FDA regulation changes have paved the way for over-the-counter (OTC) hearing aids. These devices are intended for adults with mild to moderate hearing loss and can be purchased directly from stores or online without a medical exam or a fitting by an audiologist. OTC hearing aids can be significantly cheaper than traditional prescription devices, often costing between $100 and $800. As of late 2021, the market for OTC hearing aids is expanding rapidly, providing more competitive and affordable options for seniors.
2. Check for Insurance and Medicare Advantage Plans
While traditional Medicare does not cover hearing aids, some Medicare Advantage plans might include benefits for hearing aids and related services. It’s important to review the details of these plans as they can vary widely in terms of coverage and out-of-pocket costs. Furthermore, some private insurance companies offer partial coverage for hearing aids or give a stipend that can reduce the overall cost.
3. Utilize Nonprofit and Charitable Organizations
There are numerous nonprofit organizations that provide financial assistance or discounted hearing aids for seniors. For example, the Hearing Loss Association of America offers programs and resources for people dealing with hearing loss. Another organization, the Lions Club International, often has local chapters that help seniors obtain hearing aids. Additionally, the Starkey Hearing Foundation’s Hear Now program aids low-income Americans by providing hearing aids to those who qualify.
4. Seek State and Federal Programs
Some state vocational rehabilitation programs offer financial assistance for hearing aids if the hearing loss impacts an individual’s ability to work. Likewise, veterans may be eligible for hearing aids through the Veterans Administration if their hearing loss is connected to their service.
5. Consider Refurbished Devices
Purchasing a refurbished hearing aid can be a more affordable option. These devices are used hearing aids that have been cleaned, repaired, and restored to good working condition. Organizations like Hear to Help ensure that refurbished devices meet quality standards and are fit for use. Prices for refurbished hearing aids can be significantly lower than buying new.
6. Payment Plans and Financing Options
Many audiologists and hearing aid providers offer financing plans that spread the cost of hearing aids over several months or years. This can make the up-front cost more manageable. Some providers offer interest-free financing if the balance is paid within a specific timeframe, which can be a helpful option to consider.
7. Explore Tax Deductions
For those who itemize their tax deductions, the IRS allows the deduction of medical expenses that exceed a certain percentage of your adjusted gross income (AGI). Since hearing aids and batteries are considered medical devices, they can be included in these deductions.
Conclusion
Hearing aids are crucial for improving the quality of life for many seniors with hearing loss. By exploring these various avenues—ranging from OTC options and charitable programs to state assistance and refurbished devices—seniors can find more affordable solutions that fit their needs and budget.
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