Insurance | Financing

Insurance & Financing

Insurance

Most standard health insurance plans, including those offered by employers, do not cover hearing health. Be sure to check with your health insurance provider or plan to see if you might be one of the lucky few.  Even if so, keep in mind that these benefits expire at the  end of each year.

If you do have such coverage and Elkhart Audiology Rehab is identified a preferred provider for your plan, we can bill your insurance directly for your costs.

When you do NOT have hearing health covered in your plan, there are other options.  For example, your employer may provide a Flexible Spending Account (FSA) or Health Savings Account (HSA).   Funds from these accounts can pay costs related to your hearing health.  These funds come out of your pocket but are placed into the account tax-free.  It’s a great way to pay for things not covered in your plan.  You should judiciously consider such potential expenditures as you prepare for paycheck deductions for the following year.

You might also be wondering about Medicare Insurance.  According to Medicare.gov:

Medicare Part B (Medical Insurance) covers diagnostic hearing and balance exams if your doctor or other health care provider orders these tests to see if you need medical treatment.  Medicare doesn’t cover hearing exams, hearing aids, or exams for fitting hearing aids.

In other words, routine hearing exams are not covered by Medicare unless they are ordered for some diagnostic purpose related to other aspects of your health.  And, hearing aids are not covered by Medicare but could be covered by certain supplementary plans.

Financing Options

In today’s market of very high healthcare costs, numerous financial institutions have realized a market need for financing options.  In essence, these represent loans or credit accounts that can be paid over time.

Alternatively, Deb and Sharon can provide direction on a 12-month no-interest financing option available with approved credit.