Asked by Dave from Michigan
Dave:
Excellent question.
If you’re looking to get some help with the cost of a new pair of hearing aids, I’ve got some bad news: most insurers don’t cover them. Don’t ask me why—it’s especially strange because many insurance companies do cover much more expensive cochlear implant surgery.
That said, it’s worth calling your health insurance company to check.
About a dozen states have laws requiring insurers to cover hearing aids—but only for people under 18 years of age. If you’re over 18 or don’t live in one of those states, you’re probably out of luck unless you qualify for Medicaid. (If you qualify for Medicaid, contact the representative that handles your account.)
The good news is that many citizen advocacy groups across the country are making progress in convincing state legislatures to create a new mandate for insurers. While I don’t suggest you wait until that happens, take heart that there’s movement on that front.
If, however, you’re looking to insure your existing hearing aids against loss or damage, you do have some options:
* the manufacturer’s warranty (if applicable)
* a rider on your homeowner’s insurance*
* a specialty hearing-aid policy
If you go the specialty insurance route, make sure to do your homework and check with your state department of insurance to verify the license of the agency selling the policy. It takes minutes.
Here’s contact information for the Michigan Office of Financial and Insurance Regulation:
Phone: 1-877-999-6442
Email: ofir-ins-info@michigan.gov
As for cost, it depends on a few factors, including where you live and the manufacturer and model of your hearing device. Always get multiple quotes before settling on a policy; there is often a lot of variation among insurers when it comes to cost.
Here are some popular hearing aid insurers (we don’t endorse these companies, but they may be able to help):
* ESCO
* PlanPlus
*Never assume that your hearing aids are covered under your homeowners policy—they probably aren’t. But it’s worth calling your insurer and asking about adding a rider.
Please note: InsureMe Answers is not intended to be a substitute for advice from a licensed professional. For specific questions about a policy or claim, please contact your insurance agent or company.