Trying to understand your health insurance coverage can be a daunting task. With all of the rules, exclusions, and fine print, it’s difficult to make heads or tails of what things will or won’t be covered. In general, hearing aids are not covered by most health insurance plans. There are exceptions, however. But in those instances in which the coverage may be available, it has been our experience that many hearing aid benefits currently offered can actually deprive you of certain professional services and may not actually save you any money at all!
So in hopes of bringing some clarity to your insurance situation, we’ll explain some of the different general plans available, and give you some questions to ask your insurance representative to make sure you are actually receiving a worthwhile benefit.
Hearing Aid Benefits Allowing Direct Reimbursement to the Patient
These plans offer the best options for the consumer, as they typically offer a set amount of money to which you are entitled as a reimbursement. They also allow you to choose which Hearing Professional you buy your hearing aids from. There are usually few, if any, limitations on the technology or manufacturers, and so you are able to shop around to make sure you are getting the best hearing aids for your hearing needs and your wallet. This is the most common type of hearing aid insurance with HearingPlanet patients. And to make things easier, when you purchase hearing aids from us with direct reimbursement from your insurance carrier, our Audiology Department will gladly assist you in preparing any paperwork to submit to your insurance company for reimbursement.
Insurance Companies Partnering with Hearing Aid Distributors
When insurance companies offer a hearing aid benefit, most of them will simply partner with a designated hearing aid seller or distributor who will in turn offer a discount to you for being a subscriber to that insurance company. While this may seem like a great deal at first glance, it has been our experience that you should review these discounts or benefits very closely before proceeding. The discounts are usually given off MSRP (manufacturer’s suggested retail price) or an inflated retail price and the distributor will typically limit you to certain manufacturers and/or models.
Questions to Ask Your Insurance Company if You Have an Insurance Benefit
It is important to ask your insurance representative the following questions:
- Can I be reimbursed directly? Again, this allows you more control over the purchase if this is allowed. HearingPlanet will gladly assist you with this.
- What if I do not like the contracted provider? Don’t choose to work with a Hearing Professional with whom you don’t feel comfortable simply because you have a benefit.
- Will I have a choice of different hearing aid brands? It is important you buy your hearing aids from a multi-brand distributor.
- Do I have any deductibles or co-pays as part of the purchase?
As insurance plans can vary so widely, it is important that you find out from your insurance provider exactly what your options are as you consider purchasing hearing aids.
At HearingPlanet, we offer a wide variety of brands, styles, and features in our hearing aids. And we are glad to help guide you through this process in any way that we can. Contact our knowledgeable Hearing Consultants today at 1-800-432-7669 for more info.