Your Financing Options for Hearing Aids in Anderson

Your Financing Options for Hearing Aids in Anderson

Hearing_aid_cicHearing aids will improve your quality of life, but how do you pay for them? Hearing aids can cost anywhere from $1,000 to $7,000 for each ear. Many people don’t have that kind of cash laying around. Fortunately, you do have a few financing options if you’re purchasing hearing aids in Anderson.

Health Insurance

If you’re not offered health insurance by your employer or by some other means, you can apply through Covered California. Be aware that enrollment is only open for several months out of the year. Otherwise, you will need to be eligible for special enrollment, which is only available if you have a qualifying life event. Through Covered California, you will be offered health plan options from several providers. Be sure to check their coverage options for hearing aids and to verify that your provider, Angela Battini, is listed as one the contracted providers.

Private health insurance in California is not guaranteed to provide coverage for hearing aids. Alternatively, it may cover hearing tests, but not the actual hearing aids, or it may cover up to a certain amount, such as $500 or $1,000 per ear or per set, or it may offer specific discounts. All of these options are only available through contracted providers that are with the health plan.


If your income falls below a certain level or you have other qualifying circumstances–for instance, being 65 or older, under 21, disabled, or pregnant–you may qualify for Medi-Cal through California. Currently, Medi-Cal pays up to $1,510 per person per year for hearing aid benefits. Be aware that this benefit is subject to a cap, which means that you will only be able to purchase hearing aids that fall under this amount. If you need hearing aids for both ears and the combined price is over the cap, you could consider getting one hearing aid per year. Consult with your provider for advice.

Health Savings Account (HSA)

If you purchase a high-deductible health plan (HDHP), you are very possibly eligible for a health savings account. With an HSA, you can make pre-tax deposits, withdraw funds tax-free, and, depending on the HSA plan, make tax-free investments. Funds that go into or out of an HSA are never taxed. Additionally, HSA funds roll over from year to year–unlike FSAs (or flexible spending accounts). HSA funds can be used to pay for any qualified medical expense designated by the IRS. Fortunately, the IRS designates “the cost of a hearing aid and batteries, repairs, and maintenance” as a qualified medical expense.

These are the three main financing options available for Anderson patients who need hearing aids. If you need additional assistance with discussing your financing options, ask us for more information. We’d be glad to help you!