Approximately 35 million adult Americans need hearing aids. However, due to financial constraints, only a quarter actually get them. A hearing aid can often cost a few thousand dollars, but it can cost much more. Sadly, Medicare’s not much help with this, even though hearing loss is a common concern among its beneficiaries.
Some plans help Medicare beneficiaries with dental care, eyeglasses, prescriptions and hearing aids. These plans are known as Medicare Advantage Plans. Despite the extra coverage, Advantage Plans typically have low premiums. You may even be able to find one that would cost you nothing beyond your Part B premiums. And, this year, Advantage Plan premiums are down by 7.2 percent, on average.
These plans can expand Medicare’s coverage, and may not raise your monthly premiums. That’s because Medicare Advantage Plans are subsidized by the federal government. Another big advantage is that they have their own network of health care providers. You’ll want to see whether your doctor is in-network because you won’t have any coverage to see out-of-network doctors. But, this can get you health care in places where it’s getting hard to find doctors who will work with Medicare.
Medicare Advantage Plans are not available everywhere and they do have some restrictions. We can help you research all of this and there’s no charge for our assistance. You can learn more about Medicare Advantage Plans and Medicare Supplement Insurance here with our online educational resources and you can even call us for a free confidential consultation. We’ll show you the plans available for your area, discuss their benefits and find the low-cost options by comparing choices from different insurance companies. We also invite you to join us for a live Question and Answer Telephone Seminar. You can sign up for free right here at our site.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.