Improve Your Quality of Life with the Help of Hearing Aids and Audiology Services - Find the Right Health Insurance Plan For Your Needs
Are you considering getting hearing aids to enhance your quality of life? We understand that while hearing aids can be life-changing, they can also come with a significant price tag. That's why it's essential to explore whether your health insurance provides coverage for hearing aid costs. And if you don't already have health insurance, now is the perfect time to join a health fund and secure the benefits you need.
In this comprehensive guide, we'll provide you with valuable insights into how health insurance can assist in covering the costs of hearing aids and other audiology services. We'll delve into the coverage options offered by private health insurance and Medicare, helping you understand the advantages and limitations of different policies.
Whether you're looking for assessments, considering a cochlear implant, experiencing issues with tinnitus, or seeking comprehensive hearing care, understanding your insurance options is crucial. We'll guide you through the process, answering common questions and addressing key considerations.
So, let's dive in and explore how health insurance can support you in obtaining the hearing aids and audiology services you need.
If you’re ready to compare plans today, start by using our handy comparison tool for a personalised quote from various insurance companies within minutes.
Private Health Insurance Options for Hearing Aids
Many health insurance funds include coverage for hearing aids in their policies. However, it's important to note that these services are typically covered by more premium extras policies.
When it comes to the cost of hearing aids, it can vary significantly across different ranges. That's why the coverage provided by health insurance policies also differs. Some policies may pay a set cost for hearing aids, while others offer a cash back rebate.
Keep in mind that most health funds have a limit on the number of devices you can claim for, usually once every 5 years. Additionally, some health funds even provide benefits for repairing damaged hearing aids, which can be a great advantage.
The amount you can claim as a rebate depends on your specific health fund and the nature of your coverage. In certain cases, you may be eligible to claim up to $1200 towards the cost of hearing aids from select Australian health funds.
It’s worth shopping around to find the policy and private health fund that gives you the most bang for your buck.
Which Extras Cover Plan is Right for You?
If you have an extras policy that includes coverage for hearing aids, you have the opportunity to claim a portion of the cost back from your health fund. The specific size of your benefit will depend on the type of extras policy you have.
- For mid-tier extras policies, which typically cost around $40 a month, there is a small benefit available for hearing aids, usually around the $500 range
- If you have a comprehensive extras policy, which typically costs around $70 a month, you can expect a larger benefit for hearing aids, typically around $800.
- For those with top extras policies, which generally cost $90 or more per month, you can enjoy the highest benefits for hearing aids. These policies often provide coverage ranging from $1,000 to $2,000.
How Private Health Insurance Covers the Cost of Hearing Aids & Audiology Services
When it comes to hearing aids, many private health insurance funds offer coverage through their extras policies. However, it's important to note that this coverage is typically available only on mid- or top-tier extras policies.
Policies and reimbursement
Unlike cash-back rebates, most private health insurance policies for hearing aids involve paying a set cost. This is because the cost of hearing aids can vary significantly based on individual needs and preferences.
Generally, private health insurance covers the cost of a single hearing device. However, there are usually limits on how often you can claim for a new device, such as once every five years. It's essential to check the specific terms and conditions of your policy.
In addition to coverage for new hearing aids, some health funds also provide benefits for repairing damaged devices. This can help alleviate the costs associated with maintaining and fixing your hearing aids.
Health Insurance Benefits for Audiology
Private health insurance may also offer benefits for audiology services. These benefits can come in the form of cash-back offers, where a certain percentage of the costs is reimbursed (typically ranging from 60% to 100%), or as set costs, such as a fixed amount per audiology session (e.g., $35).
Considerations for audiology sessions
Since initial audiology consultations and diagnoses tend to require more time, policies with set costs often provide higher reimbursement for these initial sessions. Subsequent follow-up sessions may receive lower reimbursement amounts.
Remember to review the details of your specific private health insurance policy to understand the exact benefits and limitations of hearing aids and audiology services.