According to the Better Hearing Institute's (BHI) most recent survey of 53,000 households 31.5 million Americans have hearing loss. Hearing loss affects 1 in 10 Americans and 1 in 4 households. While 95% of individuals with hearing loss could be successfully treated with hearing aids, only 23% currently use them. One of the barriers to hearing aid adoption is affordability; 2 out of 3 people ages 55 and above with hearing loss, report that affordability of hearing aids is a key reason for their inability to treat their hearing loss.
Recent bills in the house (HR414 - introduced by Rep. Jim Ryan KS) and Senate (S.1060 - introduced by Senator Norm Coleman MN) if passed could assist up to 1.2 million children and 11.5 million Americans ages 55 and above in treating their hearing loss. These bills provide a tax credit of up to $500 per hearing aid, available once every 5 years, towards the purchase of such hearing aid, available to: 1) individuals age 55 and over, or 2) those purchasing a hearing aid for a dependent. If utilized this equates to a price reduction of approximately 25%-35% on the purchase of hearing aids. Hearing aids are not covered under Medicare, or under the vast majority of state mandated benefits. In fact, 73% of hearing aid purchases involve no third-party payments, placing the entire burden of the hearing aid purchase on the majority of consumers, according to our surveys of the hearing loss population.
Untreated, hearing loss can have many negative consequences. Those who struggle with hearing loss may be subject to subtle or even overt discrimination and be excluded from gatherings, conversations and meetings. The inability to communicate effectively can ultimately lead to frustration, anxiety, social isolation and depression.
Extensive research demonstrates that treatment with modern hearing aids bring measurable improvements in social, emotional, psychological, and physical well being, for both patients and their family members.
The good news is that, with treatment, those suffering even mild hearing loss can gain:
- Greater effectiveness on the job and better earning power. (An estimated 65% of people with hearing loss are younger than retirement age.)
- More participation in group activities like place of worship services.
- Improved interpersonal relationships, greater intimacy and a better sense of control in professional, social and family gatherings.
- For school age children, improved performance in school and better development of language skills.
The fact is that better hearing is a critical aspect of effective communication. Hearing is crucial to developing meaningful relationships and the ability to enjoy life, whether it is participating fully in a conversation between friends, or enjoying aesthetic pleasures like music, the leaves rustling in the wind, or the cooing of a child.
Better hearing helps you perform better, whether in business situations or engaging in hobbies or sports - all of life's activities that include a wealth of auditory cues and signals. Better hearing also gives you an enhanced sense of security, and is critical where safety is a concern - for instance when caring for young children.
A Call to Action
If you or a family member would like to benefit from a tax credit toward the purchase of hearing aids the best thing you can do is write a personal letter to your congressperson and Senator urging support of House bill HR414 and Senate bill S1060. The most effective letter would be one written in your own words describing your personal situation and your need for hearing aids. Contact information for your local Congressperson and Senator can be found on the following website: https://www.congress.org/congressorg/home/.
Better Hearing Institute - https://www.betterhearing.org/press/articles/pr_TaxCredits.cfm
