HLAA Supports the Reintroduction of the Hearing Aid Tax Credit in the Senate

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HLAA Supports the Reintroduction of the Hearing Aid Tax Credit in the Senate

Wed, 02/11/2015

“Hearing aids are essential to enable millions of people with hearing loss to fully engage with family, friends and colleagues.” - Anna Gilmore Hall, executive director, HLAA

Senators Dean Heller (R-NV) and Amy Klobuchar (D-MN) reintroduced the bipartisan Hearing Aid Tax Credit (Senate Bill 315) on January 29, 2015, which would provide a $500 credit to people who need a hearing aid. The bill is unchanged from legislation in the 113th Congress which was championed by Senators Heller and Tom Harkin of Iowa, now retired. Senator Heller is a member of the Senate Finance Committee which has jurisdiction over all tax legislation including the HATC.

If enacted, S. 315 would provide a $500 tax credit per hearing aid for people of all ages, or $1,000 if two hearing aids are needed as is usually the case. That would be a critical assist since 61 percent of all hearing aid purchases involve no third-party payment of any kind. Medicare expressly excludes coverage of hearing aids as do most private insurance policies, and as a result, cost is cited as a prohibitive factor by two thirds of the people who do not treat their hearing loss.

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