An estimated 15% of American adults have hearing loss, but less than one-third of those who could benefit from hearing aids actually use them, in part because of cost. It turns out that hearing loss left untreated has far-reaching health, emotional, and financial costs for individuals and society. But there are ways to find savings to treat hearing loss within your FSA and HSA healthcare spending accounts.
One of the easiest ways to access professional help for a hearing loss is through a medical flexible spending account (FSA) or health savings account (HSA). Hearing aids and related services are generally considered qualified expenses.