How Do I Pay for Treatment?
Once you are comfortable and you know specifically which audiologist you want to treat you, your spouse, your parent or other family member, the next question typically is, “How much is this going to cost and how am I going to pay for this?”
I have always believed that the patient needs options to help them invest in proper hearing health care. A reputable Audiology practice understands that for some people the upfront investment in hearing healthcare can be prohibitive. Patients must be provided with options.
All Excellence In Audiology™ offices will offer reputable creditors / banks to help establish a payment plan (some with 0% interest for 1 year, or even a longer term payment plan with fixed interest terms).
Be sure to ask your provider if they offer the exclusive Excellence In Audiology™ ‘Hear For Life’ program that provides individuals the opportunity to pay a one time down-payment and a small monthly fee thereafter with the advantage of full warranty (loss, damage and repair coverage for life), complete access to supplies, batteries and service appointments for life, and no-cost automatic upgrades on new versions of NeuroTechnology™ for life.
Three Ways to Eliminate Flex Spending Headaches Almost Instantly
- Sign Up Early
Set aside flex spending dollars now. Many employers set higher limits than you think on the amount of Flex Spending Dollars you can contribute each year, tax-free, from your salary to pay for health care expenses, like hearing and audiology treatment. Many employers allow $2,500 or even $5,000 of pre-tax earnings to be set aside in your flex plan. Failing to sign up early could cost you more in out-of-pocket hearing and audiology expenses, especially if your plan is not set-up and ready before your treatment begins. If you have a new plan, work with your plan administrator to sign up early for next year in order to maximize your savings!
- Make Your Employer Aware of Family Status Changes
Different employers have different sign-up deadlines, but typically at the beginning of the year, your employer asks you how much money you want to contribute to your Flex Plan for the year. You only have one opportunity to enroll, unless you have a qualified “family status change.” Family Status changes like marriage, birth, divorce, or loss of a spouse’s insurance coverage are qualified reasons to change your plan, and possibly add more coverage for required hearing and audiology treatment.
- Choose Wisely
Give some thought to calculating how much money to contribute this year. If you are considering hearing and audiology treatment, visit our office for a FREE consultation and our treatment coordinators can help you plan exactly how much money you should contribute to help reduce your out-of-pocket expenses. If you put in more money than you need, by law, you lose the money! You have three months after the end of the calendar year to submit claims for eligible expenses from the previous calendar year. Any money left in your account after this three month period is lost.
