Paying for Hearing Aids:
​Tax Breaks from Uncle SamHealth Savings Accounts and Flexible Spending Arrangements
WRITTEN BY
Cary W. Tucker CFP®
​CERTIFIED FINANCIAL PLANNER™

30 August 2019
Hearing aids can be expensive. Not only do hearing aids typically cost thousands of dollars, but many health insurance plans, including Medicare, do not provide any coverage for hearing aids at all. Many people forego hearing aids because of the high cost and the unfortunate lack of insurance coverage. Yet, when left untreated, hearing loss can lead to social isolation and a diminished quality of life.
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​Check out these topics in the article from Hearing Tracker.
Using the standard medical expense deduction
How to deduct the entire cost of your hearing aids
Eligibility requirements for Health Savings Accounts
Limits on annual contributions
Differences between HSA and FSA plans
Grace periods and carryovers