Tax Credit Could Mean Hearing Aids for More Than Ten Million Americans
November 17 2009 - 9:30AM
PR Newswire (US)
HearUSA Urges Passage of Legislation WEST PALM BEACH, Fla., Nov. 17
/PRNewswire-FirstCall/ -- Hearing aids for as many as ten million
Americans living with untreated hearing loss could soon become a
reality if Congress acts, according to Stephen Hansbrough, CEO of
HearUSA (AMEX:EAR), one of the nation's largest hearing care
companies. Hansbrough is urging passage of tax credit legislation
currently being considered by the House and the Senate that would
make hearing aids significantly more affordable. Although almost
all of the 36 million Americans with hearing loss could be helped
by hearing aids, only nine million currently use them, the Better
Hearing Institute (BHI) reports, citing affordability as the prime
reason most go without hearing care and noting that 70 percent of
all hearing aid purchases are not supported by insurance. "Hearing
loss is a critical quality of life and health issue and we are
committed to seeing hearing care recognized as a medical
necessity," said Hansbrough. "HearUSA is supportive of measures
that make hearing care more affordable and accessible and that
increase public awareness of the scope and impact of hearing loss."
He said that ten million of the 27 million Americans with untreated
hearing loss would be likely to purchase hearing aids if $500 tax
credits were available, according to a nationwide survey conducted
by the BHI. Both the Senate (S. 109) and House (H.R. 1646) Hearing
Aid Tax Credit Acts provide for a tax credit of up to $500 for each
hearing aid once every five years. The House measure would apply to
taxpayers 55 or over and for those purchasing hearing aids for a
dependent, while the Senate version would have no age restriction.
Hansbrough said the hearing aid tax credit is supported by leading
health care and advocacy organizations, including the Better
Hearing Institute, the Hearing Loss Association of America, the
American Academy of Audiology and AARP. To learn more about the
Hearing Aid Tax Credit bills, visit
http://www.hearingaidtaxcredit.org/ About HearUSA: HearUSA is the
recognized leader in hearing care for the nation's top managed care
organizations through its network of more than 2000 hearing care
providers and 178 company-owned centers. HearUSA is the nation's
only hearing care network accredited by URAC, an independent,
nonprofit health care accrediting organization dedicated to
promoting health care quality through accreditation, certification
and commendation. HearUSA is also the administrator of the AARP
Hearing Care program, designed to help millions of Americans aged
50+ who have untreated hearing loss. DATASOURCE: HearUSA CONTACT:
Paige Brough, Senior Vice President, HearUSA, +1-561-478-8770 (Ext.
134), , or Sanford Teller Communications, +1-212-717-0332, Web
Site: http://www.hearusa.com/
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