Tuesday, January 14, 2014

What does it cost to ensure access to good hearing?

One of the biggest arguments against any type of insurance "mandate" is that it increases the cost of premiums to those with insurance that "don't need" a particular service, etc. The truth is that when it comes to hearing aids, there have been several states who have published studies about the financial impact to insured residents if they mandate hearing aid coverage for children

Quite literally, just a few cents investment today could not only help improve the lives of hearing impaired kids, but could potentially save local schools and tax payers hundreds of thousands of dollars.

Here's just a few examples:

North Carolina: $0.03 per month increase in insurance premium on insured residents.

California: $0.03 per month average increase in health insurance premium increase

Wisconsin: $0.17 cents per privately insured person, per month for hearing aids and cochlear implants.

South Carolina: proposed legislation is estimated at $0.35 annually or approximately $0.03 per month increase in premiums.

Pay this today...                                                                 ...or pay this later:

These minuscule figures are less than the typical average premium increase per year. 

Would you be willing to invest less than $1 per year of your insurance premium to ensure all children in our state have the opportunity to hear?

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