Senator Boxer on the Hearing Aid Assistance Tax Credit
Friday, June 27, 2008
I am pleased to let you know that I am cosponsoring the Hearing Aid Assistance Tax Credit Act (S.1410). This bill aims to give senior citizens and parents of hearing-impaired children a tax credit, once every five years, of up to $500 to help in the purchase of any hearing aid that qualifies under the Federal Food, Drug, and Cosmetic Act.
According to the National Council on Aging, as many as 70 percent of elderly people experience hearing loss. However, not just seniors suffer hearing loss, with many children also need hearing aids.
Also from the National Council on Aging, about 95 percent of individuals with hearing loss can benefit from the use of hearing aids. However, it is estimated that only about one in four Americans can afford the devices. The consequences of not having hearing aids can include social isolation and depression. Clearly, hearing aids have important health and social benefits.
Hearing loss is one of the most common and widespread health problems affecting Americans today. While the tax benefit will not pay the full cost of any hearing aid, it is a step in the right direction for seniors and parents of hearing-impaired children to make a purchase that will improve lives. You can count on me to work for the passage of this legislation.
U.S. Senator Barbara Boxer