WASHINGTON, Nov. 14, 2013 /PRNewswire-USNewswire/ -- The Hearing Industries Association (HIA) strongly supports the Hearing Aid Assistance Tax Credit Act introduced by Senators Tom Harkin (D-IA) and Dean Heller (R-NV). This important legislation, S.1694, is a significant step in ensuring that children and adults with hearing loss are able to obtain the hearing aids they need. Hearing loss is among America's most prevalent birth defects.
The Hearing Aid Assistance Tax Credit Act, just introduced in the 113th Congress, provides for a non-refundable $500 tax credit for the purchase of a hearing aid, or $1,000 if two are needed, once every five years.
When left unaddressed, hearing loss interferes with virtually every aspect of a person's life. For children, it affects important social, emotional, and academic development. For adults, it interferes not only with their ability to communicate and interact with others, but it affects their experiences on the job, as well as their earnings, risk for depression, and quality of life.
Numerous studies have linked untreated hearing loss to a wide range of physical and emotional conditions, including impaired memory and ability to learn new tasks, reduced alertness, irritability, negativism, anger, fatigue, tension, stress, depression, and diminished psychological and overall health. A 2013 study even suggested that hearing loss among older adults may be associated with faster rates of measurable cognitive decline.
Sadly, hearing loss remains one of the most commonly unaddressed health conditions in America today—despite the fact that the vast majority of people with hearing loss can benefit from hearing aids. Only about a quarter of the nearly 40 million people in the United States with hearing loss use hearing aids.
One of the main reasons that people do n
|SOURCE Hearing Industries Association (HIA)|
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