I did the research so you don’t have to.
Understanding Traditional Medicare vs. Advantage Plans
Traditional Medicare
Traditional Medicare is operated by the government and is a combination of Medicare Parts A (hospitalization) and Parts B (Physicians and testing), and Part D (drug plan). Traditional Medicare covers 80% of your health care costs. To cover the remaining 20%, you must buy a Medigap, or supplemental, policy.
Cost
The cost for traditional Medicare for 2026 is estimated to be $206.50 monthly. The cost for a supplemental plan (G Plans), the most popular supplemental plan costs $100-$200/month.
Traditional Medicare
The Good News
- You cannot be turned down for the best, most comprehensive (and expensive) plan (currently Plan G), even if you already have health issues.
- Almost all doctors and hospitals accept Traditional Medicare. You have the widest access to health providers.
- Out-of-pocket costs are limited to the annual Park B deductible, estimated at $288 in 2026.
The Bad News
- The premium for a supplemental policy is more than for Advantage Plans.
- You still must buy a separate drug plan (Part D).
Advantage Plan
Advantage plans are operated by private insurance companies that contract with Medicare.
Cost
You still must pay the cost for traditional Medicare (estimated 2026 premium of $206.50/month.
Advantage Plans
The Good News
- They often include additional benefits (dental, vision, hearing), that traditional Medicare does not cover.
- They usually include coverage (Part D), which is extra in Traditional Medicare.
The Bad News
- Many doctors and hospitals are dropping out of Advantage Plans because of declining reimbursement and paperwork nightmares.
- They require permission for testing and limited access to physicians and hospitals that are part of the group. Going out of network can mean higher costs or no coverage at all.
- Prior authorization is required for many services, which can delay or prevent needed care.
- Although premiums may be lower, Advantage Plans have higher co-payments, deductibles, and out-of-pocket maximums (in 2025, the out-of-pocket maximum for Medicare Advantage Plans is $9350 for in-network services).
- They may not offer coverage outside of their service area, which can be a problem when you travel.
Bottom Line
- Open enrollment occurs from Oct. 15th to Dec. 7th. This is the only time you can choose or change plans.
- Check the notice your current plan sent you. How much have premiums and costs risen? Are your doctors and hospitals still in the Plan?
Resources to help you:
- Medicare.gov
- eHealth.com
- Boomerbenefits.com
- For personalized help, make sure you use a licensed individuals – not from an Advantage salesperson who earns a larger commission for selling those plans.
Hearing Health Center recently introduced the option to lease hearing aids. It certainly makes sense. After all, we lease our cars, our smart phones, and office equipment. Why not lease our hearing aids?
Although cost isn’t the number one reason for the 80% of Americans who need hearing aids but don’t wear them,* it can certainly be a barrier to getting help.
Why Leasing?
Most people think of cars when they hearing the word leasing. Today, more people lease their cars than actually buy them. Why?
- Because they want to upgrade to the latest model every couple of years
- Because as the car gets older, it will need more maintenance and more repairs.
- Because they can drive a better, more expensive car, with affordable monthly payments.
Leasing quickly spread to other industries, including office equipment, medical and laboratory supplies, computers and IT equipment. The latest leasing trend is our smartphones. By the time we’re done paying for it, in low monthly installments, we are really to trade-in for the latest and greatest phone on the market.
Leasing Hearing Aids
The average life of hearing aids is between 3 and 5 years. Nationally, hearing aid users get new devices every 3.6 years. The reason is not necessarily because their hearing aids are bad. People get new hearing aids because:
- The prescription changed. Hearing never gets better. The hearing aids you got 3 years ago may no longer be appropriate for you.
- Ears change. The size and shape of the ear and the ear canals change with age, and wearing hearing aids often stretch the ear canal. Weight loss and weight gain also have an effect on the ears. Hearing aids may not fit correctly after a while.
- Technology advances and improves. New hearing aids increase clarity, especially in background noise, and enhance ability to communicate and participate in important conversations and activities.
If one of the things holding you back is the expense, leasing is a great solution. Most hearing aids leases are for three years. Monthly payments are as low as $99, for good hearing aid technology. Payments for the best, most advanced, premium hearing aids are approximately $200/month.
At the end of the three year lease, you can buy the hearing aids outright at a discounted price, or better yet, simply sign a new lease and get the newest developments in hearing aid technology. You’ll always have the best hearing and clearest quality of sound.
The Advantages of Leasing Hearing Aids
There are a lot of reasons why a lease may be the right option for your circumstances. Just a few of the benefits of leasing include:
- Affordability
- No large, out-of-pocket expenditure
- Buy-out options
- Flexible payment plans and financing
- No maintenance, repairs, or follow up costs**
Is a Hearing Aid Lease Right for Your Needs?
Only you will be able to answer this question. If you intend to wear your device until it is completely worn out and do not care about having the best possible technology, this may not be the best option. If you are interested in having a technologically advanced device, the ability to upgrade your device and want any potential issues taken care of properly, a lease is the ideal solution.
*The number one reason for not treating hearing problems is that most people don’t think their hearing is “bad enough.”
**Many leasing options include all maintenance, cover routine maintenance, clearings, reprogramming and adjustments, and manufacturer repairs.
At Hearing Health Center, our goal is try and help everyone that walks through our door despite cost. As part of our evaluation we work with you to find the right solution for your hearing loss and your hearing healthcare budget. Not only do we accept insurance benefits, but we also offer payment plan options for patients to pay over time.
Additionally, we don’t want anyone not hearing because of cost, so we work with many charitable foundations that provide support for those that qualify. From the Department of Rehabilitation Services of Illinois to our very own Fisher Foundation, we offer a wide range of help to fit the needs of each and every patient.