Requires health insurers to provide coverage for hearing aids.

This New Jersey bill (A 1941) requires most health insurance plans sold in the state to cover hearing aids. It directly affects health insurers and policyholders by mandating coverage for one hearing aid per ear every 48 months (4 years) when prescribed by a licensed audiologist or hearing aid dispenser. The policy limits out-of-pocket costs to no more than 15% of the hearing aid's price, including copays or deductibles. This applies to hospital service corporations, medical service corporations, health service corporations, group and individual health insurance policies, HMOs, and health benefits plans. The bill does not cover hearing aids for cosmetic purposes, only medically necessary ones.