If you have a flexible spending account (FSA) or medical insurance that covers hearing care or devices, you likely have funds that you need to “use or lose” before the year comes to an end. Don’t leave money on the table—here’s how to take advantage of your benefits before they expire.
Get Hearing Devices and Care Through Your Health Insurance
Several insurance plans cover hearing exams annually, so check yours! Hearing often changes so gradually that you may not notice it—but getting regular exams can help your audiologist detect and treat any changes as soon as possible.
Have a hearing device benefit through your health insurance? Find out the dollar amount of your benefit and how often you can receive it (annually, every three years, etc.). If you are eligible for a hearing device benefit this year, now’s the perfect time to use those funds to upgrade to the latest hearing technology for less by having your insurance cover some of the cost.
Pay for Hearing-Related Items With Your FSA
You can use the pretax contributions you’ve made to your FSA for any medical costs not covered by your insurance, including purchasing hearing devices, batteries, repairs and maintenance.
An FSA is an effective way to save for out-of-pocket medical expenses. However, most of the funds disappear at the end of each year (your plan may allow you to roll over up to $570 to the next calendar year or use up any remaining funds by March 15 of the following year). It’s a smart idea to check your current FSA balance—you could have hundreds, if not thousands, of dollars available to help you hear your best.
Invest in your long-term hearing health by using your end-of-the-year benefits before they’re gone. Take the proactive step of scheduling an appointment with us today to ensure you’re on the schedule before 2022 ends.