Use Health Benefits and FSA Funds to Your Advantage
While only available to 15 percent of the workforce, hearing insurance can significantly reduce costs. However, it’s important to note that these benefits expire at the end of the year if not utilized, so it’s recommended to contact your insurer to learn more about your policy.
If Denver Audiology is a preferred provider for your insurance company, they can bill your insurance directly for payment. Your employer might also provide an FSA or HSA, which deducts pre-tax money from your paycheck to set aside for future medical expenses. In this case, while the expenses will still come from your pocket, they will not be taxed.
If you have already used up your FSA funds for the year, it is wise to consider your hearing needs for the following year when meeting with your company’s benefits coordinator to determine how much of your paycheck you want to reserve tax-free.
Frequently Asked Questions
Will Medicare pay for my hearing care needs?
Routine hearing exams or treatment, such as exams for fitting hearing aids, are not currently covered by Medicare. Diagnostic hearing exams will only be covered by Medicare Part B (Medical Insurance) if they are considered “Medically necessary” by Medicare. That means they must be ordered by your primary care physician due to symptoms, conditions, or complaints that require medical treatment. Most physician referrals do not qualify as “Medically necessary”. If you have further questions, please call us at 303-832-2054. Thank you.