HIT Consultant November 25, 2022
The time has finally arrived. The Food & Drug Administration’s new over-the-counter (OTC) hearing aid regulations are now in effect and health plans are starting to explore what it means for them. Among the many questions they may need to grapple with, a few are particularly salient:
– How will the new rules impact their benefit offerings?
– What new opportunities will arise?
– What potential pitfalls should they be aware of?
Introducing OTC hearing aids
First, let’s examine the new regulatory framework the FDA established. For the first time, all hearing aids will fall under two categories: prescription hearing aids and OTC hearing aids.
– Prescription hearing aids will require a consumer to have a prescription for a hearing...