On Oct. 17, hearing aids approved by the U.S. Food and Drug Administration (FDA) became available over the counter for the first time, for potentially thousands of dollars less than prescription hearing aids. Many experts are hopeful that opening the market up will spur the creation of innovative new devices, bring down costs, and encourage hearing-aid use in a country where only a fraction of older adults who are hard of hearing use hearing aids.
Medicare Seeks to Cut Drug Costs for People in Part D Plans
The Biden administration said this week it intends to challenge insurance companies to deliver better service to people enrolled in Medicare, including applying discounts on drugs covered by Part D more directly to their pharmacy costs.
The Centers for Medicare and Medicaid Services (CMS) on Thursday unveiled a 360-page proposed rule that seeks many changes in how insurers manage their federal contracts. This proposed rule, for example, also would require insurers to show that they have enough contracted medical professionals when they want to create new Medicare Advantage plans or to expand existing ones.
Are Vitamins Covered by an FSA or HSA?
Vitamins are a common over-the-counter (OTC) product purchased by people to maintain good health. And while many vitamins and supplements do have health benefits, vitamins do not automatically qualify as an eligible medical expense under IRS rules. This makes purchasing them with a flexible spending account (FSA) or health savings account (HSA) tricky. But, you can buy your vitamins with FSA and HSA funds if certain criteria is met. Click here to read more.
Take the Pledge
Preventative screenings are an imporatnt part of women’s health. Take the pledge to to raise awareness about bone health! Click here to read more.
What Are the Medical Care Costs of Obesity?
Obesity is considered a medical condition. In 2018, about 42% of adults in the U.S. had obesity. Having a larger body or heavier weight is associated with serious health conditions such as heart attack, stroke, Type 2 diabetes, and cancer. Aside from medical effects, obesity also can impact social, mental, and economic aspects of your life. What are your options? What do those options cost? Click here to read more.
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