Hearing Loss

The World Health Organization, reports that by 2050, an estimated 900 million people around the world will have a disabling hearing loss.
Medicare does not cover the cost of hearing aids and I think for many that’s a concern since the cost of one aid can be as much as $3000.
However, there was good news for people with hearing loss when Congress last August authorized the Food and Drug Administration to create a new class of hearing devices, which will be available over the counter and expected to cost far less than what you pay for a device from the audiologist's office. The over-the-counter hearing aids are for adults with mild to moderate hearing loss and will be FDA-regulated. In the future, certain hearing aids and other hearing wearable devices will be available in pharmacies and electronics retailers. Once regulations are in place, expect lower prices for FDA-approved aids and more choices.