NationsBenefits Launches Eargo Hearing Aids Over-the-Counter (OTC) Starting January 1, 2023
SAN JOSE, Calif., Dec. 12, 2022 (GLOBE NEWSWIRE) — Eargo, Inc. (Nasdaq: EAR) is a medical device company with a mission to improve the quality of life for people with hearing loss. NationsBenefits, a leading provider of supplemental benefits, flex cards and member engagement solutions for health plans, today announced a strategic partnership. Eargo Over-the-Counter (OTC) Hearing purchases will now be available to use plan benefits beginning January 1, 2023.
NationsBenefits now serves millions of members across the United States by partnering with managed care organizations to provide customizable health care solutions through a range of supplemental benefits. This holistic approach allows NationsBenefits to optimize its delivery of value-based solutions for health planners, rather than focusing on a single benefit.
Recent landmark regulations from the US Food and Drug Administration (FDA) have established a new category of OTC hearing aids. Through this partnership, Eargo and NationsBenefits are focused on creating pathways that lower barriers and increase access to care for individuals with hearing loss. High quality, highly technological hearing aids and monitoring that ensure people have access to the right product for their individual needs.
Eargo’s president and CEO, Christian Gormsen, said: customer experience. Both Eargo and NationsBenefits are focused on promoting access to quality hearing aid technology with the aim of reducing worsening health outcomes and rising healthcare costs associated with untreated hearing loss. . Together, we believe that Eargo hearing aids are an affordable and attractive solution for millions of people with hearing loss who are not yet receiving care or treatment. “
Glenn Parker, Founder and CEO of NationsBenefits, said: This means maximizing member choice, offering differentiated products and services, and ensuring seamless reward delivery. To that end, we are pleased to partner with Eargo to offer our members a differentiated and virtually invisible rechargeable OTC hearing aid product. This partnership with Eargo offers members a promise to deliver a superior customer experience by combining strong support capabilities with a focus on customer satisfaction. “
About Iago
Eargo is a medical device company with a mission to improve hearing health. Our innovative products and go-to-market approaches address key challenges of traditional hearing aid adoption including stigma, accessibility and cost. Our Eargo hearing aids are virtually invisible, rechargeable, fully intraeustachian-canal, FDA-regulated Class I or Class II exempt devices shown to compensate for mild to moderate hearing loss. I’m sure it is. Our differentiated, consumer-first approach puts consumers in control of their hearing. Consumers can shop online, in retail stores or by phone and receive personalized and convenient consultation and support from hearing professionals via phone, text, email or video chat. Eargo hearing aids are offered to consumers at approximately half the cost of competitive hearing aids purchased through traditional US channels.
Eargo’s 6th generation device, Eargo 6, is an FDA Class II exempt hearing aid with Sound Adjust technology that automatically optimizes the soundscape as the user moves between environments. You can buy the Eargo 6 here.
About Nations Benefits
NationsBenefits is a leading member engagement, benefits management and healthcare company that partners with managed care organizations to deliver innovative healthcare solutions aimed at driving growth, reducing costs and satisfying members. I’m here. Through a comprehensive suite of innovative supplemental benefits, payment platforms and member engagement solutions, NationsBenefits enables health plans to deliver high-quality benefits to members, address social determinants of health, and Helps improve satisfaction. The company’s compliance-focused infrastructure, proprietary technology systems, and best-in-class service delivery model enable NationsBenefits’ health insurance partners to deliver high-quality, value-based care to millions of members. For more information, please visit www.NationsBenefits.com.
Related Links
http://eargo.com
https://www.nationsbenefits.com/
investor contact
Iago
Nick Laudico
Senior Vice President of Corporate Strategy and Investor Relations
ir@eargo.com
Nations Benefit
Cal Gajurage
954-678-4253
kgajraj@nationsbenefits.com
