While hearing aid prices are high, it’s important to know that you are paying for far more than just the devices themselves.
Your purchase usually includes a hearing test, consultation, initial fitting, and all follow-up adjustments, regular cleaning, and a warranty that can last from one to three years. This is known as bundle pricing. If you lose a hearing aid then the warranty often covers all repairs and includes a one-time replacement policy. Some hearing care professionals also include hearing aid battery supplies to get you started.
Why is bundling so common? Your hearing ability may change, your hearing aid may need repair and you may have questions occasionally. You are professional as well as investing in hearing aid technology.
Still, some clinics may “unbundle” the hearing care costs from the cost of the hearing aids. In this pricing structure, you may be able to pick which services you want to purchase upfront, like a loss and damage warranty, and which you want to pay for as you go, like cleaning services for your hearing aids.
Either way, be sure to ask your hearing care professional what is included in the price of the hearing aids so you fully understand what you are purchasing.
Factors for hearing aid prices
The main factor that affects the purchase price of the hearing aid is the technology level and features included. As is true with most consumer electronics, technological sophistication gets less expensive over time, and this has certainly happened in the hearing aid business. While the overall prices of hearing aids have remained steady, the technology you can get for the price is far greater currently than it was even just two years ago.What was once considered a top hearing aid is now considered a basic technique.
All hearing aid manufacturers strive to offer devices that meet the needs of patients and their budgets. To do this, nearly every product line consists of multiple performance levels or price points.The most advanced level will have all the latest and greatest features such as the most advanced noise reduction circuitry and wireless capabilities. Lower performance levels will contain fewer and less sophisticated features as the price decreases.
Why do hearing aids cost so much?
Hearing aid pricing includes the cost of the device as well as the services of a professional. Some of the cost in manufacturing hearing aids is from the research needed to continue making technology advancements each year. Each year, hundreds of millions of dollars are spent by the industry to improve how these devices perform.These investments have led to the production of hearing aids that serve people better.
Here’s another way to think about the price of hearing aids. If your hearing aids cost $6,200, and they have a lifespan of eight years, they will cost you approximately $775 per year, $64 per month or $2.15 per day. In other words, while the total amount is high, the ongoing usage price is more reasonable.Monthly, it is about what you will pay to receive satellite or cable television. When you consider communication, relationships and health benefits, you benefit from wearing a hearing aid, most people agree that it is worth it.
Why should I buy hearing aids?
When deciding whether or not to spend your hard-earned money on hearing aids, consider too the financial impact of not spending that money on hearing aids. It is nearly impossible to put a price on the missed conversations with your spouse, family, friends and colleagues.
It is nearly impossible to put a price on the missed conversations with your spouse, family, friends, and colleagues.
Also missing if you have hearing loss are some of the beautiful and important sounds of life: The laughter of your grandchildren, cheerful bird songs, raindrops falling softly outside your window, your doorbell, the car’s turn signal and the timer on your oven.
If you are still working, you are also losing money due to your hearing loss. A study by the Better Hearing Institute looked at more than 40,000 households and found that untreated hearing loss reduced income on average by $12,000 per year and on the high end, up to $30,000 a year. The good news is that wearing hearing aids can mitigate the effects of that by 50%. That’s a good return on your investment.
Finally, untreated hearing loss is linked to other health conditions such as dementia, depression, high blood pressure and increased risk of trips and falls. It’s even been shown that untreated hearing loss results in higher overall healthcare costs.