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"Hearing aids are all too expensive."

Fact or Fiction?

If you have ever looked into hearing aid options for yourself or a loved one, then you’ve probably wondered why hearing aids are so expensive. It’s a very natural question and a common concern among many individuals who could use the extra hearing power but live on a tighter budget. The top 6 hearing aid manufacturers in the world don’t produce the cost-effective hearing aids, and the fact that most health insurance providers don’t offer coverage doesn’t help too much

Hearing aids have a higher cost associated with them for 3 reasons:

  1. Research and Development. The microchip technology and advanced research that goes into finding out new methods of usability testing and sound amplification is what makes up research and development.
  2. The Audiologist’s time is valuable. Studies find that audiologists spend almost 4 hours with each new hearing aid user. The customization, fitting, and follow up process between a new patient and an audiologist requires individualized attention at the hands of a certified professional.
  3. Hearing aids, and hearing aid services are bundled together. This means that the initial cost incurred is stretched to include all of the additional visits required with the hearing professional such as the fitting, casting of the mold if it's an in-the-ear device, and follow-up evaluations bundled together.

 

Proponents in the hearing aid industry who believe in stopping the bundle method for these services would see have hearing aids be sold as distinctive products. Each service, test, tune-up, and follow-up visit to the audiologist would be billed separately - leading many experts to believe that it would disservice the less affluent members of society.

It helps to shop around, do research online, and speak with a professional. If you or a loved one is living with an untreated hearing loss and holding back because of budgetary reasons, make sure to ask your audiologist about financing options and read about the hidden cost of not treating your hearing loss.