Let’s talk about hearing aid costs. You may have seen previous videos where we’ve talked about the six major brands of hearing aids in the world.
Each one of these manufacturers produces four levels of hearing devices, from premium-level technology, down to entry-level technology. We also
discussed that the cost to own those on a monthly basis typically ranges from $80 to $90 a month for the most expensive model, down to about $40 to $50, per month again. That’s the estimated cost to own them and wear them.
The cost of hearing aids can vary greatly depending on a variety of factors such as the type of hearing aid, brand, technology, features, and location.
In the United States, the average cost of a single hearing aid ranges from $1,000 to $4,000, with the average cost of a pair of hearing aids being around $4,000 to $8,000.
It’s important to note that most health insurance plans, including Medicare, do not cover the full cost of hearing aids.
However, some private insurance plans may offer partial coverage, so it’s important to check with your insurance provider.
There are also some options for financial assistance, such as low-interest financing or assistance programs offered by nonprofit organizations.
Some hearing aid manufacturers may also offer financing options or discounts for veterans or seniors.
It’s important to consult with an audiologist to determine the best hearing aid for your needs and budget. Audiologists can also provide information on any available financial assistance programs.
Here are some tips to help you save on hearing aid costs:
Compare prices: Prices for hearing aids can vary widely depending on the brand, supplier, features, technology, etc. Take the time to research different options and compare prices.
Stick to the basics: Keep in mind that newer hearing aids often come with more advanced technology and features. Older models can still be effective and may be more budget-friendly. Of course, you can only explore this option if your hearing requirements are compatible with basic hearing aid models. If your hearing loss falls under severe to profound, you may need more powerful hearing aids.
Inquire about payment plans: Some audiology clinics may offer financing options or payment plans that can help you spread out the cost of a hearing aid over time.
Take good care of your hearing aids: Proper care and maintenance can help extend the life of your hearing aids and reduce the need for expensive repairs or replacements. Make sure to follow the manufacturer’s instructions for cleaning and storing your hearing aids, and have them regularly serviced by a professional.
My wife and I established and founded the only nonprofit Hearing Center in the state of Indiana. I’d recommend you consider going to givehear.org if you or somebody needs a hearing aid and would like to get some financial assistance to acquire it.
There are lots of options for people that can’t afford hearing aids. Don’t hesitate to reach out for help.