Hearing Aid Prices: How Much Should You Pay in 2021?
October 6, 2021
According to the World Health Organization (WHO), close to 466 million people around the world experience disabling hearing loss. Many people find themselves exploring different hearing aid prices and options after their diagnosis. However, the National Institute on Deafness and Other Communication Disorders (NIDCD) reports that only 25% of people who live with hearing loss, and could benefit from a hearing aid, actually wear one. Sadly, one of the biggest contributing factors to this low statistic is high hearing aids prices.
Not only is buying hearing aids a daunting process, the accompanying prices of hearing aids can add unnecessary stress. Hearing aids prices can vary greatly depending on factors such as hearing aid features, accessories and services included, as well as the amount of research invested in a specific hearing aid. On average, traditional hearing aid prices cost around $4,500. Hearing aid prices of one, and in some cases, two devices can set you back financially. However, is it really necessary to break the bank?
With many providers and hearing aid manufacturers now making lower cost hearing aids available to purchase online or over the counter, understanding the range of hearing aid prices can help you find a pair that fits your budget and hearing needs.
In this article, we will discuss why hearing aid prices may vary, how to pick affordable hearing aids, and how your health insurance may cover your hearing aid prices for you.
What makes hearing aid prices vary?
The type and intensity of your hearing loss is an important factor to consider while choosing your hearing aids. All hearing aids, no matter the price, have the same basic components. However, not all ears and hearing losses are the same. What kind of hearing loss you experience will determine the types of hearing aids your hearing health professional may discuss with you. Different hearing aids use different technology to fit different lifestyles. For example, unique hearing aid features such as Bluetooth functionality will increase hearing aid prices but also offer tangible benefits. Additionally, prices also depend on three other factors:
1. Type of hearing loss
Firstly, hearing aid prices will depend on whether you have sensorineural or conductive hearing loss. What kind of hearing loss you experience will influence how it would be managed, as well as the price of the device that will best help you. For instance, sensorineural hearing loss indicates damage in your hearing nerves or the hair cells in your inner ear, while a conductive hearing loss means sound cannot be fully transmitted through the middle or outer ear. Experiencing mixed hearing loss, or both sensorineural and conductive hearing loss, will also have an effect on the hearing aid prices and options available to you.
2. Which ears experience hearing loss
Secondly, hearing aid prices will change based on which of your ears are affected by hearing loss. If only one of your ears is affected, you can save money by only purchasing one hearing aid. However, if you have hearing loss in both ears, you may require two hearing aids which could be more expensive. While you could still benefit from having just one device, purchasing two hearing aids helps you regain binaural hearing, locate where sounds are coming from, and experience less sound feedback from your hearing device.
3. Degree of hearing loss
Lastly, hearing aid prices will depend on the severity or degree of your hearing loss. Some hearing aids are designed to help people with mild to moderate hearing losses, while others are designed for people with more severe hearing loss. Hearing aids that are made for people with severe hearing loss will cost more than other hearing aids. This change in hearing aid prices is due to the fact that hearing aids for severe hearing loss will need to provide more “power” than hearing aids for individuals with less severe hearing loss.
Hearing Aid Prices Comparison: Affordable vs. Cheap
When looking at hearing aids prices, it is important to distinguish between what options are affordable versus cheaply made. Affordable hearing aids are high-quality options that allow you to save on hearing aid prices without sacrificing performance—or worse, putting your ear health at risk. On the other hand, some cheap hearing aids are poorly made and provide little to no benefits. Many cheaply made hearing aids are not even FDA-registered. Hearing aids from unreputable hearing aid manufacturers may waste your money and even cause further damage to your hearing or overall ear health.
Characteristics of cheap hearing aids
- Not FDA-Registered
- Not medical devices
- Amplify all sounds equally
- No advanced hearing aid technology
- Useless in complex listening environments
- Zero feedback control
- Potentially dangerous
Characteristics of affordable hearing aids
- Directional hearing
- Noise reduction
- Telecoil functionality
- Crisp phone calls
- Crystal clear sound
- Multichannel compression
- Bluetooth functionality
The good news is that with advances in the hearing aid industry’s level of technology, it is now possible to buy hearing aids online at much lower prices. Affordable hearing aids like the Lexie Lumen can help you save money on hearing aid prices while offering the same features as more expensive hearing devices. Customers can also pay for their hearing aids via a low-cost monthly plan if preferred over a one-time payment.
What’s included in hearing aid prices?
In addition to the hearing aids themselves, sometimes additional services and features are traditionally included in hearing aid prices. Some of the most common features that can be included in the cost of hearing aids are:
- A hearing exam and diagnoses
- Hearing aid batteries and additional batteries
- Extra slim tubes and domes (fittings)
- Adjustments and fine-tuning
- Ongoing after-purchase expert support and care
- A trial period
- A manufacturer’s warranty.
Does insurance cover the cost of hearing aids?
In addition to comparing hearing aid prices and quality, it is important to check if your health insurance covers the cost of hearing aids. This depends on which insurance plan you have and which state you live in. For those with original Medicare, the cost of hearing aids is not covered. However, there may be exceptions for those on the Medicare Advantage Plan. Medicaid hearing aid coverage for adults over 21 varies by state. While many states do offer some coverage for the cost of hearing aids, hearing-related services, or products, it is important to check your state’s coverage with your Medicare provider.
If you have private health insurance, consult with your benefits manager or the insurance company to determine if coverage is offered with your plan to save money. In general, it is uncommon for private health insurance companies to cover hearing aids unless mandated by the state. However, insurance coverage for hearing aids will vary across providers and states.
The list looks impressive at first glance, but you may find that very few hearing aid prices and packages include all of these extra options. A helpful way to compare and evaluate hearing aid prices would be to divide the cost of hearing aids by the length of the manufacturer’s warranty in days. This provides a per-day cost of purchasing a hearing aid and is a reliable way to compare hearing aid prices relative to their warranty.
The takeaway on hearing aid prices
While high costs often discourage people from purchasing proper devices, it is possible to find a hearing aid that fits your needs and saves money. By comparing the available types of hearing aids, understanding what type you need, and taking advantage of insurance coverage, you can find hearing devices at an affordable rate. With recent changes in technology and the emergence of new options, it is both possible and important to find hearing aids and prices that work for you.
Don’t overspend on hearing aids in 2021
At Lexie Hearing, we believe no one should have to forgo the sounds of life’s simplest pleasures such as nature, a conversation with loved ones, or entertainment.
This is why we offer all-inclusive hearing care at an unbeatable price. You can purchase a pair with a one-time payment of $799, which includes a 1-year manufacturer’s warranty. Or, for $49 a month, you receive Lexie Lumen as well as hearing aid supplies and accessories delivered right to your door.
The hearing aid maintenance accessories, which are delivered at regular intervals during a 24 month period, include:
- Domes (average cost of $1.71 per pair, need to be replaced every two months)
- Slim tubes (average cost of $5.60 per pair, need to be replaced every six months)
- Batteries (average cost of $7.50 for a pack of 10, which will last about one month)
- Drying capsules (the average cost of two capsules is $7.20 and needs to be replaced every 1 to 3 months).
With Lexie’s subscription package, you can pay only $1.60 per day for your hearing aid and a hearing aid toolkit that helps you maintain your device. Compared to other hearing aid prices and packages on the market, Lexie Lumen balances affordability with uncompromising functionality. Get started with our free online hearing aid test. Our team of hearing aid professionals is available to help you find the option that suit your needs best.