When you need a hearing aid or are considering if a hearing aid is right for you, you will undoubtedly think about the cost. 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—and one of the biggest contributing factors to this low statistic is how much hearing aids cost.
However, the cost of hearing aids varies greatly depending on different factors, such as hearing aid features, accessories and services included, as well as the amount of research invested in a specific hearing aid. And with many providers now making hearing aids available to purchase directly online, often with lower costs than traditional options, it’s more important than ever to understand how cost should factor into your decision.
So how much do hearing aids cost? Let’s start by breaking down some of the factors that influence how much hearing aids cost.
What Determines How Much Hearing Aids Cost?
Hearing aids are a technological invention that took years to research and develop before they came to market. Research and development are ongoing even now to ensure that technology does not fall behind its time. These continuous efforts increase the value of hearing aids which has a knock-on effect on how much hearing aids cost. On average, traditional hearing aids cost $4,500.
There are also a number of services and features which are traditionally included in how much hearing aids cost. 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.
The list looks impressive at first glance, but you may find that very few hearing aid providers include all of these extras with the hearing aids that they sell. A helpful way to consider the price of a pair of hearing aids and to determine the value for money would be to divide the cost of the hearing aids into a per day rate according to the manufacturer’s warranty.
Let’s take Lexie Hearing as an example:
Lexie Lumen hearing aids include a 1-year manufacturer’s warranty. Should you purchase a pair with a one-time payment of $799, that would amount to paying $2.19 per day to hear! If you were to subscribe to Lexie Hearing at $49/mo., you would essentially be paying $1.60 per day.
To determine the benefit of the subscription model rather than making a one-time purchase, we have looked at the average cost of the hearing aid accessories included in the subscription model. The 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 a pack of 10 is $7.50 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).
Direct-to-Consumer Hearing Aids and How Much They Cost
Despite this fairly high average cost of hearing aids, there are some market-changing hearing aids available at a more affordable price that do not compromise on quality. How is this possible? The answer is simple: direct-to-consumer (DTC) hearing aids.
DTC hearing aid providers make it possible for consumers to purchase hearing aids, either online or through retailers, without consulting a hearing health professional. This structure eliminates intermediaries, making it possible for the hearing aid provider to give the price cut to the consumer.
You may have noticed that Lexie Lumen’s one-time cost of $799 is far below the average. Lexie Hearing is an example of a DTC hearing aid provider, as the Lexie Lumen hearing aids are available online and in select Walgreens stores.
The biggest advantage of DTC hearing aids is the savings made possible due to the nature of the business. How can a quality hearing aid manufacturer drop the price of the hearing aid?
- No in-person consultations
- Direct to consumer
- Different business goals
- Smart technology
- Remote expert care.
Hearing Aid Cost Comparison: Affordable vs. Cheap
One important distinction when looking at how much hearing aids cost is determining what is affordable and what is cheap. Affordable hearing aids are quality options that allow you to save money without sacrificing performance—or worse, putting your ear health at risk. On the other hand, cheap hearing aids are poorly made and provide little to no benefits. They are not FDA-registered, and may even cause further damage to your hearing or overall ear health.
When searching for a hearing aid that fits your budget, use the following chart as a guide to determine if you’re getting a quality product. In addition to these tips, it’s also important to consult a professional to ensure the hearing aid is right for you and your needs.
Characteristics of Affordable Hearing Aids
Characteristics of Cheap Hearing Aids
Does Insurance Cover the Cost of Hearing Aids?
When reviewing how much hearing aids cost and the options available, you may be wondering if insurance covers hearing aids. This depends on which insurance plan you have and which state you live in. For those with Medicare, the cost of hearing aids is not covered—though, there may be an exception for those with a Medicare Advantage Plan. Medicaid hearing aid coverage for adults over 21 varies by state, though many do offer some coverage, either for the hearing aids themselves or for hearing-related services or products.
If you have private insurance, consult with your benefits manager or the insurance company to determine if coverage is offered as this will vary across providers and states. In general, it is uncommon for private insurance companies to cover hearing aids unless mandated by the state.
Affordable Hearing Aids from Lexie Hearing
With the negative impacts of untreated hearing loss, the cost of hearing aids should never be a reason to avoid treatment. By comparing the available types of hearing aids on the market, understanding the type you truly need and incorporating any insurance coverage, you should be able to obtain hearing treatment at a rate you can afford.
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: just $49 per month (no contract required.) You’ll receive high-quality, American-made hearing aids with remote care from experts.