Everything You Need to Know About Hearing Aid Costs

Many of today's more advanced hearing aids can fully restore your sense of hearing, but these devices can come with a high price tag. According to the President's Council for Science & Technology, you should plan to spend around $2,300 per hearing aid. If you need a unit for each year, you're looking at spending upward of $5,000.

Brand Most Popular Model Price from
Starkey Starkey Muse $1,450
Siemens Siemens Signia Pure Primax $2,300
Oticon Oticon OPN $2,450
Unitron Unitron Moxi Tempus $2,350
Phonak Phonak Audeo B $1,350
Widex Widex Beyond Fusion $2,100

It's very true that you can't put a price tag on the ability to hear, but the truth is, most people don't have $5,000 laying around. Fortunately, there are several ways to reduce your out-of-pocket expense when buying hearing aids. Here's a closer look at what you can expect to pay for hearing aids, whether or not your insurance will help cover the cost, and different programs you can check into that provide financial assistance for hearing aid devices.

Hearing Aid Cost: What Is Included?

When you buy a hearing aid, you pay for much more than the device itself. Along with the device, the hearing aid cost usually covers a hearing test, a consultation, your initial fitting session, multiple follow-up adjustments, and in some instances, the hearing aid cost covers routine cleanings along with a warranty.

As far as the warranty goes, many hearing aids come with up to two to three years of warranty coverage. The warranties often cover all types of repair expenses, and some even come with a one-time replacement policy, which is of immense advantage if you lose a hearing aid.

If you prefer, you may be able to take advantage of an “unbundle” pricing scheme when buying a hearing aid. This type of pricing allows you to pick and choose which device and services you want. This way, you're not paying for services that you know you will never use. Take for example you don't want to pay for a ‘loss and damage' warranty. When you do an “unbundle” hearing aid deal, you don't have to pay for a warranty if you don't want one.

What Impacts the Hearing Aid Cost?

Most times, the most significant factor that impacts your hearing aid cost is the type of technology the device takes advantage of and the features that it makes available. Although the prices of hearing aids have not gotten less expensive, the technology these devices use has most definitely become more sophisticated. Even hearing aids that used to be considered top of the line even a year or two ago are now considered as basic hearing aids.

If you opt for the most advanced technology in a hearing aid, you can expect to receive some of the greatest features available, such as wireless capabilities and even phenomenal levels of advanced noise reduction circuitry. If you're not interested in the best of the best, though, you can always opt for a more affordable version that still provides great hearing capabilities.

Are Hearing Aids Worth the High Cost?

Hearing aids are most definitely worth the high hearing aid cost. Think about it. Let’s say you purchase a hearing aid for $3,800 and you wear it for seven years. This means you are paying $543 a year for the hearing aid. That’s $45.25 a month, or $1.51 a day. Having the ability to hear is definitely worth $1.51 a day!

Will Insurance Cover the Cost of Hearing Aids?

Roughly 40% of Americans tap into some sort of third-party payment assistance when it comes to covering the cost of hearing aids. You should start by checking with your insurance provider to see if any type of financial assistance is available to pay for your hearing aid. Most insurance plans that feature some type of hearing aid coverage will cover about 85% of the total hearing aid cost, and this applies only every few years.

For those of you who have served in the U.S. military, you should check with the Department of Veteran Affairs to see whether you qualify for hearing aid payment assistance. Much of the time, for those who qualify, they will receive full coverage on hearing aid costs, including coverage for the device, consultations, fittings, repairs, and more.

Should You Buy Hearing Aids Online?

You may be able to find great deals online for hearing aids, with many of the deals significantly reducing your hearing aid cost. However, it’s pertinent to understand that ordering hearing aids through the mail or online does come with a major drawback — you probably won’t receive a consultation or unique fitting session.

When you purchase hearing aids through a local hearing clinic, you gain the advantage of being able to have the devices precisely calibrated to your hearing loss needs. Your consultation and fittings play a large role in whether the hearing aid is in helping you achieve optimal hearing. With this in mind, it’s usually best to avoid ordering hearing aids online or through the mail that don’t come with an in-person fitting.

Since graduating from Harvard with an honors degree in Statistics, Jeff has been creating content in print, online, and on television. Much of his work has been dedicated to informing seniors on how to live better lives. As Editor-in-Chief of the personal… Learn More About Jeff Hoyt