According to the World Health Organisation, one in four people globally will develop some form of hearing problem by 2050.
If numbers don’t lie, then the statistic is accurate and essential. More and more people have hearing difficulties, and they need hearing aids to hear correctly, but only few people don’t use them.
Hearing aids are becoming critical now more than ever. Because hearing aids are regulated medical devices that are worn in or behind the ear, they help to improve hearing by making sounds audible to a person with a hearing problem.
Indeed, if you have a hearing problem and are willing to use a hearing aid, you are lucky, unlike many other people who would not. Hearing aid prices are high, which probably explains why many people with hearing problems are reluctant to purchase them.
Now, let’s talk about prices. It’s 2023, and you want to purchase a hearing aid, but which one should you buy, and what are the prices of average hearing aids? Here are the numbers—again, that do not lie.
The average price of a hearing aid starts from just a little below $1,000 to more than $6,000, depending on the level of technology involved.
It also doesn’t help that most insurance providers do not cover the cost of hearing aids, and most people with hearing problems need two hearing aids. Still, here are some brands and the prices of their hearing aids:
● Phonak Audeo Paradise – $2,868
● Kirkland Signature 10 – $700
● Widex Moment – $2,698
● Signia Styletto X – $2,466
● Starkey Livio Custom Edge AI – $4,382
● Oticon More – $3,247
● Phonak Virto M-Titanium IIC – $2,850
● ReSound LiNX Quattro (MIH) – $3,167
● ReSound One – $3,295
● Starky Picasso i2400 – $3,500
When getting a hearing aid, here are some things to consider.
● Bundled and Unbundled services: Typically, when you purchase a hearing aid from a hearing aid clinic, it should come with other services like hearing tests, consultation, initial fitting, follow-up adjustments, hearing aid batteries, routine cleaning and one to three years’ warranty. This complete suite of packages is known as “bundled pricing”.
However, some clinics may “unbundle” your hearing aid services from the total price you have to make when purchasing a hearing aid. This way, you will pay for hearing consultation services and ear cleaning services when you need them, not initially.
Make sure to ask your hearing care professional what bundle is included in the hearing aid cost, so you will know what you are paying for.
● Technology Level: The most important factor that significantly drives up the price of a hearing aid is the technology level.
The sophistication of a hearing aid plays a vital role in the price of the hearing aid. The most expensive hearing aids usually have advanced features like noise reduction circuitry and wireless capability.
It is up to you to carefully determine how much you are willing to pay for technology features in hearing aids.
In a way, it’s a more intelligent move to make a significant investment in a hearing aid that will serve you for a long time, as opposed to purchasing lower quality hearing aids while looking for a cheap bargain.
According to the guys at Healthy Hearing, “if your hearing aids cost $6,200 and they have a lifespan of eight years, they will cost you approximately $775 per year, $64 per month or $2.15 per day. In other words, while the total amount is high, the ongoing usage price is more reasonable”.
Would you instead save $2.15 every day than invest in quality communication and healthier relationships? Well, the ball is in your court. Sorry, the hearing aid.