Hearing Aids Cost and Pricing Models

The big picture of hearing aid prices

It’s no secret: hearing aids are not cheap. The average hearing aid price falls between $1,000 to $4,000. But, when you break down those dollars, the cost of these tiny pieces of technology is more reasonable than it may seem at first glance. The daily cost of two hearing aids is $1 to $7 per day, based on a 3- to 5-year lifespan.

When you factor in both the immediate and long-term benefits of a quality hearing device and enhanced hearing health, such as better communication with loved ones, improved brain function, more positive work performance and boosted mental and emotional wellbeing, hearing aid prices are well worth it. 

What determines hearing aid price?

Just like other medical devices and decisions, hearing aids are an investment in your overall health. As such, it’s critical to understand how they are priced, and how they will improve your everyday life.

 

Many factors that determine hearing aid prices, from the device quality to the professional care to the features that help your hearing aid easily fit into your lifestyle. While a lower-cost hearing solution may be appealing, it's important to balance the price vs. health benefits.

Arguably, the most important component of your hearing aid purchase is the selection of the correct hearing device and the fitting of that device to your specific hearing needs. This experience is improved drastically when working with a professional and licensed hearing care professional, which you won’t receive with all hearing aid retailers. Although this service may seem to increase the already significant hearing aid cost, getting the most out of your hearing aids is worth this additional investment. This is because a hearing aid that isn't properly fitted to your ear or cared for long-term may not actually help with your hearing and could potentially negatively impact your hearing further.

Our hearing is always changing. It’s important to keep a close relationship with your hearing care professional so you can make necessary adjustments to your hearing aid and ensure it’s always meeting your changing needs. Many hearing aid providers, like Miracle-Ear, include lifetime aftercare in the original price of the hearing aids. Aftercare is essential to maintain the quality and fit of your device, ensuring you get the most out of every dollar you spend. This lifetime commitment to your hearing health includes:

  • Testing – testing of all hearing aid components for proper functioning
  • Cleanings – thorough cleaning of each hearing aid
  • Fittings – fitting checks and adjustments
  • Inspections – ear inspections to check for earwax buildup
  • Repairs – minor repairs of hearing aid components
  • Annual Exam – free hearing evaluation every year

Another factor in hearing aid cost is the level of technology. As you might expect, the more advanced features included in your device, the higher the price tag will be. These features are what make your hearing aid a seamless part of your life and  can vastly improve your hearing experience. Technological additions that can impact your hearing aid price include:

  • Rechargeability
  • Direct streaming
  • Tinnitus control
  • Voice recognition
  • Directional microphones
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Why invest in high-quality hearing devices?

Different hearing aids families

You deserve to get the most out of your hearing aids. Watch this video to see why it's worth investing in high-quality hearing aids and a relationship with a hearing care professional.

High-quality hearing aids use the latest technology to provide many advanced features, like speech isolation, voice recognition, binaural direct streaming, tinnitus control and rechargeability. These additions can help make using hearing aids more convenient, improve sound quality, and can give you a better hearing experience overall.

In addition, no two people's ears, hearing needs or lifestyles are the same. While it may mean a higher price, investing in high-quality hearing aids means your solution will be completely customized to you, both in the fit of the device itself as well as the programming of the software to meet your unique needs.

Finally, it’s quite common that hearing aids will need regular adjustments and even repairs. Purchasing a high-quality hearing device ensures you will have a relationship with a hearing care professional for all of your aftercare needs. If you purchase a PSAP or another low-quality hearing or amplification device, you will not receive this comprehensive service.

Miracle-Ear Customer Lorraine and her husband Dave on a couch

"Miracle-Ear is worth every penny. You can never put a cost on the ability to live your life freely, happy and full of confidence" - Lorraine, Miracle-Ear Customer

Does insurance cover the cost of hearing aids?

Many health insurance companies recognize that hearing is important to your overall health, and now provide hearing care benefits to their members. Hearing care benefits can cover up to 100% of the cost of hearing aids and services. Your employer benefit packages may also include an FSA (Flexible Spending Account) or HSA (Health Savings Account) that allow you to save up to $2,500 tax-free each year for healthcare costs such as hearing aids.

At Miracle-Ear, we accept most major insurance plans at many of our 1,500 locations. With so many plans and carriers, we recommend calling the location near you to verify your coverage and get answers for any questions you may have.

If we do not accept your insurance, not to worry, we will never let you go without the care that you may need.

Is financing available for hearing aids?

It’s important that together we find the right hearing solution for your specific needs. We offer hearing aids for every budget, and financing options are available at many of our locations. Certain credit companies also specialize in healthcare financing. Ask if your hearing care professional accepts or can recommend credit options like Care Credit or Wells Fargo Health Advantage.

In addition, the Miracle-Ear Foundation® is designed to support underserved Americans with a limited income and no other resources for hearing aids, such as insurance, Medicaid, VA, or other state or federal programs. Learn if you’re eligible for the Miracle-Ear Foundation.

Out of 48 million Americans experiencing some degree of hearing loss, nearly 75% put off getting help. At Miracle-Ear, we believe in making hearing care affordable and accessible even if you don't have hearing aid insurance. That’s why we offer hearing solutions to fit every budget.

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*Miracle-Ear®lifetime aftercare not included with hearing aids purchased utilizing some insurance benefits.

** Limited warranty, see store or miracle-ear.com/warranty for details.

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