It’s no secret: hearing aids are not cheap. The average cost of a hearing aid is $1,000 to $4,000. But, when you break down those dollars, the cost of these tiny pieces of technology are actually quite reasonable. The daily cost of two hearing aids is $1 to $7 per day, based on a 3- to 5-year lifespan.
What is included in the price of hearing aids?
Just like other medical devices, hearing aids are an investment in your overall health. There are many factors that determine the price of a hearing aid.
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 aids and 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.
Similarly, our hearing is always changing. That’s why 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. 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 is the level of technology. The more advanced features included in your hearing aid, the higher the price tag will be. These features are what make your hearing aid a seamless part of your life and include:
- Direct streaming
- Tinnitus control
- Voice recognition
- Directional microphones
Why is it worth investing in high-quality hearing aids?
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. In addition, not all ears are the same. 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.
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 for 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 1,400 locations. With so many plans and carriers, it's hard to print a complete list, so 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. There are also credit companies that 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. That’s why we offer hearing solutions to fit every budget.
The Gift of Sound™
Since 1990, the Miracle-Ear Foundation®, together with our donors, has donated over 16,000 hearing aids to more than 9,000 individuals nationwide. We do this because we believe everyone should have the ability to hear a better day.