Hearings Aids: Cost and Financing Options

Just as there are different types of hearing loss, there are different types of hearing aids designed to improve one's hearing. The price of these devices varies widely, depending on their technology, style, and optional customizations. According to the Mayo clinic web site, the average cost of an analog hearing aid ranges from $900 to $1,200. Analog hearing aids improve sound by converting it into an electrical signal, increasing the volume, and then passing it through the ear in the form of amplified sound waves. Digital hearing aids work the same way, except they use digital signals instead of electrical ones. These hearing aids are generally self-adjusting; they automatically change their settings based on the type of noise you're hearing. Also, digital aids result in cleaner sound, less interference, and more precise customization than their analog counterparts. The average cost for a digital hearing aid is $1,300 to $3,000. The style of a hearing aid also affects its cost. For example, a typical over-the-ear hearing aid will cost much less than a tiny "invisible" style that fits completely inside the ear canal. The most sophisticated and aesthetic hearing aids can cost as much as $5,000. Sadly, most insurance plans won't pay for hearing aids, though they may cover the cost of a hearing test. Patients should talk to their insurance providers to find out what, if any, hearing coverage is available to them. Another alternative is to seek financing through the place of purchase. Many clinics and hearing aid dispensers have financing options available. Care Credit can also be used to cover the cost of a hearing aid. Medicare will not pay for hearing aids, but Medicaid will cover the cost if the hearing aid will be worn by a child. Some people find the cost of hearing aids prohibitive, but financing options are available. Check with your insurance carrier and your audiologist to find out which options they recommend.