Hearing aids come in all sorts of shapes, colors and sizes. Analog, digital, black, blue, red, small, big. There are plenty of options out there that can overwhelm even the most discerning buyer.
But if you’ve ever tried to shop for one, you might have noticed one thing they all have in common - how ridiculously expensive they are.
That’s right. Hearing aids often cost an arm and a leg. And that doesn’t even include doctors and audiologists’ fees to adjust them.
I stumbled upon this issue a few months ago while helping my mother shop for one as she has started to experience hearing loss in her left ear.
In my mind, hearing aids, no matter how technologically advanced, are such small devices. Surely they can’t be more expensive than, say, an iPhone, right?
So you can imagine the sticker shock I experienced when I found out that a lot of hearing aids on the market range from $2000 - $5000, with some even going for more than the price of a brand new car.
That’s a lot of cash for such a tiny thing.
What’s even worse is that this is a medical device that usually isn’t covered by health insurance.
So I’m starting to see why a lot of people, especially seniors living on a pension, can’t afford to buy these devices and would much rather suffer with hearing impairment.
But the question still remains...
Why are hearing aids so expensive?