In our clinics, we get asked quite often, how much does a hearing aid cost? And the answer is quite simple a device could cost a consumer anywhere between a few hundred dollars to 3-4 thousand dollars. And the range in price results from the style and functionality of the device. And a good portion of the cost is the service provided by our clinicians and their office staff.
On this page we have tried to simplify the pricing and make it transparent and easy to understand.
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A recent study by Hearing Tracker and HLAA with over 2000 survey respondents showed that the respondents that purchased hearing aids only 2.9% of them had mild hearing loss. Generally, consumers will wait for 2- 7 years until they purchase their hearing aids. During this time their hearing continues to decline and impacts their overall health. In the same survey, 28.9% of the respondents who had purchased hearing aids, had a moderate hearing loss and 31.4% had a severe hearing loss. Not coincidental, the inaction does decrease hearing and puts more stress on the body and when the condition becomes noticeable to the consumer and their loved ones, the consumers are then pushed into taking some action. One of the main reasons for consumers delaying their decision regarding purchasing a hearing aid is the cost of ownership and a lack of transparency in pricing in the industry.
According to a study published in 2018, an average cost of a hearing aid in the US was $2,372 but it is imperative to understand the value we get out of these devices every day. Hearing is one sense that works 24 x 7 and like coffee is an integral part of our conversations and everyday life. We wanted to draw a parallel on the amount of time and money we spend into the nectar that wakes us every day and a sense that helps us be part of a conversation. In Canada, coffee is a $6.2Billion industry and we are the 3rd largest consumers of coffee we drink 152.1 liters of coffee per year according to Euromonitor. Another article in Consumerist states that the average worker in US spends about $20 per week on coffee. The point to wonder is that, we do not think twice about spending just over a thousand dollars per year on coffee but spending almost the same amount on hearing devices that will help us participate in the coffee conversations and bring us closer to your loved ones becomes a challenge and we postpone deciding to purchase our hearing devices for number of years till our loved ones push us to act.
We have made it so easy for our clients to own their hearing devices with easy payment options that now there should be no excuse. A hearing device financed through our lending partners could cost you as little as 86 cents a day for an entry level model to under $7 a day for most premium models. On average a person wears a hearing device for 8- 10 hours a day.
Think about it.
If you spend an hour in a coffee shop with a friend, hearing for that hour cost you between 9 cents and 70 cents. Far lesser than what was paid for the cup of coffee.