Financial Support

The cost of better hearing is priceless. Yet many surveyed cited financial concerns (“can’t afford them”) as an obstacle to getting hearing aids. You can help your loved one overcome this obstacle to treatment by providing information and support with financial concerns.

The cost of hearing aids has actually decreased relatively over time, when compared to the rate of inflation. Today, hearing aids range from approximately $1,000 to $4,000 each, depending on the technology selected. Several factors contribute to the cost of hearing aids, including: research and development costs; customization of each device to fit the needs of the wearer; manufacturing costs; and time spent with the professional who fits and services the instruments.

Averaged over the lifetime of the instruments (3 – 5 years or more), the cost per day of a pair of highly featured, advanced instruments is about $3. And, hearing aids are proven to not only help you hear better, but to actually improve the quality of life for people with hearing loss and their families.

More than 90% of all commercial health plans cover cochlear implantation. Out-of-pocket expenses for your cochlear implant(s) are dependent on each specific plan’s deductibles and co-insurance.

Financial assistance is available for hearing aids and cochlear implants from a variety of sources for people who qualify. And, many providers offer payment plans. In addition, legislation is pending that would offer a tax credit for people who purchase hearing aids.