In 2008 we owned a large chain of hearing aid clinics featuring major brands such as ReSound Hearing Instruments, Oticon, Phonak, Rexton, Widex, Siemens, and Starkey. Our mission was to provide superior hearing health and rehabilitative care while ensuring both quality and professional service. In 2013 our company was recognized by The American Association of Retired Persons (AARP) as one of the top hearing aid centers in the US.
A TIME FOR CHANGE!
Statistics showed people were beginning to experience hearing loss at a much younger age, and 10% of all Americans would experience some form of hearing loss by the age of 55. Further studies showed that out of the 48 million Americans hard of hearing, less than 18% would seek the help they needed.
THE PRICE OF HEARING AIDS
Why do so many experiencing hearing loss do nothing about it? Research has found, the reason most people refuse the help they need is due to over inflated prices. Today, the average price of a hearing aid runs between $4,000.00 - $9,000.00 USD with services like Medicare and health insurance offering little to no help.
WHY ARE HEARING AIDS SO DARN EXPENSIVE?
This leads us to the question, why are hearing aids so darn expensive? After all, in this day-and-age, you can buy a complex piece of technology such as a smart phone or laptop, for several hundred dollars. Why should a hearing device built from the same technology, cost thousands? Interestingly, The American Journal of Medicine had this to say about the high cost of Hearing Aids. “Approximately 2/3 of the overall cost of a hearing aid is used to cover the Audiologist's time and service.” In the case of a pair of $6,000 hearing aids, $4,000.00 pays for the clinics time and service.