If you are one of the 30 million Americans over age 50 who are in the market to buy hearing aids each year, you may be surprised by the sticker shock when you start pricing the various manufacturers, types and models of hearing aids available from analog and digital, or in the ear and behind the ear types. What Should You Pay for Hearing Aids?
High quality digital hearing aids that have several channels for maximum frequency range to maximize your hearing enjoyment can range in price from over $1,000 to as much as $4,000 or more per ear.
To make your purchase potentially more problematic, most medical insurance and Medicare plans do not cover the cost of electronic hearing devices. This can make purchasing hearing aids especially difficult for those on a fixed income. It can mean forgoing other financial obligations, or buying what hearing aids you can afford not what you need, or worse continuing to suffering with failing hearing.
The average price of a single high end digital hearing aid is $2,300, according to a 2015 report from the President’s Council of Advisors on Science and Technology. Most people who purchase hearing aids buy two.
While you can buy a cheap pair of reading glasses at your local pharmacy or big box store for $5-$10, would you use such an inferior product to replace prescription glasses to save a few bucks? Of course not, so why would you buy a cheap pair of hearing aids costing just a few hundred dollars that offer poor sound quality?
Century Hearing Aids understands this dilemma many people on a fixed income face today, so they offer the same expensive hearing aids that can cost $1200 to $4,000 per ear at 50% – 75% off the prices available through an audiologists, so even those on a fixed income can buy high quality digital hearing aids.
How to Find the Best Price for Hearing Aids?
When you start shopping for hearing aids you may notice a wide price range different audiologists charge. That’s because the price you pay is not set by the manufacturer, but rather by the individual audiologist themselves.
Factors that contribute to the price fluctuation between providers are:
- Buying power of provider.
- Six global companies control nearly 90% of the hearing aid market.
- Amount of Discount off of MSRP offered by the provider.
- What kind of warranty that is offered.
- Variety of hearing aids available, such as a budget line, mid range, ans high end line.
- Ability to negotiate lower prices from the manufacturer or distributor that they can pass on to you.
- Rent, salaries and overhead the audiologist must pay to run their business.
- Level of personal service offered that contribute to nearly 1/3 or more of the price you pay for hearing aids.
Unfortunately, most people who are in the market for hearing aids are generally a bit older and may not have the wherewithal to spend days or weeks going from audiologist to audiologist pricing and comparing the various manufacturers and models of hearing aids available, or shopping confusing websites that make it hard to compare hearing aids.
According to the website Exposing Hearing Aids, a typical hearing aid pricing model breaks down as follows:
Total patient price: $4,600
Manufacturer costs (materials and research): $1,400
Retailer costs (operating costs, salaries, marketing, continuing education): $2,236
Service costs for the life of the hearing aids (adjustments, cleaning, repairs, batteries): $574
Potential pretax profit: $350
Instead, too many people just go to the hearing aid specialist closest to them and pay whatever price they are offering, never knowing if they paid a good price or not. The good news is that it doesn’t have to be that way.
Century Hearing Aids negotiated prices with the manufacturers, and offers these same hearing aids under their own brand name at significant discount to the same hearing loss devices offered by audiologists.
Types of Hearing Aids available
There are two types of hearing aids available- in the ear and behind the ear (BTE). All hearing aids are basically made with the same components – microprocessor, amplifier and microphone. The difference is the quality of the components, how they process sounds and amplify the sound waves to help you hear better and more clearly.
- In the ear type hearing aids are small and fit discretely into the ear canal, so no one will see that you are wearing hearing aids. All the components fit into the shell that sits in the ear canal.
- Behind the ear type hearing aids are a bit larger. All the components fit into the shell that sits behind the ear, and has a small ear piece that fits inside the ear canal.
How Can You Save Money on Digital Hearing Aids?
If you have ever thought about buying hearing aids online, or rejected the idea outright because you fear it’s impossible to get high quality hearing aids online, or they won’t fit or sound right, get that idea out of your head. You’ll want to check out what types of hearing aids they sell, the services they offer, are the hearing aids made in the US and what will be the total cost.
Century Hearing Aids took this model and turned it on it’s head, in your benefit. Just as manufacturers of products you buy at the grocery store offer their national brands at full price, and the same product in the “store brand” at 30% to 75% off, Century Hearing Aids negotiated the same type of discount, and passes the savings of up to 75% off to you. In addition, they cut out the middleman and the overhead costs, and offer the lowest prices direct to you.
Below, you can see a comparison chart of the Ex Silent Hearing Aid offered by Century Hearing Aids in the far left column in Blue, and similar models offered by leading manufacturers. Century offers many of the same features as the leading brands, are made in the US not China and are fully FDA approved, and they cost nearly half that of other similar high quality digital hearing aids.
You will see the same easy-to-read comparison chart with each model of hearing aids offering by Century Hearing Aids.
Can Century Hearing Aids offer the same level of service audiologists?
You may be wondering if Century Hearing Aids can offer you the same level of service and high quality products as your local audiologist?
When you sign up with Century Hearing Aids, you are assigned an associate who is highly trained in audiology and will review your hearing audiogram to ensure you are getting the right hearing devices for your level and type of hearing impairment.
While they don’t sit with you during the process, you are getting the same quality of professional service.
Your associate will work with you from your first contact with Century, until you receive your hearing aids and final fitting.
Purchasing hearing aids from Century Hearing Aids includes the following services:
- One or two year warranty
Learn more about Century Hearing Aids