Hearing Aids: What's Behind the Price?
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How Much do Hearing Aids Cost?
According to a report from the President’s Council of Advisors on Science and Technology (PCAST), one hearing aid costs approximately $2,300. Therefore, you can spend a little over $5,000 on a pair of hearing aids. Expensive right? To make matters worse, most health insurance plans do not cover hearing aids. This explains why, despite many people suffering from hearing loss, hearing aid users are still very few.
So why are Traditional Hearing Aids so Expensive?
- Costs of Maintaining a Clinic
- Middleman Costs
- Lack of Insurance Coverage
Maintaining a medical facility is expensive, reimbursing audiologists, clinic staff, rent of the facility, to purchasing test equipment, the list is endless. Since customer turnover in most clinics is relatively low, the prices have to increase for the clinic to cover their operational costs.
The market is dominated by only a handful of manufacturers, who do not sell directly to consumers. This means there these hearing aids go through many channels, middlemen, fees and overhead before they reach consumers' hands.
Since insurance doesn’t cover most hearing aids, users are forced to dig into their pockets. Before purchasing hearing aids, you have to undergo hearing tests. Professional audiologists with specific equipment perform the tests.
Are There Affordable Hearing Aids?
Online service providers have made it possible for hearing aids to be available at an affordable price by selling directly to consumers! You can purchase hearing aids for less than half the cost you would pay if you bought the device from a clinic or an audiologist's office.Online companies don’t have to pay rental fees and other incurred costs of operating a physical clinic. Thus, low operating expenses equals lower prices.
Orka’s primary focus is to offer customers value for money by offering hearing aids that are 80% lower than hearing aids with similar technologies on the market by cutting out the middlemen and bringing hearing aids directly to you.
Does Price Reflect on the Quality of Hearing Aids?
We often mistake high pricing for quality. Some of the best hearing aids are expensive because of features, but this isn’t always the case.Some in-person clinics pass off the latest hearing aids as the best. It is easier to convince a customer that the new arrivals are of high quality since the packaging’s manufacturing date is labeled as 2020. However, you can often get great devices with advanced technological features in the middle price range that will perfectly suit your needs.
Alternatively, you can opt for online service providers like Orka, offering hearing aids with top-notch features at 20% of the cost.
Main Takeaway
At the end of the day, ensure that you select hearing aids for your budget, personal preferences, and lifestyle. Not all hearing aids are overpriced. Thanks to online service providers, you can get a pair of quality hearing aids with modern features for a third of the ‘normal’ price. Orka is driven by its passion to help as many people with hearing challenges in the world as possible.
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