23 Sep 2015

According to the Consumer Electronics Association (CEA) report, hearing loss has affected nearly 98 million Americans, both young and old. Such an unexpected event can cause more medical expenses, including the cost of hearing aids and their accessories.

Many may try to find discounted methods such as purchasing cheap hearing aids or over-the-counter products such as Personal Sound Amplification Products (PSAPs). However, their prolonged costs may outweigh the initial cost and benefits of more expensive hearing aids.

Not Hearing Properly Can Have Serious Adverse Effects

Hearing loss affects more than just your ability to hear–it affects your social life, such as enjoying a night out with friends at a restaurant or the movies. Also, this can prove to have dangerous effects as well, as you may have impaired balance and are not aware of your surroundings, especially when driving. So it is essential to take corrective action and get the best  hearing aids you can afford.

Cheaper Devices Don’t Offer Perks

The purpose of hearing aids is to amplify sound, right?

But, what will help you distinguish other background noises and wind? Many hearing aids now also offer a filtering device, as well as digital technology to help you with everyday functions. This may include streaming audio from your electronic devices such as your phone’s Bluetooth,  laptop, or even television.

What about the Extent of the Device Lifecycle

It’s equally important to think about the quality of the product. A cheaper device may not withstand normal everyday wear. There may not be a warranty period more than even 30 days. This means you’ll find yourself replacing them sooner, rather than later. A more expensive device, however, should have a longer and better warranty. Many even offer a trial period to  ensure it’s the best choice for you.

How to Help Pay for the Best Hearing Aids for Yourself

It is understandable that not everyone can afford top notch hearing aids, costing anywhere from $1,000 to over $6,000 in some cases. Many private insurance plans and Medicare do not cover this expense. However, there are options to help you get there.

ï Check with your healthcare provider. They may at least cover a portion. Some states make it a requirement to cover hearing aids for children.

ï Senior veterans should call their local VA office. This may be a fully covered expense.

ï If you’re employed, use your healthcare flexible spending account. This helps you save overall on your taxes.

ï Talk to your tax preparer about deductions on your federal income tax return for hearing aids and batteries. The Medical and Dental Expenses in the IRS Publication 502 covers this in further detail.

ï There are other foundations that help those in need such as the Lions Affordable Hearing Aid Project, Hear Now, Sertoma, and The Hearing Loss Association of America.

Don’t let hearing loss stop your life, and certainly don’t let the expense get you down. Be sure you weigh all options with your audiologist, and select the best hearing aids for you.