Hearing aids price breakdown

Hearing aids are exorbitant devices, the best of which almost costs a fortune. While some basic models may come for about several hundred dollars, the most advanced ones cost nothing less than $4000! However startling and unjust the prices may seem, it is a fact that purchasing hearing aids is nothing but an investment. This is because hearing aids that are purchased from a knowledgeable professional or a certified clinic offers sundry important services at practically no charge.

This is because the cost of services like fitting, cleaning, and maintenance are already included in the overall price of the device. Although several factors affect the pricing of a hearing device, listed below is a typical hearing aid pricing break down.

The overall patient price of a premium model is usually slated somewhere around $4600. This is the total price a consumer is likely to pay for the device. The total patient price is inclusive of the manufacturer’s cost, retailer’s cost, maintenance charge, and potential pre-tax profits. The manufacturer’s cost that includes material and research is usually somewhere about $1400 approximately. Retailer’s cost includes a bunch of expenditures like operating costs, salaries, marketing, fitting, and education about the product and the like. All these components cost about $2300. Another component that adds to the price of the hearing aid is the service cost. Service cost usually comes up to about $500 and includes adjustments, cleaning, repairs, batteries, and the like.

Most hearing aids have a life expectancy of nearly five years which means that you pay a price of about $900 per year, about $70 per month, and nearly $3.3 per day. The daily expense of a hearing device is lesser than the price you pay for your preferred beverage at a coffee shop! In the larger scheme of things, a hearing aid provides ease of communication and comfortable hearing experience that makes it a worthwhile investment!

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