$20,000 – or More – a Year? Just for Wearing a Hearing Aid?

Stack of new $100 bills

Have your friends, family, and co-workers been asking you to get hearing aids but you’ve been stubbornly avoiding it? Are you thinking that your hearing loss isn’t that severe right now and purchasing a hearing aid isn’t worth it?

If your hearing keeps getting worse, it could cost you as much as $30,000 per year, even if you assume that it’s fine right now. Not only could you end up injuring yourself by neglecting your hearing loss, you could also cost yourself income and lost opportunities by not hearing important medical or work details.

Unemployment and missed opportunities

If you do not hear everything you’re supposed to, it will ultimately effect your work performance. You could get passed up for future projects because you didn’t follow instructions on past work, or your interaction with co-workers may have deteriorated due to your being unable to hear them. You could end up being overlooked by people at all levels if you become socially isolated at work. These ”little” things compound over time and impact your ability to reach your highest earning potential. Research conducted by the Better Hearing Institute found that individuals with neglected hearing loss earned, on average, $20,000 less a year than those who dealt with their loss of hearing.

Unemployment rates are also increased for individuals with neglected hearing loss, according to another study. An untreated profound hearing loss translates into a 15 percent greater chance of being unemployed. So, as time passes, neglected hearing loss could end up costing you lot’s of money.

Added medical bills from falls

You’ll have a higher chance of having a fall if you’re dealing with untreated hearing loss which can deal you another financial blow. The risk of falling is raised by 300% for individuals who have even slight untreated hearing loss as reported by one study. Additionally, for every 10 dB increase in hearing loss, there is a 1.4-fold increase in falls. The researchers conjectured that there could be a connection between the amount of hearing loss and effects on the vestibular system, which controls balance, or that individuals who have more profound impairment just became more caught up in compensating for the loss than focusing on specific physical dangers. And when you have a fall it frequently results in a costly trip to the doctor.

Increased general health issues

But that isn’t it. You might be missing some of the guidance from your doctor if you have neglected hearing loss. If you miss information from your doctor, you could wind up having worse outcomes in health matters, thus leading to more bills and more issues. All of these occurrences add up to a major financial gap. Over time, significantly increased medical costs will result from neglected hearing loss according to numerous studies. One study said the average increase was more than $20,000 over a ten year period and that these people were 40% more likely to go to the emergency room. More recent research from the University of South Carolina indicated that neglected hearing loss led to a 33% increase in healthcare expenses over an 18 month time period.

Another study from Johns Hopkins University suggested that individuals with untreated moderate to profound hearing loss had a significantly higher risk of death.

So it’s time for a hearing test if you want to protect yourself physically and financially. You may need hearing aids depending on the test results. If you do, you’ll probably be pleasantly surprised. Contemporary hearing aids are incredibly clear and comfortable. Make your overall life better by taking advantage of this fantastic technology.

References

https://publichealth.jhu.edu/2018/patients-with-untreated-hearing-loss-incur-higher-health-care-costs-over-time
https://www.utsouthwestern.edu/newsroom/articles/year-2022/july-hearing-loss-and-falls

The site information is for educational and informational purposes only and does not constitute medical advice. To receive personalized advice or treatment, schedule an appointment.