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

Stack of new $100 bills

Have your family, friends, and co-workers been requesting that you invest in hearing aids but you’ve been stubbornly avoiding it? Are you feeling like your hearing loss is not that bad at the moment and purchasing a hearing aid isn’t worth it?

Even if you think you’re doing fine right now, your hearing loss might get a lot worse – and if it does, it could possibly cost you more than $30,000 per year. Not only could you end up hurting yourself by neglecting your hearing loss, you could also cost yourself income and lost opportunities by not hearing important medical or work information.

Unemployment and lost opportunities

If you can’t hear everything you need to, it will eventually impact your performance at work. Your inability to hear coworkers could cause a deterioration in relationships and you could lose opportunities for future projects because you failed to follow instructions on previous projects. You could end up being overlooked by people at all levels if you become socially isolated at work. You might not be able to reach your full earning potential as these “small” things add up over time. A study by the Better Hearing Institute discovered that individuals who have untreated hearing loss earned, on average, $20,000 less a year than those who treated their loss of hearing.

Unemployment rates are also higher for individuals with neglected hearing loss, according to another study. Individuals who don’t address their hearing loss will be 15% more likely to be unemployed. So, as the years pass, neglected hearing loss may end up costing you lot’s of money.

Added medical bills due to falls

Untreated hearing loss can cause another financial hit by actually making you more likely to have a fall. One study revealed that even people with mild neglected hearing loss raise their danger of falling by 300 percent. In addition, there is a 1.4-fold increase in falls for every added 10 dB of hearing loss. The researchers speculated that there could be a link between the amount of hearing loss and effects on the vestibular system, which controls balance, or that individuals with more profound impairment just became more caught up in compensating for the loss than focusing on particular physical hazards. And of course, those falls result in more medical expenses, and consequently more money out of your pocket.

Increased general health issues

But there’s more to it than just that. If you are unable to hear well, you could miss instructions from your doctor. When it involves your health, you could have worse outcomes if you miss information and that can produce increased health costs. All of these incidents add up to a major financial gap. Several studies have connected untreated hearing loss to substantially higher medical costs over time. 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 resulted in a 33% increase in healthcare costs over an 18 month time period.

Another study conducted by Johns Hopkins University indicated that people with untreated moderate to profound hearing loss had a significantly higher chance of death.

So it’s time for a hearing exam if you want to protect yourself financially and physically. You might need hearing aids depending on the results of that test. If you do, you’ll probably be fairly surprised. Hearing aids nowadays are state-of-the-art, really comfortable to wear, and sound clear. Take advantage of the available technology to improve your life in all aspects.

References

https://publichealth.jhu.edu/2018/patients-with-untreated-hearing-loss-incur-higher-health-care-costs-over-time

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.