Americans can now buy cheap hearing aids without a prescription
Adults can now buy hearing aids designed for mild to moderate hearing loss without a prescription or exam.
- Nearly 30 million American adults could benefit from hearing aids.
- But many Americans don’t use them due to financial problems.
- Since October 17, adults can buy over-the-counter hearing aids at low prices.
Hearing aids allow people of all ages to hear better. But many Americans put off buying hearing aids because of financial concerns. Fortunately, a recent FDA rule change will make it easier for Americans to get the hearing aids they need at a more affordable price.
Nearly 30 million American adults could benefit from hearing aids, according to the National Institute of Deafness and Other Communication Disorders. But many Americans ignore this need because they worry about the total cost they will pay.
In August 2022, the FDA announced a final rule to help more American adults get the hearing aids they need more easily and affordably.
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The rule allows hearing aids designed for people with mild to moderate hearing loss to be sold at online and in-store retailers without a prescription and without an exam or fitting. Adults 18 and older can purchase these devices over the counter.
Unfortunately, some Americans will not benefit from this change. Adults with severe hearing loss and children under 18 will still need a prescription for hearing aids.
You can buy hearing aids for as little as $199
Starting today, October 17, Americans can buy over-the-counter hearing aids at popular retailers. Some major retailers have already set their prices for these products.
Here’s what you can expect to pay:
- Walgreens offers hearing aids for $799 a pair.
- Walmart carries hearing aids, priced at $199 to $999 a pair.
- CVS offers hearing aids, priced at $199 to $999 a pair.
If you have mild to moderate hearing loss, it may now be more affordable to get the help you need. It’s a good idea to compare products and prices before making a decision.
While some retailers already carry several affordable models, other retailers may offer lower-priced hearing aids in the future. It’s worth checking with retailers throughout the month to see if additional products are offered.
How much money will Americans save?
According to the FDA, Americans can expect to save about $1,438 per unit with this recent rule change. For many, the savings could help boost their budget to cover other essential day-to-day expenses.
Those with minimal or no health insurance coverage can still get the help they need without worrying about the potential cost of an exam and adjustment on top of the cost of the device.
Don’t neglect your health
Your health is important. Although you can avoid seeing a doctor for financial reasons, it could be dangerous for your health. Some health conditions can get worse quickly if ignored, and they could become more expensive to treat.
If you have other medical care needs that you have overlooked, consider seeking out low-cost community resources. You may be able to get help with the cost of care by going to a community health clinic or taking advantage of free medical screenings.
Check out our personal finance resources to find more ways to save money in your daily life.
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