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Is Your Hearing Loss Costing You Money?

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Is Your Hearing Loss Costing You Money?

Hearing loss is the third most common chronic physical condition in the United States. It is twice as prevalent as diabetes and cancer. However, only 20% of those with hearing difficulties actually seek treatment. This can have negative affects on overall physical, social and mental health. Recently, studies discovered that hearing difficulties, untreated, impacts individuals financially and not in a positive way.

Loss of Income

Hearing is essential for communication and critical in the workforce. For instance, when a person has trouble communicating due to hearing difficulties they:

  • Can have poor job performance and productivity than previously.
  • Have lower earnings than their co-workers.
  • Are twice as likely to be unemployed than those that wear hearing aids.
  • Are more likely to make mistakes than they would have previously.
  • Limit their potential for promotion as well as retire prematurely.

The Better Hearing Institute found that untreated hearing deficits can result in an average loss of $12,000 in household income per year. Additionally, the estimated annual cost to the U.S. is over $100 billion.

Additional Costs

Additionally, untreated hearing deficits can lead to additional medical costs, far higher than the cost of treatment. Those with hearing difficulties have additional medical bills because they are more likely to have dementia or fall. Hospital stays are also doubled and readmission is 44% higher.

What Can I Do?

  • Schedule a Hearing Evaluation. Determine if you have deficits or establish a baseline for your hearing.
  • Consider Hearing Aids. If a loss is detected, hearing aids might be the best solution. The costs of not treating hearing far outweigh the cost of hearing aids.
  • Protect Your Hearing. If you do not have a loss in hearing, take the steps to prevent noise-induced loss. Wear ear protection, be wary of volume levels, and avoid noisy environments.

Lakeland Hearing Care

Lakeland Hearing Care, part of Central Florida Speech & Hearing Center, commits to helping people find hearing solutions that fit their needs, lifestyles and budgets. There are a number of options available. There are devices that are waterproof, discreet, comfortable and technology advanced. Voted Best Hearing aid Center of Central Florida five years in a row, we are confident that we can help you get the hearing help you need!

To schedule an appointment for a hearing evaluation, call 863-279-4812 and see how our Audiologists can help you!

Sources:

* Impact of Hearing Loss on Household Income, May 2007, Better Hearing Institute.

** Hearing Loss Statistics, November 2019, Healthy Hearing.

Lakeland Hearing Care is part of Central Florida Speech & Hearing Center, an organization that has been serving Polk County’s hearing needs for over 60 years.

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