Cost of hearing loss
Being hard of hearing has a large effect on your daily life. But did you know, that it
also effects the financial situation of you and your family?
For taxpayers, a 2010 survey by the Better Hearing Institute on “The Impact of
Untreated Hearing Loss on Household Income” compared income levels of people
who used hearing aids, people with untreated hearing loss and people with no
hearing loss. The data shows that untreated hearing loss results in a loss of
income per household of up to $30,000 per year depending on the degree of
hearing loss.
- For workers, noise induced hearing loss is the most common occupational disease and the second most self-reported occupational injury.
- For seniors, untreated hearing loss causes additional costs to Medicare and another health programs due to loss of independence, social isolation, depression, safety issues, and quality of life.