Useful longevity has much more to do with continued loss of hearing than it does useful life of the aid itself. If you continue to lose your hearing abilities, what you wear today may not be able to handle the tasks in five years. Most audiologists will recommend an aid that has built in “growth” capabilities, but over the years, hearing aid manufacturers will continue to get better at what they produce, so in three to five years, you may like the newer features and designs enough to call your old ones “done”.
Like automobiles, styles change, along with bells and whistles, and performance, but what you have now can be repaired or rebuilt for decades to come. Having a plan that allows for replacement every three to five years is an awesome way to always be up with the latest technologies and performances, but if that comes with a hard to cover premium, then you are buying a plan that can well be done without.
Let’s put a calculator to the equation. Let’s say the average cost of good quality aids is $6000, and you WANT to change them every three years. Your insurance covers 80% of that cost, which is $4800, and you pay the remaining $1200. For it to be an even wash, the premiums for your HA coverage insurance would have to be $1600 per year (133 per month), for a total outlay of 2 grand a year (premiums plus a third of the 20%).
My Brother-in-law used to have every three year replacement coverage through his work. He took full advantage of that benefit and always had the latest and greatest aids. Now that he’s retired, and no longer has that coverage, he’s happy with what he’s got.