Maybe I’m wrong and hearing aids are part of the medical billing looney world where an aspirin costs $50 and prices don’t make any sense, but I would have to think that a $5000 hearing aid is at least a little better than a $1500 one.
I understand that a lot of people are really happy with their HAs from Costco, and the difference between $1500 and $5000 HAs could be very minimal for most people.
Audiology and hearing aid prices are exactly what you say here. They are “billing looney” with prices all over the place. Good audiologists work at all kinds of places. And a $5000 hearing aid is very often the same hearing aid for $1500–look at the website of the manufacturers. Costco is basically a co-op, offering decent prices for excellent products to its members. The names and particularly the model number, of the hearing aids are different from the branded ones, but most of them are the same high priced ones available at the audiologists, who package the hearing aids with their services. (For those who jump in to correct here, I am aware that Costco sometimes has last year’s model. Hearing aids are like cars, selling new bells and whistles which rarely make much difference to the hearing experience.) It’s up to the purchaser to decide if those services are worth the much higher prices. The insurance you mention comes from the manufacturer, not the audiology practice.
Most Costco hearing centers do not employ audiologists, but hearing aid fitters. Many of those fitters are very competent and skilled. That is one reason the prices are cheaper. Hearing aids are expected to last about 5 years or so the expense can be prohibitive for many people.
You have come to the right place here, since there are lots of knowledgeable and helpful people here. We have all been there in this insane marketplace.