Hearing loss affects millions of people worldwide, and modern hearing aids can greatly improve communication, confidence, and overall quality of life. However, the cost of hearing aids can be a barrier for many. The good news is that several hearing aid financing options can help make them more affordable.
In this guide, we’ll walk you through different ways to finance hearing aids—so you can choose the best option for your budget and hearing needs.
Contents
1. Insurance Coverage for Hearing Aids
The first step is to check whether your health insurance covers hearing aids. Coverage varies widely:
Many insurance plans do not cover hearing aids.
Some provide partial or full coverage.
Others offer discounts or reimbursements through affiliated providers.
What to do:
✔ Review your current policy
✔ Call your insurance provider to confirm coverage and exclusions
✔ Consider switching to a plan that includes hearing aid benefits (if premium costs justify the savings)
Even if hearing aids aren’t covered, some plans cover hearing tests or diagnostic evaluations, which can still reduce your out-of-pocket costs.
2. Medicaid and Medicare Coverage
Medicaid
Medicaid may cover hearing aids, but coverage varies by state. In some states, Medicaid provides full coverage for hearing aids and related services like fittings and repair.
Check with your local Medicaid office to confirm eligibility and approved models.
Medicare
While Medicare (Part A & B) does not cover hearing aids, it does cover diagnostic hearing evaluations when ordered by a doctor.
Some Medicare Advantage (Part C) plans may offer partial coverage for hearing aids.
3. Manufacturer Financing Programs
Most major hearing aid brands—like Hear.com and others—offer flexible financing options through partnered lenders. These programs often include:
Low monthly installments
0% or low-interest plans (depending on credit)
Payment terms from 6 to 36 months
Speak with your hearing aid provider to explore brand-specific financing options and choose a plan that fits your budget.
4. Veteran’s Administration (VA) Benefits
If you are a veteran, you may qualify for free hearing aids and audiology services through the VA.
Eligibility is typically based on:
A service-connected disability contributing to hearing loss, or
Other qualifying medical or hearing conditions
Visit your nearest VA medical center to check your eligibility.
5. Charitable Organizations & Foundations
Several nonprofit organizations provide financial assistance for hearing aids, especially for individuals with low income.
Popular options include:
Lions Club Hearing Aid Program
Starkey Hearing Foundation
Hear Now Program
Audient Alliance
Each organization has specific eligibility criteria, including income requirements and residency restrictions. These programs can significantly reduce or fully cover the cost of hearing aids.
6. Personal Loans
When insurance or charity options aren’t available, a personal loan can help you pay for hearing aids upfront and spread the cost over time.
Benefits:
✔ Quick approval
✔ Flexible loan amounts
✔ Can be used for any hearing aid brand or provider
Compare lenders for:
Interest rates
Processing fees
Repayment terms
This helps you avoid overpaying in the long run.
7. Using a Credit Card
Many hearing clinics accept credit cards for payment. This can be a convenient option, but proceed with caution:
Credit cards often have higher interest rates
Long-term balances can significantly increase total cost
Best for short-term financing you can repay quickly
If you plan to use a credit card, choose one with 0% EMI options or low-interest medical financing.
Conclusion
Financing hearing aids may seem overwhelming, but there are multiple options available—from insurance and government programs to manufacturer financing and charitable aid. The key is to explore every option and choose the one that best matches your financial situation.
Investing in hearing aids is an investment in better communication, improved mental health, and a higher quality of life. With the right financing plan, better hearing can be both achievable and affordable.