Seniors' perfect hearing aid financing options revealed today
Several financing options are available to help seniors manage the cost of hearing aids:
1. **Insurance Plans and Medicare**: While Original Medicare does not cover hearing aids, some Medicare Advantage plans may offer partial coverage2. It’s advisable to review your plan details or consult with your provider to understand the specific benefits available.
2. **Healthcare Credit Cards**: Providers like CareCredit offer healthcare credit cards that can be used for medical expenses, including hearing aids. These cards often feature promotional financing options, such as no interest if paid in full within a specified period3.
3. **Manufacturer Payment Plans**: Many hearing aid manufacturers provide in-house financing plans. These plans can offer flexible payment schedules that spread the cost over several months, making it easier to manage the financial burden.
4. **Non-Profit Assistance Programs**: Organizations like the Hearing Loss Association of America and the Starkey Hearing Foundation offer assistance programs that can help reduce costs for eligible individuals4.