Specialists discussing finacing options with a customer

Financing for hearing aids

Hearing aid financing and cost

Hearing aids are invaluable devices that can greatly improve the quality of life for those with hearing loss, but they are an investment. If you’re looking to explore financing for hearing aids or want to understand hearing aid financing and cost options, this guide is here to help. We’ll walk you through various financing solutions, how to choose the right option for your needs and what specific customer financing options Miracle-Ear has to offer.

Key Takeaways

Hearing aid costs vary greatly but are an investment in better hearing. Prices typically range from $1,000 to $10,000 per pair, with added benefits like lifetime aftercare at Miracle-Ear to keep your devices performing at their best.
Miracle-Ear offers flexible customer financing options to suit different budgets. These include revolving credit, installment loans and promotional offers to make hearing aids more affordable.
Hearing aid financing can cover much more than the devices themselves. At Miracle-Ear, hearing aid purchases also include services like adjustments and access to unlimited aftercare.
Miracle-Ear hearing care professionals provide personalized support through the financing process. They’ll help you understand your options, answer questions and find a plan tailored to your needs.
Additional savings may be available through FSAs and HSAs. Hearing aids qualify as eligible expenses, allowing you to use these accounts to cover costs and manage payments efficiently.
For those with financial challenges, the Miracle-Ear Foundation may provide assistance. The foundation helps underserved individuals access high-quality hearing aids, ensuring better hearing is within reach for everyone.

How much do hearing aids cost?

The average cost of hearing aids can vary significantly based on the technology, features and brand. Typically, a pair of hearing aids costs between $1,000 and $10,000, but often come with added benefits over their lifespan.

The cost of Miracle-Ear hearing aids includes more than the product itself. When you buy our hearing aids, you also receive unlimited aftercare to ensure your devices perform at their best for years to come.* With access to support at any of our 1,600 locations, you’re investing in both better hearing and ongoing care.

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What is hearing aid financing?

Hearing aid financing is a form of financial help for hearing aids, designed to make them more affordable. Finding the right hearing solution tailored to your needs is our priority. That’s why we provide a range of hearing aids to suit every budget and offer flexible financing options at many of our locations.

Hearing aid financing typically covers the cost of the devices themselves, but may also extend to associated services. At Miracle-Ear, nearly all hearing devices include these services:

Hearing tests and evaluations
Device fittings and adjustments
Industry-leading 3-year warranty**
Unlimited aftercare*

* Miracle-Ear® lifetime unlimited aftercare not included with hearing aids purchased utilizing some insurance benefits.

** Limited warranty, see store or miracle-ear.com/warranty for details.

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Financing options for hearing aids

To help make your purchase easier, financing is available at participating Miracle-Ear locations***. The most common types of financing options offered on site include:

Revolving credit: Works like a credit card but typically without the physical card—just an account number for easy use.
Installment loans: Get approved for a specific amount for a specific purchase, with predictable monthly payments.
Promotional opportunities: Enjoy special deals like no or deferred interest for a year, which can be available on both revolving credit and installment loans.

*** Note: Financing is subject to individual eligibility and may not be available to all customers.

If you’re exploring ways to afford hearing aids, here’s a breakdown of common financing solutions you may find in your research:

At Miracle-Ear, customer financing options might include a payment plan—such as deferred interest for a year—designed to make hearing care more accessible.

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Specialized hearing aid financing programs through third-party lenders focus on medical or hearing-related costs. These programs can offer flexible terms that allow you to pay over several months or even years.

For greater flexibility, personal loans from banks or credit unions may be an option. These loans are not specifically tied to hearing aid purchases, so you can use the funds for other hearing-related expenses too, like warranties or accessories. However, personal loans often come with higher interest rates than specialized programs.

Healthcare credit cards often come with attractive interest-free promotional periods, giving you the chance to pay off your balance without incurring additional fees—provided you complete payments within the specified timeframe.

However, it’s essential to understand the terms that apply once the promotional period ends, as interest rates can rise significantly. To avoid financial stress, ensure you’re able to pay the balance in full and on time. Take the time to carefully review all terms and conditions to make a well-informed decision.

Another effective way to manage hearing aid costs is by using your Flexible Spending Account (FSA) or Health Savings Account (HSA). Hearing aids are considered qualifying expenses, meaning you can use FSA or HSA funds to cover their cost. Many of these accounts also offer easy-to-use debit cards, making payments simpler and more streamlined.

By taking advantage of these savings options, you can make hearing aids more accessible and affordable while aligning with your budget.

People filling fsa/hsa papers for hearing aids eligibility

Apply your HSA or FSA funds to your hearing aid purchase

Good news! Getting the hearing care you need, while saving money, is possible. Make an appointment at your closest Miracle-Ear to find out more.

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Financing for Miracle-Ear hearing aids

As mentioned above, customer financing options are available at participating Miracle-Ear locations***. Common Miracle-Ear financing options may include revolving credit or installment loans, as well as promotional offers.

Hearing aid financing procedures

At Miracle-Ear, we understand the importance of making hearing aids accessible and affordable. Financing your hearing aids can be a straightforward process, and we’re here to guide you every step of the way. Here’s what to expect:

Consultation with a hearing care professional: Start by visiting your nearest Miracle-Ear location for a free comprehensive hearing evaluation. During this visit, our a hearing care professionals will assess your hearing loss and discuss the best solutions tailored to your needs and lifestyle.
Customer financing options: Your provider will review available financing options with you. Miracle-Ear offers flexible plans to fit a variety of budgets, helping you confidently choose the option that works best for you.
Enjoy your new hearing aids: With financing in place, you can complete your purchase. Our team also provides unlimited aftercare to ensure you get the most out of your devices.

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How to choose the right financing option

At Miracle-Ear, we understand that exploring financing options can feel overwhelming, but you’re not alone in this process. Our hearing care professionals are here to guide you every step of the way, ensuring that you find a plan tailored to your needs. Consider these helpful tips when choosing a financing option:

Compare interest rate: If you’re considering interest-free financing for hearing aids, look for the lowest possible interest rate, especially for long-term plans. Lower rates can save you money over the life of the agreement and keep payments manageable.
Check for fees and penalties: Before committing, be sure to review any fees associated with a financing plan.
Choose a term that fits your budget: Select a payment period that aligns with your financial comfort level, balancing affordability with timely repayment. Our team can work with you to find flexible terms that suit your budget and lifestyle.
Ask questions: Don’t hesitate to reach out for clarification. Miracle-Ear hearing care professionals are equipped to answer your questions, simplify complex terms and ensure you feel confident in your decision.

Consideration on finances with hearing aids

Hearing aids are a health investment, so prioritizing quality is crucial for long-term satisfaction and effectiveness. Remember, you’re not navigating these options alone. Miracle-Ear is dedicated to providing support and financial solutions that make better hearing accessible for everyone. Visit your nearest location to discuss your needs and find the best option for you.

Better hearing is within reach

Don't let cost stand in the way of better hearing. Our financing options make hearing aids more accessible so you can get the hearing care you need.

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Miracle-Ear Foundation

If cost remains a significant barrier, the Miracle-Ear Foundation may be able to help. The Miracle-Ear Foundation provides hearing aids to underserved individuals who cannot afford them. Eligibility is based on financial need, and the application process typically involves submitting proof of income and other required documents. The Foundation aims to ensure that more people have access to life-changing hearing solutions, regardless of their financial situation.

Investing in hearing aids is a big decision, but customer financing options can make the process smoother and more affordable. With Miracle-Ear’s support and resources, you’re never alone in your hearing care journey. Begin exploring your options today and take a meaningful step toward better hearing.