If you suffer from hearing loss and are considering hearing aids, you may be worrying about the out-of-pocket cost associated with them. While your medical insurance may cover a portion of the cost, you may be wondering how you can afford to cover the rest of the bill. Below are three options to consider to help you fund your needs.
Consider Assistance Programs
Due to the high costs of hearing aids, there are a number of financial assistance programs in place to help alleviate the cost and assist you with the purchase of your assistive hearing devices.
To determine what programs you may qualify for, begin considering your current situation. If you're a military veteran, for example, you may qualify for veteran-specific assistance programs. If your hearing loss is interfering with your job, you may qualify through your company or your state's vocational agency. Also consider contacting your county's medically needy program for more information on additional assistance programs available in your area. There are a wide range of assistance programs available, no matter your financial or personal situation.
Work With Your Local Hard-of-Hearing Community
For those living with hearing loss, there are a number of resources available for support – both physical and financial.
Your local hearing loss or hard-of-hearing community center may be able to provide you with financial assistance, as well as offer you assistive devices that were donated by other hard-of-hearing community members. Refurbished hearing aids are a great option for those who are financially strapped. Your audiologist can work with donation programs to even find aids that fit your needs best.
Consider Financing Options
If the upfront cost of your hearing aids seems to be too much for you to handle all at once, you may consider spreading out your payments.
Speak with your audiologist to learn if they offer any financing options. If not, consider going directly to the hearing aid manufacturer or even taking out a personal loan from your bank or credit union. There are a number of favorable financing plans available, depending on your credit score and history, including 0% interest options. Financing can offer you the flexibility of smaller, easier-to-handle payments and may be just the help that you need.
For many individuals suffering from hearing loss, the cost of hearing aids are the one obstacle that stands in their way. If you're concerned about the out-of-pocket cost associated with your hearing aids, consider the three options mentioned above and contact someone for help, such as http://www.HearDenver.org.
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