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Better Hearing – The need for hearing aid financing options

Contributed by HearingLife

2022-12-06 • 3 min read

Tags • Lifestyle

Hearing aids should be as affordable as the cup of coffee we start our day with.

 If we can have financing options for our mobile devices, vehicles, and other major purchases, then it should be possible to finance something as critical to our daily life interactions as quality hearing aids if we have any signs of hearing loss.

When a loved one asks us to lend them our ears, it is a direct invitation into their lives. In those moments of vulnerability, our opinions might just be the most valuable currency to them. If we do not have ears to lend them, then we may not be able to give them those two cents.

In those moments, our two cents may be worth more than a million dollars to them, and we need better and improved hearing to stay with them as they bare their hearts out.

Just like money, you cannot lend to another person if you do not have it no matter how much you love them and are willing to help. In other words, you cannot give what you do not have. It is impossible to offer full emotional support and guidance to the people we love if we cannot hear their problems well enough to understand. The relationship between hearing and understanding is like that of chips and dip. Better still, try picturing a Michael Jackson concert without the moonwalk. Not complete!

Over 1.5 billion people live with hearing loss worldwide. That is 1.5 billion of the world’s population who may be struggling to come up with two cents for someone in need if the price of paying for quality hearing aids upfront would take a toll on their pockets.

This is the simple reason anybody dealing with hearing loss deserves the freedom to pay for quality hearing aids in installments or on a feasible financing plan.

Hearing aid prices in Canada range from $1,900 to $4,200 per ear depending on the sound quality and processing features along with the severity of one’s hearing loss and lifestyle. Financial limitations should not determine how well one can hear. Neither should it be a reason to compromise on the quality of hearing aids specific to each individual hearing need.

With HearingLife’s financing options, anybody dealing with hearing loss can be able to hear now and pay later.

For clients who prefer short-term interest-free financing, there is a 3-month 0% financing option that fits their need. There is also a 1-5 year low-interest financing option to ensure that clients who need more time have all the time they need to pay for quality hearing aids that fit their hearing need. With this option, you are essentially paying the price of a daily cup of coffee for top-of-the-line hearing aids that were designed to fit your lifestyle!

Generally, clients would be required to make a 10% minimum deposit at the time of ordering for their hearing aids. This also includes a $150 payment plan administration fee. This is all it takes to secure a top-of-the-line pair of hearing aids that fit each individual hearing need. This is a straightforward process that typically takes about 3 days to complete. For repeat hearing aid purchasers, HearingLife offers instant approval along with no administrative fee or credit check.

 The interesting thing about setting up a payment plan for your personalized hearing aids at HearingLife is that you can decide to pay off your loan at any time you want. Unlike the payment plans we have for some other lifestyle purchases such as vehicles and furniture, HearingLife allows for clients to pay off their loans on hearing aids at any point without attracting any form of penalty!

The need for making quality hearing aids affordable and accessible cannot be overstated. Improved hearing does not only lay the foundation for effective communication, but also makes us generally more aware of our surroundings.

We are more confident in our activities if we can hear everything going on around us. The inability to hear certain sounds such as emergency notifications, local sirens or even the smoke alarms in our homes can endanger our welfare and leave us constantly doubting ourselves. The more doubtful we are, the more likely we are to have a decline in our mental health and consequently, our overall wellbeing.

Understandably, most people do not consider signing up for a hearing test or investing in a pair of hearing aids even if it becomes obvious to them that they are dealing with hearing loss. This is because of the financial constraints that could come with paying for quality hearing aids upfront.

Our goal is to ensure that anybody who needs hearing aids can afford them starting with a free hearing test.

 

Sources

1. Hearing loss (who.int)