(Last updated Oct 31, 2020)

Hearing Aid Financing [Options, Interest Rates, Calculator]

hearing aid financing

With hearing aids typically ranging from $1500-$3500 each, many folks consider hearing aid financing to help make the expense more manageable.

Even if a lump sum payment for your hearing aids is manageable, many consumers choose to finance hearing aids simply because it can be a financially savvy decision.

For instance, with same-as-cash plans and 0% interest rates, financing frees up your money to work for you while you repay the finance company with no interest accruing on the loan.

Since the long term benefits far outweigh the short term savings if treatment is delayed, we highly recommend that you educate yourself on the many options available to make hearing aids more affordable before becoming discouraged by the cost of these sophisticated medical devices.

In this post we’ll review some of the most popular financing options for hearing aids, interest rates, and alternative methods to pay for hearing aids.

Hearing Aid Financing & Payment Options

Many consumers in the market for hearing aids are unaware of the numerous options available to pay for them. We have listed a few of the most common methods below along with a :


CareCredit is the most popular hearing aid financing program.

You may have heard of CareCredit before, many people use CareCredit to pay for expenses incurred by the dentist, optometrist, and veterinarian.

Using CareCredit to pay for your hearing aids is simple.

Just fill out an online application, and in most cases, you’ll get an instant approval, with a 16 digit approval code (card number).

Then, at the time of purchase, you just give your card to your hearing care provider that accepts CareCredit, they set up the terms you want, and you’re all set.

Your first CareCredit bill usually comes in the mail a few weeks later, and you begin making payments directly to them for your hearing aids.

CareCredit Plans Available

Below you’ll see a list of the terms and interest rates available from CareCredit. Be aware that not all merchants that accept CareCredit will offer all of these terms. Prior to buying your hearing aids, you should discuss the terms available with your hearing provider.


  • 6-24 months

Conventional Financing (with interest)

  • 24 months at 14.9% APR
  • 36 months at 15.9% APR
  • 48 months at 16.9% APR
  • 60 months at 17.9% APR

Hearing Aid Finance Calculator

Curious what your monthly payment may look like?

Just enter the amount below that you wish to finance and click “calculate.”

Why We Choose CareCredit for Hearing Aid Financing

CareCredit is a preferred partner of ZipHearing because of their consistency, reliability, and the ease of transaction.

The online application takes only a few minutes and there is no fee to apply. We have found that in comparison to other third party financing options, CareCredit has an extremely high likelihood for application approval among our customers, even those customers with bad credit scores.

If approved, you are provided with an account number that you can use immediately. There is no penalty if you prepay your loan and no hidden fees associated.

Hearing Aid Financing Options Available Through ZipHearing

Through our partnership with CareCredit, you are able to finance interest-free for up to 12 months, or up to 60 months with interest (see APR percentages above). CareCredit enables you to set up an auto-payment with your bank which helps ensure that payments are made on time.

Other Financing & Payment Options

CareCredit may not be right for everyone. You may not be approved, or your chosen hearing provider may not be a CareCredit merchant.

If that is the case, you may want to consider these options:

Wells Fargo

Wells Fargo Bank offers financing for a fixed annual rate of 12.99% with their Wells Fargo Health Advantage Credit Card. Depending on your credit standing and the amount of the total transaction, they may also offer no interest financing if paid in full within 12 or 18 months.

Home Equity Line of Credit (HELOC)

If you are a homeowner, one option is to open a HELOC with a credit union. Very similar to a second mortgage, a HELOC gives you the option to pay within a specified period of time using your home as collateral. Interest will apply, however this interest is tax deductible.

Flexible Savings Account/Health Savings Account

Depending on your insurance plan, you may either have a Flexible Savings Account or a Health Savings Account. Both are pre-tax accounts, meaning that they allow for a certain portion of a paycheck to be contributed before taxes are taken out.

These types of accounts can be used for most out-of-pocket medical expenses. A Flexible Savings Account allows you to put aside up to $2500 annually and typically must be spent within the calendar year (your employer or insurance company can provide details).

A Health Savings Account (HSA) is similar to a FSA, but money in a HSA can more often be rolled over to the following calendar year. Considering the tax benefits, either is a great option to use to purchase hearing devices and for any other hearing device related expenses (batteries, warranty renewals, repairs, TV transmitters, phone boxes, etc.).

Other Money-Saving Tips

Financing hearing aids (especially interest-free), is a great way to lower the expense of hearing aids, but here’s a handful of other good ways to save money on hearing aids.

Jeff Hall Jeff Hall Jeff is a California licensed hearing aid dispenser and the President of ZipHearing- one of the largest discount hearing aid suppliers in the United States. Jeff lives in San Diego, CA with his wife and 2 young daughters. You can learn more about hearing aids and watch Jeff on ZipHearing's Youtube channel.

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