Hearing Aid Wearers Can Now Lease and “Trade Up” Their Devices Just Like They Can with Smartphones

EPIC Hearing Healthcare Introduces HearTEK™ Leasing, the First Hearing Aid Lease Program Featuring the Option to Upgrade to the Latest Hearing Technology

PR Newswire – POMONA, Calif., July 25, 2016
An estimated 48 million people in the United States have hearing loss,ⁱ yet only 20 percent of people who could benefit from a hearing aid wear one.ⁱⁱ Cost is a major barrier as the average price of a hearing aid is $1,500 per ear, and can run as high as $3,000-$5,000 each.ⁱⁱⁱ With the introduction of HearTEK^™ Leasing from EPIC Hearing Healthcare (EPIC), individuals with hearing loss now have access to the latest name brand hearing aid technology without the barrier of huge upfront costs and with the peace of mind that they will not be locked into out-of-date technology.

“Consumers have gotten used to many of the benefits of leasing their smartphones – no one wants to pay upfront for technology that could be quickly outdated as hearing aid manufacturers regularly introduce new devices with updated features,” said Brad Volkmer, president and CEO, EPIC Hearing Healthcare. “The HearTEK Leasing program is an affordable new way to give more people with hearing loss access to quality hearing aid technology, so they can start hearing life to the fullest.”

Here’s how it works: Almost everyone qualifies during the application process and there are no application fees or required security deposit. With a licensed hearing aid professional, patients will select a hearing aid best suited for their needs and have access to all levels of technology at four monthly payment levels – $49.99 (basic), $79.99 (standard), $99.99 (advanced) and $149.99 (premium).^iv By spreading hearing aid payments across a lease term up to 30 months, patients can finance a hearing aid up to $5,000.