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AARP's agreement with HearsUSA

By Tami Klink
Nov. 5, 2009  

Thanks to Bob for sending me this link.  Here's the actual agreement including who gets how much of the money for the 'new' AARP agreement with HearsUSA for Hearing aids.  Needless to say, I really have a problem with a non-profit making monetary deals with a for-profit company.  And, most of the public has no clue how this organization is really working.

http://biz.yahoo.com/e/090814/ear8-k.html

Information on the 'Royalties' agreement between AARP and Hears USA.

http://www.marketwire.com/press-release/Hearusa-AMEX-EAR-1032405.html

AARP does do some good for Seniors in that they are a great provider of information.  But, now that we all know how deep they are in with the insurance companies, I really feel that this will taint their advocacy efforts.

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  1. referee33 - Nov 06, 2009 10:38 AM

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    Tami: You are much too hard on AARP, after all they have to find some way to pay for those weekly letters we get in the mail from them touting some new insurance plan. ;-)

  2. Tami Klink - Nov 06, 2009 12:50 PM

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    Ref - I know. This makes me so irritated to see an organization that publicly advertises itself as a Senior Advocacy group. To make money via their royalties agreement with Hears USA and also get $65 for every Hearing aid that Hears USA sells (Siemens brands only) is a travesty. How do they keep their non-profit status? Where is the implementation of our so called tax rules on this? And, they are now 'rolling' out their latest insurance program. It covers hearing aids only at Hears USA. The catch? You pay for the insurance and end up paying more for the hearing aid. At least in some markets that I have heard from readers on. The insurance pays $1,000 directly to Hears USA. Sounds like a bunch of smoke and mirrors to me...
    Have a great week!
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