In this paper, we propose a speech waveform modification method which incorporates a hearing impairment simulator, to improve speech intelligibility for the hearing-impaired. The settings of hearing aid devices usually need to be manually adjusted to suit the needs of each user, which creates a significant burden. To address this issue, the proposed method creates a spectral shaping filter, using a hearing impairment simulator capable of estimating speech signals as perceived by a specific hearing-impaired person. We conduct objective and subjective evaluations through simulations using the hearing impairment simulator. Our experimental results demonstrate that; 1) the proposed spectral shaping filter can significantly improve both speech intelligibility and quality, 2) the filter can be combined with a well-known speech intelligibility enhancement technique based on power compensation using dynamic range compression (DRC), and 3) speech intelligibility can be further improved by controlling the trade-off between filtering and DRC-based power compensation.