When thinking about LASIK, many patients worry about financing the cost of the procedure. Fortunately, there are several options to help pay for the surgery. In addition to custom financing plans, Flexible Spending Accounts or Health Savings Accounts are a popular way to pay for LASIK and save money through pre-tax dollars.
The Benefits of Using FSA and HSA for LASIK
FSA and HSA contributions are taken out of your payroll on a pre-tax basis and can be used for a wide variety of medical procedures. Depending on your income level, you can save up to $2,000 a year with certain types of FSAs or HSAs.
Flexible Spending Account and LASIK
For FSAs, contributions can be made by both the employee and the employer. Using your FSA account for LASIK can help alleviate some of the financial concerns associated with the procedure. FSA balances are typically “use-it-or-lose-it,” meaning the amount in your account will expire at the end of the year. Be sure to set up a consultation and schedule your LASIK procedure before the year comes to an end. If you plan and prepare well, you can have clear vision to start the New Year.
Health Savings Account and LASIK
Health savings accounts (HSAs) are another popular way to pay for medical expenses, including LASIK. HSAs are funded through pre-tax, tax-deductible contributions. Unlike FSAs, the entire HSA balance rolls over each year. These contributions are not added to the employee’s gross income and will not be taxed. Additionally, you can withdraw funds for any purpose after age 65.
Reduce the Cost of LASIK Surgery with Your HSA or FSA
We strive to make the procedure very affordable with prices. Flexible Spending Accounts and Health Savings Accounts are a great way to pay for LASIK. Davis Vision in Salt Lake City, Utah accepts all Medical savings plans. To help with surgery costs, Davis Vision Center also offers interest free financing (if paid in full by required due date) through Care Credit. Contact our team today at (801-590-0864) to set up your free screening. We would love to answer any questions for you and start you down the path of clear vision.