Can My Health Savings Accounts be Used for LASIK Surgery?

You may have been holding back on LASIK eye surgery for a long time now. It isn’t that you don’t want LASIK; you just aren’t sure you can afford it out of your normal paycheck. Maybe you’ll be able to pay for the surgery, but who knows when that might happen.


If your monthly paycheck doesn’t quite cover the cost of LASIK, don’t give up on clear vision yet. There are other payment options available, like payment plans and health savings accounts.


You may not know this, but LASIK eye surgery is an eligible health savings account cost in Utah. Actually, it’s an eligible cost nationwide. This allows you to pay pre-tax and avoid a hard hit to your paycheck. 

What is a Health Savings Account (HSA)?

Some of you readers may know, but an HSA is an account you can set up if you have a qualifying high deductible health insurance plan. The account can help you save money to cover medical costs that your insurance won’t. 


There are various limits to an HSA. For example, you can set aside only a certain amount of money each year in an HSA. The current limits in 2019 are $3,500 for an individual and $7,000 for a family per year. The money is placed in the HSA without being taxed, or it can be tax deductible if placed in the HSA after taxing.


Another limit to an HSA is that the money can only be used for certain eligible costs that the IRS approves. If used for a non-eligible cost, you can be taxed and penalized for the expense. 


However, an HSA has some benefits as well. It makes it easier to pay for healthcare expenses and it rolls over from year to year, so you never have to worry about using all of the money by a deadline like you do with a flex account.  

How to Use Your HSA

Health savings accounts work a lot like a normal bank account. Often, if you have an HSA, you’ll have a debit card connected to the HSA so you can access your funds. Remember, the money in an HSA isn’t gift money - it’s money that you yourself (or with the help of others) have saved to use for medical payments. 


This means that you can use it for any IRS approved health cost. If you aren’t sure which expenses are eligible, then check a list of HSA eligible costs. You might be surprised at how many expenses can be covered by your HSA. For instance, laser eye surgery AKA LASIK eye surgery is HSA eligible.


Once you know if the care you need can be covered by your HSA, simply receive the care you need and pay with your HSA debit card. 

Is LASIK Worth the Cost?

People still wonder if LASIK eye surgery is really as great as it sounds. Can it actually make that much of a difference to your life? And aren’t there risks to the surgery?


LASIK is worth the cost - and here are two reasons why:


First, you’ll see much clearer, and you won’t have to wait through a long recovery for the clear vision to be yours. In fact, within a day or so of your surgery, you’ll already see much better than you could before the surgery. 


All it takes is a quick reshaping of the cornea with a laser. The whole surgery lasts only a few minutes, and you don’t even need stitches because your cornea reseals itself so fast. While you do have to be careful with your eyes for a few days (you did have surgery after all), you can return to your normal activities after a few days. Your doctor should tell you if there are activities you should avoid for longer than a few days. 


Just think, you’ll be able to see traffic signs better. Improve your tennis game. Wake up in the morning without scrambling around for your glasses. And you’ll never have an eyelash get caught under your contact lens again.


The second reason LASIK is worth the cost is that it actually saves you money in the long run. Glasses, lens cleaner, contacts, contact solution, and contact cases are all regular costs that seem small right now but do add up over time. If you compare the long-term cost of all of those products to the price of LASIK, you’ll find that LASIK is not more expensive than keeping your eye care products stocked.


Now, are there risks to having LASIK eye surgery? Well, every surgery has inherent risks to it, but LASIK is pretty low-risk as far as surgeries go. Your doctor checks your eyes beforehand to know what exactly needs fixing on your cornea, so you should know what will be done during the surgery.


The surgery won’t hurt because you’ll be given analgesic drops to numb your eyes. If you are anxious going into the surgery, you may be given a medication to relax you. This is just a precaution to make sure that you don’t move too much during the surgery.


Also, the laser is computer operated to ensure precision. Your doctor oversees and directs the surgery as well, so between the doctor and the computer, the likelihood of a mistake is extremely low. 


Between the low-risk surgery and the benefits of LASIK, the cost is more than worth the result. Additionally, the cost often covers pre- and post-op visits to your doctor. So there’s more wrapped up in the price tag than you might think. 

Any Reason Not to Get LASIK?

Before you actually have the surgery, your doctor should check that you qualify for LASIK. Presbyopia, or loss of elasticity in your eye muscles, can be a problem, but there are other laser eye surgeries that can help presbyopia. Additionally, if you are pregnant, nursing, or have heart problems, you may not qualify at this time.


However, unless you have a condition that keeps you from qualifying, then go ahead and get LASIK. With the option of using your HSA to pay for the surgery, and even to make affordable payment plans with your doctor, there’s not much reason to put off getting LASIK. 

Where Can I Get LASIK Eye Surgery in Utah?

Even though LASIK eye surgery is computer operated, the doctor you go to matters. It’s best to find someone with plenty of experience so you know you’re in knowledgable, practiced hands. Dr. Davis of Davis Vision has performed over 40,000 laser eye surgeries, and with his skills, you’ll have a smooth surgery. 


Contact us today to learn more at (801) 253-3080.