It is quite uncommon for health insurance plans to pay for LASIK eye surgery due to its classification as a cosmetic procedure. However, for those with an FSA (Flexible Spending Account), LASIK is a lot cheaper. Just be sure to educate yourself on the 2013 IRS cap mandate.
Beginning in 2013, your FSA (or HSA, Health Spending Account) contribution is capped at $2,500.00. A part of an IRS notice, folks are no longer able to contribute more than this amount. However, even including this cap, FSA/HSA contributions can save LASIK patients a large chunk of money when procedure day arrives. LASIK eye surgery cost can be less of a financial shock with FSA dollars. Eye care specialists throughout the country accept FSA dollars for LASIK procedures. Because Flexible Spending dollars are pre-tax dollars, patients receiving LASIK eye surgery can save anywhere from 20-30% on their bill. Minimizing LASIK eye surgery costs can be imperative for many individuals, as the procedure is not generally considered economical.
To find out if your FSA/HSA account allows you to spend contribution finds on procedures including LASIK, it is in your best interest to find out two things:
1. Find out if your account allows you to use the entire allotment within one month of your renewed enrollment year.
2. Figure out if you are given a brief "grace period" after your company's current enrollment year ends. If the answer is yes, leftover FSA funds may "roll over" into the new enrollment year.
In addition, be sure to communicate openly with your eye care doctor throughout a LASIK consultation. Find a reputable eye care specialist who willingly answers questions regarding technology and pricing, so you can eliminate hidden fees that boost your bill's charges post surgery. Find out more about LASIK eye surgery payment tips today, so you can apply FSA dollars tomorrow for improved vision.
Beginning in 2013, your FSA (or HSA, Health Spending Account) contribution is capped at $2,500.00. A part of an IRS notice, folks are no longer able to contribute more than this amount. However, even including this cap, FSA/HSA contributions can save LASIK patients a large chunk of money when procedure day arrives. LASIK eye surgery cost can be less of a financial shock with FSA dollars. Eye care specialists throughout the country accept FSA dollars for LASIK procedures. Because Flexible Spending dollars are pre-tax dollars, patients receiving LASIK eye surgery can save anywhere from 20-30% on their bill. Minimizing LASIK eye surgery costs can be imperative for many individuals, as the procedure is not generally considered economical.
To find out if your FSA/HSA account allows you to spend contribution finds on procedures including LASIK, it is in your best interest to find out two things:
1. Find out if your account allows you to use the entire allotment within one month of your renewed enrollment year.
2. Figure out if you are given a brief "grace period" after your company's current enrollment year ends. If the answer is yes, leftover FSA funds may "roll over" into the new enrollment year.
In addition, be sure to communicate openly with your eye care doctor throughout a LASIK consultation. Find a reputable eye care specialist who willingly answers questions regarding technology and pricing, so you can eliminate hidden fees that boost your bill's charges post surgery. Find out more about LASIK eye surgery payment tips today, so you can apply FSA dollars tomorrow for improved vision.
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