Yes. With a tax-free Flexible Spending Account (FSA) or Health Savings Account (HSA), you can pay for your laser vision correction with pre-tax dollars, which could mean a 20-30% discount for those who are eligible.
Employer flexible spending accounts are a popular way to reduce how much LASIK costs. Participating employees are able to set aside pre-tax dollars for LASIK surgery and other approved medical expenses. Depending on income level, you can save up to $2,000 a year with certain healthcare savings accounts. Remember, most flexible spending accounts and health savings accounts don’t roll over the following year. Be sure to plan and prepare so you don’t lose your contributions.
Flex Plan Benefits
Tips for Using FSA or HSA on LASIK Surgery
- Be sure to check with your HR department for deadlines in enrollment.
- Find out if you are a candidate for laser eye correction before you transfer money into a medical savings account.
- Ask questions. At Providence Eye & Laser Specialists, our staff and doctors are ready to help find answers your questions so you can take full advantage of your FSA or HSA.
Don’t have a HSA or FSA account? LASIK is still considered a tax-deductible expense. Read our post and supporting links about LASIK Surgery as a tax deduction.