Pricing for LASIK procedures varies depending on the type of procedure, location, and your insurance provider. Generally, insurance companies have considered LASIK an electoral procedure and haven’t covered the operation. However, that is beginning to change in some vision insurance plans.
While LASIK can be purchased without insurance, you may be able to find a better price by enrolling in a vision insurance program. Several vision insurance plans offer discounted pricing on LASIK procedures. Most require you to visit a surgeon in-network or offer higher discounts on surgeons in their network.
FSA stands for Flexible Spending Account. An FSA is an account that allows you to set aside pre-tax dollars towards healthcare expenses. You can open an FSA through your employer if they offer the option, and contribute up to $2,750 in 2020. You can use your FSA to pay for LASIK surgery; however, there are a few things to consider.
A Health Savings Account is a tax-exempt bank account used to pay for certain out-of-pocket medical expenses. You must enroll in a high-deductible health insurance plan to qualify for an HSA. You may be able to open an account through your employer. Otherwise, you can sign up on your own if you are eligible for an HSA. According to the IRS, you can use HSA funds for LASIK because it is an eligible medical expense.