Unfortunately, LASIK is considered an elective procedure by (most) insurance companies. While it’s important to be able to see clearly, a life of contacts and glasses isn’t for everyone. Today, we’re sharing some ways to pay for LASIK so you’re able to enjoy more freedom.
First Things First
Before making any decision regarding financial arrangements, we recommend scheduling your complimentary consultation. Not only does it help us to determine whether or not you’re a candidate for LASIK, it helps you to understand the financial obligations. Part of the consultation goes over those requirements so there are no surprises on the day of the procedure.
This is the simplest way…and sometimes the most difficult. EyeLASIK accepts cash and credit cards. Some people have been saving for a while and have liquid funds to pay for LASIK upfront. However, if you don’t have enough saved up, don’t get discouraged. There are other ways to pay for LASIK.
We Offer Financing!
EyeLASIK works with CareCredit, a reputable medical financing company. CareCredit offers affordable financing rates and allows patients to pay over time. However, please be advised that they are completely independent of EyeLASIK. Their offers are subject to credit approval. For additional information about CareCredit, please click here.
Though it’s inadvisable to ask for loans from family members, it might be a feasible option for some patients. Additionally, qualified candidates may consider talking to their personal banker regarding a personal loan.
Health Savings Accounts
As per the 2017 guidelines, many flexible spending account (FSA) or health savings account (HSA) insurance plans consider LASIK an allowable procedure. However, be sure to check with your insurance company to confirm this. It’s a great way to utilize those insurance savings accounts.
Are you still interested in finding out more about LASIK? Our consultations won’t make a dent in your savings account. They’re completely free of charge. Schedule yours today!
“Can I use my HSA for LASIK?” This is a question we receive pretty regularly. With the end of the year looming, it’s one we’ve been getting more frequently, as well. Today, we’re going to explain whether or not your health savings account can be used for LASIK.
The History Of The HSA
In 2003, health savings accounts (or HSA’s) were created as part of the Medicare Prescription Drug, Improvement, and Modernization Act. As a high-deductible form of insurance, HSA’s have no-copays and the deductible must be met “before insurance kicks in”. This means is that initial cost is higher, as in the patient must pay the entire deductible upfront.
Where’s The Incentive?
We’re glad you asked. Unlike other insurance plans, health savings account plans are tax-deductible. Additionally, the plan allows you to open a medical-use-only savings account, to which both you and your employer can contribute. Whether you use your insurance or not, you’re able to create a savings account. This option is great for a rainy day or elective procedures, like LASIK.
Woohoo! So I Can Use My HSA For LASIK?
You bet! Current HSA guidelines allow you to use the money you’ve saved up on certain elective procedures, including LASIK. Isn’t that exciting? Considering how much you can save on contact lenses and glasses over a lifetime, this is an excellent chance to save money when you get LASIK.
2017 Contribution Guidelines
If you have questions, be sure to ask your insurance carrier and a member of the EyeLASIK staff. However, we recommend that you set up a complimentary consultation first. If you’re interested in saving up for LASIK using your employee insurance plan, a health savings account might be for you!
Healthcare insurance is great and now is that time of the year where most companies begin the renewal process! It covers a variety of issues, from annual check-ups to major medical expenses. One type of plan, a health savings account (or HSA), is essentially a pre-tax savings account with the sole purpose of providing an additional cushion for medical expenses.
HSA’s were created in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act. An HSA is considered a high deductible plan. The cost is higher up-front, as in the patient is required to meet the deductible in full before benefits begin and there is no-copay. However, these plans are great for tax deductions and you get the benefit of saving money for medical expenses, whether they be routine or unexpected.
Current guidelines allow employees and, in some cases, employers to make contributions to employee savings accounts, with a maximum annual 2015 contribution of $3,350 for individuals and $6,650 for families.
2015/2016 HSA IRS Contribution Limits
So how does this apply to you and Eye LASIK? We have great news for you! HSA guidelines allow for medical expenses which include some elective procedures, including the LASIK procedure. This is really exciting, considering how much you can save on contact lenses and glasses over a lifetime.
Eye LASIK encourages you to discuss plan options with your employer representative whenever you renew your insurance, especially if you’ve been considering a procedure that isn’t normally covered under “normal” insurance guidelines. Our staff is trained to help you navigate utilizing your HSA “nest egg” to maximize your benefits. HSA plans are a great way to start saving for your LASIK procedure. We are here to help answer any questions…call us today!
When considering any elective procedure, most people research the success rate of the procedure they are considering. They look into the risks and benefits associated, both short and long term. In general, they want to know if the surgery is worth having. One important factor of determining if a surgery is “worth it,” is the success rate. Wondering what the LASIK success rate is? Trying to determine in LASIK is “worth it?” Read on.
According to the American Society of Cataract and Refractive Surgery, LASIK has a 96% success rate, meaning 96% of patients achieve 20/20 vision or better.
LASIK Success Rate
Remarkable, isn’t it? A 96% LASIK success rate!
So, in short, yes, LASIK is “worth it.” Your chances are very good that you will be in that 96%, achieving 20/20 (or better) vision.
Of course, every life changing procedure comes with risks. To find out more, check out our blog, Common LASIK Concerns. Be aware also, that even though LASIK is consider to be a “permanent procedure that corrects vision problems,” some patients have to wear reading glasses as their eyes age. Even still, LASIK is definitely worth it.
What Are You Waiting For?
So, what are you waiting for? Be a member of that 96%! We can assure you that you won’t regret it. In fact, the only thing you will regret is not doing it sooner! How do you get started? Start your path to clear vision by requesting a FREE initial consultation with us! We will qualify you for LASIK, tell you more about the procedure itself and discuss financing options. We would love for you to experience this summer in LASIK vision! Request a consultation here.
You know you want LASIK. You’ve heard all the great reviews, you know how easy and quick the procedure itself is, and most importantly, you know the results are life changing. For you, LASIK means freedom and convenience, 2 things you certainly don’t have by wearing glasses or contacts. However, paying for LASIK is the only think holding you back. We understand that cost is a primary concern when considering LASIK. Today, we’re going to discuss your options when it comes to paying for LASIK.
If you have a tax-free Flexible Spending Account (FSA) or Health Savings Account (HSA), you can use those pre-tax dollars when paying for LASIK! Contribute to your HSA until you reach a certain limit set by the IRS. Contact your HSA company to find out what this limit is, as it is dependent on the plan. You can spend the money in your HSA on anything you wish after age 65 and you will pay normal income taxes on that purchase. Before age 65, if you spend the money on a non-eligible medical expense, you will pay taxes plus a 20% penalty on that purchase. But remember, most of the FSAs and HSAs don’t roll over the following year, so don’t lose your contributions.
Even if you don’t have a FSA or HSA, LASIK surgery qualifies for a state and federal tax write-off because the IRS considers laser eye surgery to “meaningfully promote proper function of the body.”
Wondering how to pay for LASIK? You have options.
At Eye LASIK Midland, we offer affordable payment options, including interest free financing. We use North America’s leading patient financing program, CareCredit. CareCredit lets you begin your procedure immediately, and pay for it over time with monthly payments that fit easily into your monthly budget. CareCredit offers special financing on purchase of $200 or more (subject to credit approval and minimum monthly payment requirements) for healthcare procedures not commonly covered by insurance, including LASIK and Premium-IOLs.
See Clearer In No Time
As you can see, you have options when it comes to paying for LASIK. At Eye LASIK Midland, we don’t want financial considerations to be an obstacle in obtaining the vision you deserve. Call us today to discuss your financing options or request a FREE consultation HERE. See clearer in no time. Get on the path to clear vision TODAY.
LASIK surgery is one of the most popular elective procedures in the United States. Not only does it approve a person’s appearance, but it improves the function of one of the body’s most important organs, the eyes. However, people often turn away after they learn about the cost of LASIK. Initially, LASIK cost IS off-putting. But before turning away, people should consider the SAVINGS that LASIK cost can bring!
The Savings LASIK Cost Brings
What LASIK cost SAVES you.
Corrective Eyewear Costs-After LASIK surgery, you will no longer need to pay for prescriptions for contacts or glasses, new frames, solution, cases and the additional doctor visits necessary for corrective eyewear.
Time-Time is one of the most valuable elements we have. How much is your time worth? Appointments, wait time at pharmacies, putting in and taking out contacts (or finding your glasses) are all time killers that can be eliminated with LASIK surgery!
Comfort-Those who wear contact lenses can relate to the itching and burning that prolonged contact use can bring. This discomfort can lead to various eye infections and abrasions. There is NO need for discomfort with the comfort LASIK brings.
Freedom-With LASIK comes freedom from contacts or glasses. No longer do you have to sit out of sports activities or swimming because of your corrective eyewear.
Pays For Itself
LASIK surgery is a large investment. But remember, the surgery pays for itself in the form of cost savings. We challenge you. Determine how much money you spend per year on contact prescriptions, new lenses and frames, solution, doctor visits for corrective eyewear, etc. More than likely, LASIK cost will pay for itself within a couple of years (if not less!)
So, find out if LASIK surgery is the best, cost effective, option for you (most likely it is!) What’s the best way to do this? With a FREE consultation from Eye LASIK Midland! Doesn’t get more cost effective than FREE! Request one HERE. We’ll discuss your individual approach to LASIK as well as payment and financing options.