If you have a tax-free Flexible Spending Account (FSA) or Health Savings Account (HSA), you can use those pre-tax dollars to pay for your LASIK surgery! However, most of the FSAs and HSAs don’t roll over the following year, so don’t lose your contributions!
How do you maximize those pre-tax dollars to pay for your LASIK surgery?
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.
Tax Deduction
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.”
Additional HSA Note…
Remember, 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.
You CAN Afford Eye LASIK Surgery
CareCredit is the credit card exclusively for healthcare services. CareCredit lets you begin your procedure immediately, then pay for it over time with monthly payments that fit easily into your monthly budget.
Find out how to pay for your LASIK surgery.
Whether you’re considering LASIK, need cataract surgery, or it’s simply time for new glasses or contacts, CareCredit can help you see clearer, sooner. CareCredit offers special financing on purchase of $200 or more for healthcare procedures not commonly covered by insurance.
Calculate your LASIK surgery payments with our payment calculator!
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.