Are you ready to trade glasses or contact lenses for the freedom of LASIK vision correction but not sure about your options for paying for it? If your employer offers a Flex Plan or a Flexible Spending Account (FSA), consider using it for LASIK surgery.
Flex Plan Specifics
A Flex Plan allows employees to set aside a portion of their earnings to pay for qualified expenses, most commonly for medical or related expenses. Money deducted from an employee’s pay into an FSA is not subject to payroll taxes. With an FSA, you can put part of your pre-tax earnings into this short-term, tax-free health savings account and use it for non-reimbursable medical expenses such as LASIK. Depending on your annual income, using this plan may help you save up to $2,500 on your LASIK procedure while lowering your taxable income. Sounds like a win-win, doesn’t it?
Most Flex Plans have strict use terms so you will want to check on the specific terms of your plan. Your employee benefits department should be able to answer any questions you may have regarding your FSA. If you’re considering LASIK surgery, now may be the perfect time to look into it using your Flex Plan funds.
Step-by-Step Savings for Flex Plans
- Schedule a free LASIK Consultation at Tidewater Eye Centers to determine if you are a candidate for LASIK.
- Determine the deadline for your company’s open enrollment to sign up for a Flexible Spending Account.
- After your examination, your surgeon will determine the cost of the best LASIK procedure for you, so you’ll know how much to set aside in your account.
The experienced eye surgeons at Tidewater Eye Centers in Virginia Beach utilize the latest technology and offer the safest, most effective laser vision correction techniques. Placing your satisfaction as our top priority, we work to ensure you are provided with information about all of your options, empowering you to make informed decisions about your vision care.