If you have always wanted to upgrade your eyesight with LASIK but have hesitated because of the cost, there may be a solution that you have yet to consider. Your existing FSA and HSA funds can be applied to the cost of having LASIK. In this blog, the team at Clarity Eye Group explains how FSA and HSA works, and how they can save you money on refractive surgery.  

What Are FSA and has Accounts?

An FSA, which stands for flexible spending account, is an account that allows you to set aside non-taxed money for healthcare expenses. This money is earmarked for out-of-pocket medical expenses. People must set up these accounts through their employer, with money coming out as part of a payroll deduction.

An HSA, or health savings account, is like an FSA in that it saves money for health expenses pre-tax. The main distinction is that it is set up by an individual or household rather than through an employer. Also, the money contributed to an HSA can roll over year to year.

FSA and HSA accounts do have certain limitations. The most an employee can contribute to an FSA in 2022 is $2,850. This year, the HSA cap is $3,650 for an individual or $7,300 for a family.

Many of Our Patients Use These Funds

FSA and HSA money is a popular way to pay for LASIK at Clarity Eye Group. Even though LASIK is an elective procedure, it still qualifies as a medical expense. Using these funds can translate to significant savings for the procedure since the money was not previously taxed.

People who have an FSA have extra incentive since FSA money is use-it-or-lose-it. If you find yourself with a lot of funds left to spend, particularly toward the end of the year, that may be the best time to finally visit for a LASIK consultation.

If the idea of using FSA and HSA funds to help make LASIK more affordable is appealing to you, you can also start planning by opening one of these accounts and accumulating money that can be applied toward LASIK.

Visit Clarity Eye Group for LASIK

Serving Orange County (and the Huntington Beach, Newport Beach and Costa Mesa communities), Clarity Eye Group is the most trusted provider of LASIK in southern California. Dr. Antoine Fahd is considered a top expert in the field of refractive surgery and has performed over 70,000 successful LASIK surgeries. With precise technique and the latest technology, he is someone you can trust to provide you with long-lasting, quality vision that dramatically reduces your need for prescription eyewear. To learn more about LASIK surgery, pricing and how you can pay for it using FSA and/or HSA funds, please schedule a consultation by calling (714) 842-0651.