How to Use FSA and HSA Funds for LASIK

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Key Takeaways

Navigating the financial aspects of LASIK and PRK surgery, as well as other refractive procedures can be complex, but utilizing Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) can make it more accessible. At San Antonio Eye Specialists, we understand the importance of making informed financial decisions regarding your eye care. In this blog post, we aim to guide you through the process of using your FSA and HSA funds for LASIK, PRK, and other refractive eye procedures ensuring you can make the most of these valuable resources.

Understanding FSA and HSA

Before diving into how to use these accounts for LASIK, let’s define what they are:

Flexible Spending Accounts (FSA)

FSAs are employer-established benefit plans. They allow you to set aside pre-tax dollars for medical expenses, including LASIK. Remember, FSA funds are typically subject to the “use it or lose it” rule, meaning you need to use your funds within the plan year.

Health Savings Accounts (HSA)

HSAs are available to individuals with high-deductible health plans. They also involve setting aside money pre-tax for qualified medical expenses, including LASIK. Unlike FSAs, the funds in an HSA roll over from year to year if they are not spent.

Using FSA/HSA to Pay for LASIK, PRK, and other Refractive Services

Check Your Plan Details

First, confirm with your FSA or HSA administrator that the eye procedure you are interested in is a covered expense under your plan. Most plans do include LASIK and PRK as qualifying medical expenses, but it‘s best to verify.

Determine Your Contribution

Calculate how much money you need for the surgery and plan your contributions accordingly. For FSAs, remember to consider the annual limit and the use-it-or-lose-it rule.

Schedule a Consultation

Before committing your funds, schedule a consultation with our surgical counselors at San Antonio Eye Specialists. We will assess your eligibility for LASIK PRK and other elective services and discuss the procedure details, including cost.

Plan Your Procedure

If you decide to proceed with your recommended treatment, plan, and corresponding eye procedures, we will discuss all costs associated and we will be able to process your payment before the year's end.   Keep in mind the timing of your FSA or HSA contributions and the expiration of your FSA funds, if applicable.

Making Payments

We collect payment before any surgical procedure on your dedicated FSA/HSA credit card.  Some patients also pay on a regular credit card and receive an itemized receipt from our practice to later submit t and get reimbursed from their  FSA/HSA account.

Benefits of Using FSA/HSA for LASIK

Tax Advantages

Both FSAs and HSAs offer tax benefits, either reducing your taxable income or allowing you to pay for the surgery with pre-tax dollars, effectively reducing the overall cost.

Budget Management

These accounts can help you manage your budget for medical expenses, allowing you to plan for your LASIK surgery financially.

Enhancing Life Quality

Using these funds for LASIK can be a wise investment in your quality of life and visual health, offering a long-term solution to your vision correction needs.

For LASIK in San Antonio, Trust San Antonio Eye Specialists

LASIK, PRK, and other refractive procedures are life-changing procedures that help reduce ongoing, recurring expenses such as purchases for glasses and contacts. , At San Antonio Eye Specialists, it is our genuine commitment and privilege to provide  exceptional eye care and assist you in every step of your journey toward visual freedom from glasses and contacts, including navigating your payment options.

For more information or to schedule a consultation, contact San Antonio Eye Specialists. Let’s explore how we can help you achieve a clearer vision in a financially savvy way. For your eyes… Don’t compromise! 

Frequently Asked Questions