3 Ways To Make It Easier To Pay For LASIK

July 16th, 2020

It’s easy to see why millions of people have already chosen to go through with LASIK. LASIK provides an immediate boost to your quality of life because you no longer need to rely on glasses.

But even if you want LASIK and are a good candidate for the procedure, the price of LASIK makes people hesitate. At around $2,000 per eye, the price of LASIK is not workable for everyone.

It is expensive for good reason, of course. You’re paying for high-quality service, expertise, and state-of-the-art tech.

This lets you achieve the best results with minimal risk. Not sure you can make LASIK fit into your budget? It is possible! Keep reading for 3 ways you can make it easier to pay for LASIK!

1. Payment Plans

The most obvious first step to managing something expensive like LASIK is to set up a payment plan. By breaking down the total cost into several smaller installments, you won’t have to pay all at once.

This will give you flexibility in your budget, allowing you to pay off the surgery over many months. Talk with your surgeon to find out about their in-house payment options to see what works best for you.

2. Tax Deductions

Depending on your filing status, LASIK may be a tax-deductible expense. This is based on your income before taxes, as well as your medical spending.

Not everyone qualifies for this tax deduction, so consult a professional before banking on this idea. If you can’t use LASIK as a tax deduction, you may be able to try another idea instead.

3. Flexible Spending Accounts vs. Health Savings Accounts

LASIK is generally not covered by insurance as it is an elective procedure. But you may be able to get discounts through your place of work or medical plan.

Flexible spending accounts and health savings accounts both allow you to set aside money to spend on certain expenses such as LASIK. The money you use through these accounts is not subject to tax. This means you will essentially be saving a percentage equal to your tax bracket.

There are some things you should note about these accounts, especially with flexible spending accounts. Usually, FSAs are capped at a certain amount per year.

This means you may not be able to pay for the full procedure through your FSA. More importantly, FSAs do not roll over to the next year.

Any money left in the account at the end of the period may be forfeited. Make sure to plan accordingly if you are thinking of using one. Talk with your employer to learn more about your plan if you are offered it.

Health savings accounts are generally much more flexible. The money will roll over, allowing you to save up over longer periods of time.

But HSAs are generally reserved for people with higher deductible plans. Make sure this is something that you qualify for. Check with your employer to see if they will contribute to your HSA, as some will.

LASIK carries a hefty price, but it’s all about investing in yourself. If you can fit it into your budget, it’s more than worth it!

Figured out a way to afford LASIK without going over budget? Schedule a LASIK consultation at the Laser Eye Center in Huntsville, AL today!

Why not achieve visual freedom and say goodbye to glasses and contacts for good?