How to Use Your FSA and HSA for LASIK Surgery and Vision Correction Near Bostonin Boston, MA
If you’re considering LASIK surgery to achieve clearer vision, your Flexible Spending Account (FSA) or Health Savings Account (HSA) can make this life-changing procedure more affordable. These tax-advantaged accounts are specifically designed to help with eligible medical expenses, and many patients are surprised to learn that vision correction options like LASIK qualify!
At Nielsen Eye Center, LASIK specialists near Boston, we’re here to guide you on how to maximize your FSA or HSA benefits for LASIK. Here’s everything you need to know:
What Are FSA and HSA Accounts?
FSA (Flexible Spending Account):
An FSA is a pre-tax account offered by many employers, allowing you to set aside funds for eligible medical expenses, including LASIK surgery. FSAs have a “use-it-or-lose-it” policy, meaning that funds typically expire at the end of the plan year, so it’s essential to plan ahead.
HSA (Health Savings Account):
An HSA is a tax-advantaged account designed for individuals with high-deductible health plans (HDHPs). Unlike FSAs, HSA funds roll over from year to year, making them a great option for both immediate and future medical expenses.
Why Use Your FSA or HSA for LASIK?
Utilizing your FSA or HSA can make LASIK significantly more affordable.
Here’s why:
- Eligible Procedures:
LASIK, PRK, EVO ICL, and Refractive/Clear Lens Exchange all qualify as LASIK procedure eligible expenses under both FSAs and HSAs. This means you can cover your LASIK or other vision correction options with pre-tax dollars. - Pre-Tax Savings:
One of the biggest benefits of using your FSA or HSA for LASIK is the tax savings. Using FSA or HSA funds means you’re paying for LASIK with pre-tax dollars, which could save you 20-30% on the overall cost. - Easy Reimbursement Process:
After your LASIK procedure, Nielsen Eye Center will provide you with detailed, itemized receipts. These receipts make it simple to file for reimbursement through your FSA or HSA, so you can quickly access your funds and enjoy your new, clear vision.
Nielsen Eye Center is conveniently located near Boston and throughout the South Shore with locations in Quincy, Norwood, Norwell, and Weymouth.
Maximize Your FSA Funds with LASIK
If you have an FSA, now is the perfect time to consider LASIK. With the “use-it-or-lose-it” policy, any remaining FSA funds may expire at the end of the year. By scheduling your LASIK procedure now, you can maximize your FSA dollars before they’re gone. Or, if you’re planning for LASIK next year, consider enrolling in an FSA during open enrollment to start saving tax-free for your procedure.
Flexible Financing Options for LASIK
We understand that affordability is important, and we want to make your vision correction journey as smooth as possible. That’s why we partner with CareCredit and PatientFi to offer flexible LASIK financing options. With our 24-month interest-free plan, you can choose a payment schedule that fits your budget.
Why LASIK is Life-Changing
Aside from the financial benefits, LASIK offers a host of lifestyle advantages that make it one of the most rewarding decisions for your health and convenience:
- Quick, Comfortable Procedure:
LASIK typically takes under 15 minutes for both eyes, with minimal downtime, so you can get back to your daily life quickly. - Freedom from Glasses and Contacts:
Imagine the ease of life without corrective eyewear. LASIK provides you the freedom to see clearly without glasses or contacts, making activities like swimming, traveling, and working out much more enjoyable. - Long-Term Savings:
LASIK is an investment in your future, potentially saving you money on glasses, contacts, and prescriptions over time.
Schedule Your Free Consultation Today!
At Nielsen Eye Center, we’re committed to helping you achieve clearer vision with the best options for your financial and lifestyle needs. Whether you’re ready to use your FSA or HSA for LASIK or want to explore financing, we’re here to answer any questions you have.
To learn more, schedule a free consultation with us today by calling 617-845-4111 or clicking the link below:
Start your journey toward clear vision with the added advantage of tax savings. We’re excited to help you take this important step!
Frequently Asked Questions (FAQs)
Can I use my FSA for LASIK surgery near Boston?
Yes, LASIK surgery is an eligible expense for Flexible Spending Accounts (FSA). Because FSA funds are pre-tax, using FSA funds for LASIK could save you 20-30% on the cost. However, remember that FSAs have a “use-it-or-lose-it” rule, so it’s essential to plan your procedure within the year.
How does an HSA work for LASIK expenses?
A Health Savings Account (HSA) allows you to save pre-tax dollars that roll over from year to year. LASIK qualifies as an eligible HSA expense, so using HSA funds for LASIK can help you save on taxes while covering your procedure cost.
What are the tax benefits of using FSA or HSA for LASIK?
Using either FSA or HSA for LASIK lets you pay with pre-tax dollars, which can reduce your taxable income and save you 20-30% on the procedure. This is a significant tax benefit for those looking to invest in their vision.
What vision correction options are eligible with FSA or HSA?
Besides LASIK, other vision correction options such as PRK, EVO ICL, and Refractive/Clear Lens Exchange are also eligible expenses under both FSAs and HSAs.
Does LASIK have financing options if I don’t have enough FSA or HSA funds?
Yes, we offer LASIK financing options through CareCredit and PatientFi. With flexible plans, including a 24-month interest-free option, you can easily afford LASIK while paying over time.
Can I schedule a consultation with a LASIK specialist near Boston?
Absolutely! Nielsen Eye Center, located near Boston, offers free LASIK consultations. Schedule an appointment with one of our top LASIK specialists today.
