Do you have a Health Savings Account or Flex Spending Account? If so, did you know that both of these accounts are tax-free, employer-sponsored benefits that enable you to pay for qualified medical expenses? One of the greatest ways to utilize these funds is to pay for Laser Vision Correction. Laser Vision Correction, such as LASIK, is considered to be an elective cosmetic surgery; therefore, it is rarely covered by insurance.
Not only do these accounts cover vision, they also cover medical and dental expenses, such as health insurance co-pays and specific treatments not covered by insurance. Under both plans, it is important to put aside the correct amount of money for the upcoming year. It is also important to understand that if you have a Flex Spending account and do not use the funds by the plan year end, these funds are lost. The main difference between the two accounts is that a Flex Spending Account is a plan created for reimbursement while a Health Savings Account is considered to be a trust or a custodial account.
Have you been considering vision correction? There’s no better time than the start of a new year to begin planning your vision correction surgery. Contact our LASIK Coordinator today by calling 502-589-1500 to schedule your FREE, no obligation consultation to determine which vision correction procedure is right for you.