Do you wear glasses or contacts? If so, chances are you’ve thought about LASIK. LASIK (laser-assisted in situ keratomileusis) is the most common form of laser eye surgery used to treat nearsightedness, farsightedness and astigmatism. The procedure reshapes the cornea to enable light to be properly focused onto the retina, creating clearer vision.
Sounds great, right? But what about the cost? The average cost of LASIK in the U.S. in 2017 was $2,088 per eye. And the actual price can vary based on the surgeon and type of technology used for the procedure. But don’t fret – there are options.
LASIK and other vision correction surgeries are typically excluded from medical insurance plans because they are considered elective — medically unnecessary surgeries. However, some employers have arrangements with surgery centers for special prices for their employees. Some larger employers also offer subsidized health plans that cover part of LASIK costs.
Another option to pay for your LASIK is to use a Flexible Spending Account (FSA) or Health Savings Account (HSA). For an FSA, you can divert a pre-tax portion of your salary into the account, which you can use to pay for health costs such as LASIK. Similarly, tax-free contributions to an HSA can also be used toward LASIK. Consult the IRS for annual maximum contribution amounts and accepted services under both accounts.
Though LASIK has a higher cost out of pocket, you may have options. And you could save money in the long run – say goodbye to glasses and contacts!
Content by Lockton Dunning Benefits with info from: https://www.allaboutvision.com/visionsurgery/cost.htm