While we’re saying goodbye to summer, we’re thinking of ways to wrap up 2019 on great terms. If you’ve been contributing to an FSA account, it’s time to ensure you’ve used all of your contributions by the end of the year. Did you know your FSA dollars will not roll over to 2020? If you still have money in your FSA account and you’ve been thinking about LASIK, now is the time to schedule your consultation!
An FSA (Flexible Spending Account) is a health care savings account that you contribute to from your income, pretax. You can use this money to pay for specific out-of-pocket medical expenses, like co-pays, flu shots, various over the counter medications, like cough suppressant, and certain cosmetic procedures.
Because insurance companies normally view laser eye surgery as a ‘cosmetic’ procedure, it is necessary to pay out-of-pocket for vision correction. There are many ways to pay for LASIK, but the best way is to use tax-free dollars in a Flexible Spending Account (FSA) or Health Savings Accounts (HSA) to cover the cost of LASIK eye surgery.
Unlike HSA dollars, FSA dollars typically do not roll over, or if they do, it is only for a few months. These funds are time-sensitive! Use them or lose them! Any contributions you put toward your FSA account must typically be spent by the close of your employer’s next enrollment period. With that said, now is the time to ensure you’ve used all of your FSA dollars for 2019.
FSA and HSA money is collected from your paycheck before tax deductions, so every dollar of your health savings is exempt from payroll taxes. By using flexible spending dollars to cover your LASIK cost, you can save up to 30% on their eye surgery.
Have you been thinking about having LASIK? If you still have funds in your Flexible Spending Account, now is the time to book your consultation, so you can have your LASIK done before the end of the year! Make sure you don’t lose the money you have already contributed to your FSA!
Are you ready to save up to 30% on your LASIK cost by using your FSA or HSA dollars? If you’re nodding your head, then schedule your free LASIK consultation today with Dr. Mozayeni at Providence Eye & Laser Specialists. This will be the first step to having 20/20 vision in 2020!