Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs)
For our patients that have discovered the benefits of FSAs and HSAs, these are great ways to save up to 50% by using pre-tax dollars for your Woolfson LASIK procedure.
A Flexible Spending Account (FSA) is an employer-sponsored benefit that allows you to designate a portion of your paycheck to be used to pay for eligible medical expenses on a pre-tax basis. This program is designed for employees to cover medical expenses that won’t be paid by regular health insurance plans – just like LASIK.
Laser vision correction is an eligible FSA expense under
IRS guidelines, so depending on your
tax rate, using an FSA to pay all or part of your laser eye surgery could save you significantly. Speak with your company’s human resources department to find out more and to see if your company offers this type of plan.
A Health Savings Account (HSA) is a tax-deferred, interest-bearing savings account used to pay for unreimbursed heath care expenses. Unlike Flexible Spending Accounts (FSAs), the money in HSAs “roll over” from one year to the next and continue to accumulate year after year when not spent.
Just like FSAs, patients may use their HSAs to cover all or part of the cost of their Woolfson LASIK procedure. To find out more, including whether your employer offers an HSA option, speak with your company’s benefits manager.