Is LASIK an FSA eligible expense?
Every once in a while, customers wonder if they can use their Flexible Spending Accounts (FSAs) for LASIK surgery. In short, the answer is yes.
LASIK Surgery is FSA Eligible
You can pay for your laser vision correction with either a Flexible Spending Account or Health Savings Account. Before you go ahead and set aside money for LASIK for the year, remember that 20-30% of people who want LASIK cannot have it done for medical reasons.
Depending on where you get your surgery done, the pricing may be low enough to be covered entirely by your eligible pre-tax spending account. See if you can find out the exact cost for your procedure to figure out the most effective way to use your FSA or HSA to pay for LASIK.
Ask the practice for a receipt of your FSA expense for the LASIK procedure and submit it to your FSA/HSA administrator for reimbursement. Under the FSA "use it or lose it" rule, you can use your remaining FSA balance to fund a portion of your LASIK eye surgery procedure rather than losing that money.
LASIK Surgery Explained and Payment with Flexible Spending Accounts
LASIK eye surgery is done to correct nearsightedness, farsightedness, and astigmatism in the eyes. It's a commonly performed surgery that is short (only several minutes per eye) and painless. The goal is to eliminate the need for eyeglass or contact lenses, saving money and hassle in the long run.
Your LASIK doctor will perform a dilated eye exam to measure things like the shape and thickness of your cornea, pupil size, refractive errors, and general health to ensure you are the right candidate for LASIK.
How the LASIK surgery actually works:
During the LASIK procedure, a specially trained eye surgeon creates a precise and thin incision on your cornea. The excimer laser then reshapes the cornea in a unique pre-specified pattern for each patient The cornea is reshaped to allow light entering the eye to be focused on the proper part of the retina to obtain clearer vision.
Since contact lenses alter the natural shape of your eye, you will be asked to stop wearing contacts for a specified period of time prior to your surgery date.
Traditional vs Custom Procedure
With the Traditional Laser eye procedure, a patient's prescription is measured using the same methods that would determine their prescription for glasses and contacts. With the Custom Wavefront Laser procedure, a comprehensive map of the patient's eye is used to guide the procedure.
Traditional procedures are effective for treating lower-order irregularities like myopia, astigmatism and hyperopia. Custom procedures help treat lower-order aberrations as well as higher-order aberrations such as halos, glare and starbursts.
Awaiting LASIK or still doing research on it and want to shop for eye care instead?
You can buy a variety of eye care products at FSA Store, including contact lens solution, prescription eyeglasses and even contact lenses!