Does Health Insurance Cover LASIK Eye Surgery

1. Does Health Insurance Cover LASIK Eye Surgery? After being confirmed that you are a good candidate for LASIK eye surgery, your immediate consideration maybe about how you can afford the procedure. The most common question for many who are considering Laser Vision Corrective surgery: “Is LASIK covered by insurance”? Unfortunately, the answer is No. LASIK is considered an elective procedure and not generally covered by insurance plans. Elective procedures mean they are optional, but not medically necessary. However, there are ways to lower the costs and make LASIK eye surgery more affordable. Financing options are available to help cover the cost of LASIK laser eye surgery for patients based in the US. These options will make LASIK an eligible medical expense, which can be easily covered using your health savings account (HSA) or flexible spending account (FSA). LASIK Eye Surgery Financing Options As LASIK insurance coverage is rare, but it is important to know that some insurance plans and companies do provide partial coverage for LASIK surgery. Most of the laser vision centers offer affordable financing options with monthly payment plans that can be as low as $60 per month. If your laser vision center does not provide financing, you may be able to apply for credit from any LASIK financing company. Like with any loan, make sure to pay your payments on time, so as to avoid penalties. To get a better understanding, read below about HSA and FSA financing options for LASIK eye surgery. Health Savings Accounts - A Health Savings Account (HSA) is a tax-exempt trust or long- term savings plan, where you can save funds to cover qualified medical procedures. You need to meet certain requirements set forth by the IRS; to get enrolled for HAS and having a high-deductible health plan (HDHP) is an important step in qualifying. HSA is a good option if you want to save for the procedure and aren’t in a hurry to get LASIK because money put into an HSA rolls over year-to-year. If you’re interested in using an HSA to save for health-related expenses, it really helps to do your research and plan ahead.

2. Flexible Spending Accounts - A Flexible Spending Account (FSA) is a short-term savings plan for health care. It requires sponsorship from your employer and allows you to pay for certain medical expenses on a pre-tax basis. FSA is a good option if you would like to get LASIK right away because money put into an FSA is available immediately. FSAs can be used to cover eligible elective procedures like LASIK, along with other common health expenses. Just as with an HSA, using an FSA to cover health and medical expenses may be an easy option with good planning. In addition, premium LASIK providers help you pay for your procedure using HSA or FSA funds. All you need to do is to provide your health care debit card to the provider for one time. LASIK Financing at Columbus LASIK Vision At Columbus LASIK Vision, we work with many major visions insurance providers to offer LASIK savings and accept most insurance plans for full or partial reimbursement for laser eye surgery. The Columbus LASIK Vision team will work with you to make sure you are getting the most savings possible. Columbus LASIK Vision offer financing options for laser eye surgery patients based in the United States. We work with CareCredit, a credit card created specifically for healthcare needs that offers flexible financing terms and low-interest payments for patients. We also offer flexible financing programs with no interest or down payment for up to 24 months. If you have specific questions about LASIK insurance coverage or payment options, the Columbus LASIK Vision team is here to help you. Schedule your free LASIK consultation at Columbus LASIK Vision Center, and find the financing options for laser eye surgery that works for you!