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Around 90 percent of employees work for companies who offer a Flexible Spending Account (FSA, Flex Account) to help lower net
healthcare costs. FSAs allow you to use pretax income on medical expenses
not normally covered by medical insurance.
Use For Lasik
Lasik and similar refractive surgery qualify for FSA spending and is a great way to gain tax advantages for the elective surgery.
No Limits
No Federal dollar limits apply, but most employers set maximum
annual contribution level; usually around $5,000. Your employer
will deduct a contribution to your FSA from your pretax income with
each paycheck. You will decide how much.
Use It Or Lose It
The one major caveat to FSAs is the "use it or lose it" provision.
All of the FSA money set aside must be used during that same year.
If not used, it cannot be rolled over into the next year and you
actually lose the money. You'll need to do a little planning to
decide how much you want set aside from your paycheck to fund out-of-pocket
medical expenses. Talk with your employer's human resources department
about your company's FSA.
Looking For Best Lasik Surgeon?
If you are ready to choose a doctor to be evaluated for conventional
or custom wavefront Lasik, Bladeless Lasik, PRK, or any refractive surgery procedure, we recommend you consider a doctor who has been evaluated and certified by the USAEyes nonprofit organization.
Locate a USAEyes Evaluated & Certified Lasik Doctor.
Personalized Answers
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