Many patients would like to undergo LASIK surgery to free them from their dependence on glasses and contact lenses. LASIK patients can experience clear vision at all distances without the need for visual aids. However, there is one major factor that prevents or deters patients from undergoing treatment: the cost of LASIK surgery. Although the lifetime cost of glasses and contact lenses will probably exceed that of LASIK, their low one-time cost makes it easy for patients to afford these vision aids. Patients who do not have enough money in their bank accounts to pay for the full cost of LASIK simply assume that they can’t undergo treatment. However, there are many payment options that these patients can use to cover the costs of LASIK. In this blog post, the team at Holcomb Laser Center reviews the many payment options that are available to LASIK patients.
An FSA is a Flexible Spending Account that is offered by employers. If you are planning to undergo LASIK surgery in the next 12 months, ask your employer if they offer an FSA. Over the course of the next few months, you can divert a portion of your pre-taxed income into the FSA and use the money saved in this account to pay for medical expenses such as LASIK. For the year 2014, employees can put up to $2,500 into their FSA. Since the income that goes into the FSA is not taxed, this method can save patients a significant amount. For example, if your income were taxed at a rate of 25 percent, you would be able to earn an additional $625 toward your LASIK surgery by opening an FSA and diverting $2,500 into it. However, it is important to note that these funds must be used within a 12-month period (unless the employer offers a rollover or grace period) on eligible medical expenses.
CareCredit is a trusted health care financing company that thousands of LASIK patients have used to help them pay for surgery. Patients can apply for financing online. If they are approved, they will be given a choice of financing options. If the patient has good credit, they are likely eligible for a no-interest financing plan. To qualify for a no-interest plan, patients must make all payments on time and within the designated timeframe. In addition, CareCredit offers various low-interest financing plans to qualified applicants.
If you have a credit card with a low-interest rate, or have applied for a card that offers a period of no interest, you may want to take advantage of it and use it to pay for LASIK surgery. However, before choosing to pay for surgery with a credit card, be sure to review all of the terms and conditions. Find out how long the period of no or low interest lasts, and find out what types of penalties (such as a late payment) will cause the interest rate to increase. Holcomb Laser Center accepts all major credit cards.
Other Payment Options
Patients can also pay for the cost of LASIK in cash or with a personal check. During your initial consultation, we will provide you with an accurate price quote so you can be prepared to pay for the cost of treatment during your surgical appointment.
To schedule a LASIK consultation, contact our practice today.