Flexible Spending Accounts Can Make Laser Vision Correction Even More Affordable
Save up to 50% on laser vision correction
Thousands of companies now offer their employees this versatile – yet underutilized – benefit, sometimes referred to as a “flex plan” or “cafeteria plan.” An FSA can save you hundreds of dollars on medical bills and can often be used to pay for laser vision correction. Depending on your tax bracket, using an FSA to pay for vision correction could save you up to 50 percent.
How it works
Money set aside in an FSA escapes both federal and state income tax and also Social Security tax. The Federal Government sets a limit to the amount you can contribute to an FSA. Many comapanies also have a limit to the amount you can contribute.
FSAs are not just a savings account. They save you money by decreasing the amount of taxes you pay. Generally the higher your tax bracket, the more you save.
How to enroll in an FSA
Check with your benefits manager at work to find out if FSAs are offered by your company. Employers open enrollment for FSAs only once per year. Check with your benefits manager to find out about your enrollment period. We strongly suggest checking with your benefit manager about any program restrictions prior to enrollment.
On the application, you’ll need to decide how much of your salary you want deducted from each paycheck. This money will be deposited in your health care FSA. Most companies allow you to spend the money any time during the year, even when it has not fully accumulated in your account.
What to do now
If you’re thinking of setting aside money in an FSA so that you can save up to 50 percent on laser vision correction, schedule an appointment now to find out if you’re a candidate for the procedure. With FSA’s and our affordable payment plans, laser vision correction will never be more affordable!