Payment for laser vision correction can be made by check, cash, credit card. The procedure also can be financed using CareCredit.
FSA or HSA accounts, also known as flex plans, reimbursement accounts, tax savings medical spending accounts, and cafeteria plans, may also be utilized to pay for laser vision correction. The advantage of using such plans is that they can effectively reduce our income taxes. For a $4,000 LASIK procedure, you could end up saving anywhere between $1,500 and $2,280 in taxes depending upon your tax bracket. However, it is important to remember that many of these programs are on a “Use It or Lose It” basis. If you don’t use your flex spend dollars by year-end, you could lose the benefit.
Please check with your employer to see if they participate in a flexible savings or health savings account program and how much you have available.