Is there anything left in your FSA that you need to spend before the year ends? You could be making one of the best choices of your life by putting them towards an eye surgery with LASIK.
It’s natural to assume that many people will be rushing to use their flex bucks before the end of the year. Many people this time of year worry that they won’t be able to spend their flex bucks before the end of the year.
You could be using them for LASIK eye surgery, eye exams, contacts, and more and not even realise it! Do you long for the day when you can finally throw away your reading glasses and contact lenses?
Find out once and for all if you are a good LASIK eye surgery candidate now. Read on to learn why you shouldn’t waste your flexible spending money on anything but LASIK vision correction.
What is the FSA?
Your company may include a flexible spending account (FSA) as part of your benefits package if it believes it will be useful in covering medical costs you incur. You put in a certain percentage of your pay each month. When necessary, this sum can be used to pay a wide variety of incidental expenses.
The money you put away in this account is pre-tax or tax-advantaged, making it unique from other types of savings vehicles. Income and payroll taxes are avoided while using tax-deferred investments.
Your money will go further after paying less in taxes. Since most FSA balances expire at the beginning of the new year, now is a good opportunity to check how much money you have left in your FSA.
At this time, your flex spending account will be reset and any remaining funds will be returned to your employer unless an exemption applies. You will lose them if you don’t use them for something like the laser eye treatment by the end of the year; they won’t carry over.
FSA and HSA
While both the FSA and the HSA offer tax advantages, they are not the same thing. The primary distinction is that HSAs offer greater adaptability than FSAs.
A Health Savings Account is a portable savings account. Your health savings account (HSA) is yours completely separate from your employer. Since an FSA is the property of your employer, you cannot take it with you if you leave your current position.
Additionally, the maximum annual contributions to each account type vary widely. These restrictions were just been revised. The maximum contribution to an FSA in 2019 is $2,850. In 2019, a single HSA contributor can put away up to $3,650, while a family can put away up to $7,300. (For a family).
The primary difference between an HSA and an FSA is that unused HSA savings carry over from year to year. If you want to keep your money safe, you need to know what kind of account you have.
Having your eyes checked with your Flex dollars; is it possible?
The thought of using your flex spending money on something as frivolous as eye care would never occur to you. However, you can count the cost of LASIK eye exams and glasses against your medical flex spending account maximum.
Surgery for cataracts and laser eye treatment are included in this category. Financing a larger expense like eye surgery using LASIK through an FSA is growing in popularity since it enables patients to improve their vision and their financial situation at the same time.
And this extends far beyond LASIK eye and similar surgeries. It’s possible that you’ll have to pay quite a few bills yourself this year.
Using your FSA account can be helpful. Spend your flex bucks on everything from prescription eyewear and eye drops to contact lenses and cleaning solutions.
Using your flex spending account for vision care is a great approach to maximise their value. In the end, you’ll be happy you did.
Why is Now a Fantastic Time to Have Eye Surgery With LASIK?
Now is a fantastic time to have an eye surgery using LASIK, however it’s always a good idea. It’s a calm period before the storm of the holiday season, one of the year’s most thrilling and hectic periods.
If you expect your time to fill up quickly, it may be prudent to have LASIK eye surgery immediately. If you get LASIK surgery, you won’t have to spend as much time caring for your glasses or contacts.
Imagine what you could accomplish if you had an extra fifteen minutes in the morning. When you have eye surgery on LASIK, you can say goodbye to rushing to put in your contacts or fumble around for your glasses every morning.
How would you want to wake up every day with perfect vision? After all, who wouldn’t desire better eyesight to help them have a more joyful holiday season?
There is so much to view during the holidays, from decorations on a tree to lights throughout the neighbourhood. Thanks to LASIK vision correction, everything is sharper than before.
While it’s understandable to want to save money during the holidays, putting off eye care needs until the new year is not a good idea. You may get LASIK surgery without breaking the bank by using funds from your FSA. The cost of your surgery may be reduced by several thousand dollars!
Furthermore, LASIK surgery will save you money in the long run because you won’t have to pay for recurring expenses like glasses, contacts, cleaning solution, and other such items.
It’s never too early to plan ahead, and if you get LASIK eye treatment now, you’ll be in fine form for the upcoming spring allergy season. Wearing contacts while experiencing seasonal allergies is a surefire recipe for misery.
Getting LASIK laser eye treatment will help alleviate discomfort and free you up to enjoy more of spring because you won’t be rubbing your eyes constantly. Furthermore, you will be completely healed before engaging in any of your preferred summer activities.
Improved vision is typically noticed within a week or two following eye surgery with LASIK, with patients reaching their maximum visual acuity within a month or two. That way, you won’t have to rush your recuperation and miss out on the summer of the following year when you finally get to see clearly again.
Want to use your LASIK flex bucks to correct blurred vision? To find out if you are a good candidate for LASIK eye surgery, contact Personal Eyes today to schedule a consultation.
If you are having any question or inquiry about how to have a correct vision, Laser eye surgery, Corneal tissue problems, Lasik surgery, laser beam in healing process, excimer laser usage, refractive eye surgery, laser treatment, laser suite, contact sports, the surgical procedure for refractive surgery or Lasik laser eye surgery – you should get in touch with us via our Personal Eyes website to book your free assessment today.