Making LASIK Very Affordable
LASIK surgery is not inexpensive, but it makes a lot of financial sense. If you consider the cost of 10 years of soft contact lens wear for nearsightedness and astigmatism, including lens fitting, lens replacements, cleaning systems, etc., having LASIK laser vision correction has actually been calculated to be less expensive. After 10 years of contact lens wear, you have nothing to show for your investment, since you would still see poorly without glasses or contacts. After Laser Vision Correction, you would likely not need distance correction for the rest of your life. Choose one of our Washington DC LASIK specialists for a consultation as to whether or not LASIK would be right for you.
Nonetheless, for many people, finding the money to pay for Laser Vision Correction can be difficult. There are several ways of reducing your vision correction costs while maintaining quality care.
Flexible Spending Plans
One of the best ways to reduce your costs is a flexible spending health plan. Many employer health plans include flexible spending accounts that allow you to set aside pre-tax dollars for eligible (healthcare-related) expenses. Depending upon your income and tax bracket, this could save you as much as $2,000.
Contributions to these plans are made through automatic and regular deductions from your paychecks. Since the funds placed in the account are not taxed, they go much further in covering eligible medical expenses. Laser Vision Correction is an eligible expense, which means that your flexible benefits options can help you pay for the correction of your nearsightedness, farsightedness and/or astigmatism. For more information on this type of plan, consult with your health insurance benefits administrator.
Tax Deductible Medical Expenses
The IRS has ruled that Laser Vision Correction is a tax-deductible medical expense . Therefore, you may be eligible for income tax deductions associated with your Laser Vision Correction procedure. Please check with your accountant or the IRS for more information.
Financing on Credit Cards
Many patients have credit ratings which qualify them for credit cards that are either interest-free or have extremely low interest rates over the course of the first year. Some patients have paid for vision correction with this credit card and saved money over the course of that year to pay off the balance before they incur significant interest.
Home Equity Loans
The interest rate on home equity loans is generally relatively low. This is one way to borrow the money for your laser procedure without incurring high interest costs.
Other Financing Plans
For refractive surgery patients who would need to pay off their laser surgery costs over a long period of time, financing plans of varying interest rates are available through our Chevy Chase, Maryland, laser surgery office.