Fort Lauderdale Laser Eye Surgeon Says LASIK Procedure More Affordable Than Some May Think

The most recent study from the American Academy of Ophthalmology (AAO) reports that Americans spend over $15 billion each year on eyewear to improve refractive errors. In comparison, approximately 800,000 vision correction procedures were performed in 2010, according to the AAO report. At CorrectVision Laser Institute, a center for LASIK surgery in Ft. Lauderdale, Dr. Marc Bosem says many patients are starting to take advantage of the payment options that can make laser vision correction procedures like LASIK more affordable. Dr. Bosem reassures patients that although a certain mentality exists that LASIK will cost more than continuing with glasses or contact lenses, vision correction can save money long term through options such as a Flex Spending Account (FSA).

An FSA, also known as a Medical Spending Account or flex plan, is an employer-sponsored benefit allowing patients to pay for eligible medical expenses tax-free. Dr. Bosem says patients who expect to incur medical expenses not reimbursed by regular health insurance plans should consider taking advantage of their employer’s FSA benefit, if one is offered. He also adds that an FSA can be an efficient way to decrease taxable income and make beneficial procedures such as LASIK more affordable. Contributions to the FSA are deducted from income at designated, equal amounts each pay period and placed into a special account before Federal, State, or Social Security taxes are calculated. Dr. Bosem says on January 1 of each year, the allocated funds are made available for use towards medical expenses not covered by insurance. He says this type of account offers significant advantages to patients worried about paying for LASIK. “A single individual earning $40,000 annually that utilizes flex spending to pay $4500 for LASIK will save approximately $1,469.25, which is 33%.

source: PR Web