Instead of paying the government more taxes you can put funds aside for health related expenses. The United States government has approved the use of flex spending accounts for both traditional LASIK and the new Wavefront enhanced CustomLASIK. You can now use tax-free Flex Spending Accounts to get reimbursed for eligible medical expenses. Flex Spending Accounts allow you to use pretax income on medical expenses including deductibles co-payments and medical expenses not normally covered by medical insurance like contact lenses and refractive surgery. The money that you choose to deposit into a flexible spending account is deducted from your gross income before taxes are calculated. You pay for LASIK with the tax-free dollars that you've already earned. These funds are exempt from federal income, Social Security and Medicare taxes.
Use it or Lose it!
LASIK is now one of these elective procedures that is covered by Flex Spending Accounts. Call us and consult with our laser vision coordinator to discuss how your Flex Spending Account can reduce the total cost of a LASIK eye surgery in Houston. If you are interested in using Flex Spending for LASIK with Slade & Baker Vision Center we encourage you to come in for an evaluation to determine if you are a candidate for the surgery.
Enrollment periods may differ from company to company. For details on how to get set up with the accounts discuss the matter with your human resource director or review your employee benefits handbook.
Recent data in various major publications suggests that Flexible Spending Accounts are one of the most versatile yet underutilized benefits offered to employees. Around 90 percent of US employees work for companies who offer a Flexible Spending Account to help lower healthcare costs. If you are not taking advantage of these benefits offered by your company and you would like LASIK eye surgery then now might be a good time to review this program.
For more information about using your Flex Spending Account with Slade & Baker Vision Center or to determine whether or not you are a candidate for the surgery please call us directly.