Is LASIK Covered By Insurance?

Does insurance cover LASIK eye surgery? It’s one of the first questions that many people ask when considering a LASIK procedure – and planning for the cost is an important part of the process. LASIK is categorized as an elective procedure by insurance companies, which means that – outside of rare circumstances – the procedure is rarely covered by insurance. However, financing is available for laser eye surgery patients in the US, along with a number of other payment options for covering the cost of LASIK.

Insurance and Laser Eye Surgery

While it is rare for insurance companies to cover the cost of laser eye surgery, there are some exceptions, so it doesn’t hurt to inquire with your insurance company. Most LASIK patients, however, rely on other payment options to cover their surgery. The LASIK Vision Institute works with vision insurance providers to find savings for our patients, and there are multiple financing options available to help manage the cost of LASIK.

Financing for LASIK Eye Surgery

At The LASIK Vision Institute, we offer several options for financing laser eye surgery, and our team will be happy to help you find the option that best matches your needs. We offer a wide range of options to suit your budget, and can tailor a plan to suit your unique needs. Choose from customized financing plans, opt for a no down payment plan, or select a plan from our many financing options. More than 90 percent of LASIK Vision Institute patients qualify for financing, and the process to find out whether you qualify usually takes just a few minutes.

Health Savings Accounts (HSA) for LASIK

A health savings account (HSA) is an account that allows you to set aside funds on a pre-tax basis to cover the cost of medical needs. Funds from an HSA can be used to pay for elective procedures, such as LASIK eye surgery, along with insurance costs like co-payments, co-insurance, and deductibles.

Flexible Spending Accounts (FSA) for LASIK

A flexible spending account (FSA) is another tax-friendly tool for covering medical costs, including the cost of LASIK. Enrolling in an FSA will require sponsorship from your employer, and there are yearly limits for how much you can deposit. In addition to laser eye surgery, funds from an FSA can be used to cover a range of common medical needs.

Getting Creative to Cover the Cost of LASIK

Looking to cover the cost of LASIK through less conventional means? Some LASIK patients use influxes of cash – such as from tax returns or employment bonuses – to pay for laser eye surgery. Using credit cards to pay for LASIK may also be an option, especially if the card offers a no interest incentive. Saving the old-fashioned way is always an option as well, and the gift of clearer vision may be the perfect excuse to put that “rainy day fund” to good use.

When you’re ready to learn more about LASIK, and the financing options available for laser eye surgery, the team at The LASIK Vision Institute is here to help. Arrange your free consultation at your local LASIK Vision Institute location by calling directly, or filling out a quick form on our site. During your free consultation, you’ll have the opportunity to get answers to all of your questions about the cost of LASIK and payment options.