Did you know you can potentially save on LASIK eye surgery at The LASIK Vision Institute using pre-tax dollars? Here’s how a Flexible Spending Account (FSA) can help you achieve clearer vision without breaking the bank.
What is an FSA and How Can It Help with LASIK?
An FSA is a workplace benefit account that allows you to set aside pre-tax money for qualified medical expenses, including LASIK surgery. This reduces your overall taxable income and saves you money on the procedure.
2024 FSA Contribution Limits:
The IRS sets annual contribution limits for FSAs. For 2024, the maximum contribution is $3,200 (up from $3,050 in 2023). Some employers may also contribute to your FSA, further increasing your savings.
Using Your FSA for LASIK:
- Check Your Eligibility: Confirm with your employer if they offer an FSA and what the contribution limit is for 2024.
- Plan Your Contribution: Estimate the cost of LASIK surgery and choose an FSA contribution amount that covers it (or a significant portion).
- Schedule Your Consultation: Contact The LASIK Vision Institute to schedule a free consultation. Discuss financing options with the LASIK specialist, including how your FSA can be used.
Key Points to Remember:
- FSA funds are typically available at the beginning of the plan year, allowing you to plan for LASIK early.
- Some employers offer grace periods or carryover options, letting you use unused funds from the previous year.
- If you have questions about your FSA, including grace periods or carryover rules, contact your employer’s HR department.
Ready to See Clearly with LASIK?
Schedule your free consultation at The LASIK Vision Institute today! We can help you determine if LASIK is right for you and explore how your FSA can be used to make it more affordable.
Source:
IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150 | Internal Revenue Service. (n.d.). https://www.irs.gov/newsroom/irs-2024-flexible-spending-arrangement-contribution-limit-rises-by-150-dollars#:~:text=For%202024%2C%20there%20is%20a,Security%20tax%20or%20Medicare%20tax.
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