A Flex Spending Account (FSA) is part of a health plan offered by employers for employees to use for medical expenses such as copayments, deductibles, medications and other health care costs. FSA money is not taxed, which allows you to save when it comes time to file your annual taxes. Many people forget they can use their FSA to cover the cost of eye care and vision correction. You and your dependents could be eligible to get LASIK surgery at a more affordable price because your taxable income is decreased.
You can specify how much of your income goes into an FSA, but the maximum amount per year is $2,600. In many cases, the funds in your FSA must be used within one year. However, some companies offer a grace period or allow a certain amount to rollover. If you didn’t use all of your FSA in 2016, talk with your FSA provider through your job to find out if your unused funds can be carried over for 2017.
LASIK surgery is just one of many eye care services that can be covered using your FSA, others include:
- Annual eye exams
- Contact lenses or glasses
- Laser cataract surgery
- KAMRA™ Inlay surgery
- Premium lens implants
If you’re interested in LASIK surgery, please contact our eye doctors in Poughkeepsie today at 845-454-1025 to schedule your eye exam and consultation. Seeta Eye Care Centers serves clients throughout New York including Poughkeepsie, Yorktown, Dutchess County and Hudson Valley.