Does Health Insurance Cover Lasik?

LASIK eye surgery, a procedure that corrects vision and reduces or completely eliminates the need for prescription lenses. Whether you are tired of wearing glasses or you are considering working in a field where glasses or contact lenses can get in the way, you might be thinking about LASIK; you’re also probably wondering if the procedure will be covered by your insurance.

With any medical procedure, especially those that are elective, knowing the cost and figuring out how you are going to pay for it is crucial. After all, the last thing you want is to be surprised by an unexpected – and costly – bill.

Insurance and LASIK Eye Surgery

health insurance lasik eye surgeryHealth insurance companies consider LASIK an elective surgery. As such, it usually isn’t covered by insurance. There are cases when this procedure will be covered by insurance; however, it’s very rare. Therefore, if you are considering LASIK eye surgery, it is very likely that you will be responsible for covering the cost. The good news is that many vision centers that provide LASIK eye surgery will work with insurance companies to help their patients secure savings; additionally, there are several options that you can use to manage the expense of the procedure.

Below, we’ll take a look at some of the different methods that patients often use to pay for LASIK eye surgery.

Financing

Most patients opt to finance their LASIK eye surgery. Vision centers usually offer different financing options for this procedure, such as no down payment plans, low-interest rates, and even plans that are custom-tailored to suit the individual needs of each patient. Speak to your doctor to find out what options are available and to see if you qualify for financing.

A Health Savings Account

Another option that patients often use for LASIK eye surgery is a health savings account (HSA). With this type of account, you can put money away that can be used to pay for the cost of different types of medical procedures, including corrective eye surgery. The funds that are put into this type of account are non-taxable, and you can use the money to pay for the procedure itself, as well as any deductibles or copayments that you might have.

A Flexible Spending Account

You could also use a flexible spending account (FSA) to pay for your LASIK eye surgery, as well as the co-pays, deductibles, and other costs that are associated with the procedure. In order to open a flexible spending account, you will need to be sponsored by your employer. The money that is put into this type of account can be used to pay for various medical expenses, including elective procedures, like LASIK. It’s important to note, though, you can only add a certain amount of money into an FSA each year; the amount varies and depends on the terms of the account.

Other Options

In addition to these options, there are other methods that patients use to cover the cost of LASIK eye surgery. For example, some people use the money that they receive from their tax returns, credit cards, or bonuses that they receive from their employer. You could also simply open a savings account for your surgery and allot a certain amount of money from each paycheck to that account. Another option is to consider is a personal loan.

Is Insurance Ever an Option?

As mentioned above, there are instances where insurance will cover the cost of LASIK eye surgery; if not all of the cost, at least part of it. For example, if you are in the military, you are an athlete, or an actor or actress and corrective lenses aren’t an option, your health insurance provider may be willing to work with you.

Speak to your provider before you schedule your procedure. Be open and honest. Let them know why having corrective vision surgery is important and how it can improve your health, safety, and overall well-being. Though slim, there is a chance that your health insurance will cover the cost of LASIK eye surgery.

If your current insurance provider will not cover LASIK eye surgery, you could consider finding out if another company will. Different insurance companies have different policies and terms, so it is a possibility that a different insurer will cover the cost of the procedure. If you are thinking about this option, speak to a reputable insurance agent at your earliest convenience. Someone who is knowledgeable about insurance and understands what different companies and policies cover will be happy to assist you. Together, you may be able to find a health insurance company that will help to cover at least some of the expense. When it comes to corrective vision surgery, any savings can go a long way and make the cost of the procedure more manageable for you.

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