A Flexible Spending Account Helps Make Laser Vision Correction Even More Affordable Today!
How You Can Save Up To 50% On Laser Vision Correction
Many companies now offer their employees a
“flex plan” or “cafeteria plan” benefit formally called an
FSA. An FSA can help you save money on your medical bills
and can also be used to pay for procedures like laser vision
correction. Depending on each individuals tax bracket, a
“Flexible Spending Account” could save you as much as 50%
when you pay for vision correction.
How an FSA Works
When money is set aside into an FSA it is
exempt from State, Federal, and Social Security Tax.
According to the law the maximum amount that can be
contributed to an FSA per year is $5,000, but most companies
limit their employees contributions to $2,000 to $3,000
dollars.
Flexible Spending Accounts are not just
a savings account. They actually save you money. When you
contribute money to your FSA you are actually decreasing the
amount of taxes you pay. This can save you hundreds of
dollars a year. The higher your tax bracket, the more you
save.
How to Enroll
The first step is to find out if your
employer offers an FSA as a benefit. There is an open
enrollment for FSA's only once a year. Some enroll in late
fall and some are able to enroll in the spring. The second
step is to check with you Benefits department to see if you
qualify, then fill out the enrollment form immediately.
Normally there is a window of one to two weeks to sign up.
Finally, on the application, fill out how much of your
salary you want to deduct from each paycheck. This money
will then be deposited in your health care flexible spending
account. Most of the time you are able to spend this money
throughout the year.
Save Now!
Contact the Rahmani
Eye Institute and find out if you are a candidate for laser
vision correction. With FSA’s and our affordable plans,
laser vision correction will never be more affordable!