How would you like to cover your eye care expenses (and more) while also getting the benefit of tax advantages? Flexible Spending Accounts, or FSAs, offer a flexible and efficient way to accomplish this. While most people understand how to use their FSA towards eye health care services, others are unsure how these plans work, how their benefits are defined and what are the full range of services. Here’s a summary of how FSAs can help pay for to improve your vision, and your life.
Using a FSA can be a game-changer when it comes to managing your eye care expenses. FSAs allow you to set aside a portion of your pre-tax income to cover eligible healthcare costs, including those related to your eyes. Depending on your tax bracket, you can save up to 40 cents on every dollar you spend on your eye health needs. The best part is that these funds can be used for a wide range of eye care needs, ensuring your vision stays clear without straining your budget.
*If you plan to use your FSA for LASIK, we do recommend that you determine your candidacy with a free consultation prior to making any allocations.
Three things to keep in mind when using or considering an FSA for your eye care:
If you find yourself scrambling every year to spend your flex plan dollars, consider using them towards your eye health or improving your vision! Or if you’re curious how you can better budget for your eye care costs, consider the tax-free benefit of an FSA!