LASIK Financing
Financing Your Laser Vision Correction
LASIK Benefit USA accepts major credit cards, debit cards and personal checks as payment methods. We also have three financing programs available. One is interest free for up to four months, another offers competitive interest rates with several payment options and our third program is for individuals with minimal credit history. The cost of LASIK (laser vision correction) can be as low as $54 a month per procedure with GE CareCredit approval.
Please call 1-877-582-2329 to see which program is right for you or please contact us online.
Health Savings Account and LASIK
If you participate in an HSA, you can use those dollars to pay for your LASIK eye surgery procedure costs. By using your pre-tax dollars to reimburse your LASIK costs, you can save even more. Traditional and Custom LASIK have been approved by the federal government as eligible medical expenses under Flex Spending and Health Savings Accounts.
Ask the practice for a receipt of your LASIK procedure and submit it to your FSA administrator for reimbursement. If your company provides you with a medical debit/charge card attached to your FSA/HSA, you can use this card to pay for your LASIK eye surgery! Under the FSA "use it or lose it" rule, you can even use your remaining FSA balance to fund a portion of the LASIK procedure, rather than losing that money.
LASIK Financing Myths
Myth: 0% interest rate — good deal?
Fact: Advertised LASIK financing is often intentionally deceptive. LASIK surgery chains routinely quote: zero down payment 18 or 24 months, zero interest rate. However, this does not paint the entire picture. Instead of directly charging you interest, these chains will simply increase the price of the surgery and include these additional charges in the monthly payment. Therefore, while your interest rate is technically zero, your cost for eye surgery has just increased.
Myth: Zero down equals low monthly payments.
Fact: The best way to evaluate your LASIK financing options is to compare the monthly payments between two plans of the same duration, regardless of the stated interest rate. For example, if a LASIK chain or provider offers you zero down, 18 months, zero interest payments for $165 per month, while LASIK Benefits USA offers zero down, 18 months, 13.9% APR interest, but with a monthly payment of $130—then obviously our overall pricing is better. In this case, LASIK Benefits USA delivers $35 per month in overall savings or $630 in total over 18 months.
Myth: Zero Down, No Payments for 18 months offers the best flexibility.
Fact: No payments, same as cash deals offer more than convenience - heavy fines if they are not paid on a timely manner
Example of a deceptive promotion:
*No Interest for 18 Months!!*
Example of their fine print:
*Applies to purchases of $300 or more made on the credit card account. Under the promotion, no finance charges will be assessed on the promotional purchase as long as: (1) pay the promotional purchase amount in full within 3, 6, 12 or 18 months (the “promotional period”) and (2) pay, when due, the minimum monthly payment on your account, which includes a required minimum monthly payment on the promotional purchase.
A Further Explanation of their offer:
If you fail to satisfy either of the above conditions or if your account balance exceeds their credit limit, all special promotional terms may be terminated and finance charges may be assessed on the promotional purchase amount from date of purchase. On promotions requiring a minimum payment, payments over the minimum will usually be applied to those promotional balances before non-promotional and other balances. If you have a non-promotional balance, this may reduce the benefit from the promotion offered.
Optional debt cancellation charges on promotional purchases are not deferred nor are they subject to the terms of the promotion. Standard card agreement terms apply to non-promotional purchases and existing accounts. Variable APR is approximately 22.98% and variable delinquency APR is 28.99% both of which will apply if the minimum payment is not made prior to its due date, payment is not honored or if the credit line is exceeded.
