Maximize your savings with your Flexible Spending Account!

With LASIK Benefits USA you may be able to afford the entire LASIK procedure using only your Flex Spending Account.

LASIK Benefits USA contracts savings of 40-50% off the national average for Traditional LASIK with our doctors. Often our set pricing is low enough to be covered entirely by your eligible pre-tax spending account. Depending on your tax bracket, you may save up to 30% or more in taxes.

Due to new federal regulations on healthcare, in 2013 the maximum you will be allowed to put in your flex spending account is $2500. Our members often pay less than that with money left over for other flex-eligible services and procedures.

Call one of our LASIK Counselors today at 855.365.2020 so that you can find out the exact cost for your procedure before going in for your free exam and discuss the most effective way to use your flex spending account to pay for your LASIK.

Remember that 20-30% of people who want LASIK cannot have it done. Before you set aside money for LASIK you should go in for a FREE exam to make sure that you are a good candidate.

If you are planning on having the procedure in 2012, why not use the least amount of Flex dollars possible? By offering set pricing, we can ensure that you know exactly how much your procedure will cost so that you know how much of your flex money to set aside for LASIK.

Unlike many doctor’s offices, at LASIK Benefits USA we are practiced in dealing with flex accounts – we will send you an itemized receipt after your surgery that makes it easy for you to submit to your flex spending account administrator.

What is a Flexible Spending Account (FSA)?

A Flexible Spending Account (FSA) is an employer-sponsored plan that lets you deduct dollars from your paycheck and put them into a special account that is protected from taxes. Many businesses have an FSA to help employees save on medical and other expenses not covered by insurance. A Flexible Spending Account is a type of Section 125 plan.

A "Section 125 Cafeteria Plan," often referred to as a "Flexible Spending Account," helps you keep more of your paycheck by reducing your Federal and state taxes. A cafeteria plan is a separate written plan maintained by an employer for employees that meets the specific requirements of and regulations of section 125 of the Internal Revenue Code. It provides participants an opportunity to receive certain benefits on a pretax basis, allowing you to pay certain expenses before taxes are deducted from your paycheck. Employees determine how much they will spend on uninsured medical expenses and dependent care.

Participants in a cafeteria plan must be permitted to choose among at least one taxable benefit (such as cash) and one qualified benefit.

A qualified benefit is a benefit that does not defer compensation and is excludable from an employee's gross income under a specific provision of the Code, without being subject to the principles of constructive receipt.

Qualified benefits include:

Accident and health benefits (but not Archer medical savings accounts or long-term care insurance)

• Adoption assistance
• Dependent care assistance
• Group-term life insurance coverage
• Health savings accounts, including distributions to pay long-term care services

Source: www.irs.gov

How Does FSA Work for LASIK?

Employers withhold the employees' determined amount from their paychecks prior to their income being taxed. Contributions are made before federal income taxes, Social Security taxes, and most state income taxes are calculated. It is the responsibility of the employee to submit receipts throughout the year for reimbursement.

Employees benefit by not having to pay income or social security taxes on the money set aside in their FSA. Some employees can see savings on average from between 10 and 35 percent. Any money left in the FSA by years end will be forfeited to the business.

The money in a FSA account can be used for eligible health care and dependent care expenses incurred by you, your spouse and your dependents. FSA accounts are exempt from federal taxes, Social Security (FICA) taxes and, in most cases, state income taxes. Depending on your tax bracket, you may save up to 30% or more in taxes.

Please contact your employer or Plan Administrator to find out if LASIK is covered by your company's FSA.

Flexible Spending Account Resources (FSA)

Federal Flexible Spending Account Home Page
Maximize Your Employment Benefits with Your FSA
Flexible Health Spending Accounts