FSH HSA for LASIK
Max your Flex Plan
You can pay for LASIK or other eye surgeries with a tax-free Health Savings Account (HSA) or Flexible Spending Account (FSA), which could mean a 20-30% discount for those who are eligible. Laser eye surgery is a qualified medical expense, according to the IRS, but some rules apply. For it to be a qualifying medical expense, you must make an appointment with an eye doctor to establish you really need the procedure.
How do I save on LASIK with an FSA or HSA
Flexible spending accounts and health savings accounts are both healthcare plans that reduce an employee’s income tax liability and allow you to pay for medically-related expenses including elective procedures such as LASIK. The pre-tax savings may be significant.
Use it or lose it
You often hear “use it or lose it” associated with FSAs. Most people have to spend their funds before year’s end. A recent change to the “use it or lose it” rule allows employees are now to roll over up to $500 to use up in the next plan year instead of forfeiting the unused sum at the end of the plan year. However, that still means anything above the amount may be forfeited.