5 Popular Ways to Invest in LASIK Today and Enjoy Big Savings Tomorrow

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Posted by: Missouri Eye Institute in Blog on April 20, 2023

If you have been dreaming of LASIK but don’t know if it’s in the budget, you may be surprised to learn just how affordable it can be. LASIK today can add up to thousands of dollars in savings tomorrow.

The price of LASIK in Missouri starts at $2,000 to $3,000 per eye. This may sound like a big number until you compare it to the lifetime costs of prescription glasses and contact lenses. 

A pair of prescription eyeglasses can easily top $300 and contact lenses can cost even more, year after year. If you are in your 20s and wearing contacts, you could save more than $25,000 on eyewear in your lifetime by getting LASIK now. Think of the interest that money could earn toward your retirement!

Still unsure? Let’s explore 5 popular ways to pay for LASIK eye surgery that will set you free of glasses and contacts sooner rather than later.

Tax laws

There are two ways to use tax regulations to your advantage for LASIK: 1. tax refund money and 2. tax deductions. If you’re expecting a tax refund, LASIK is a great way to invest it. Depending on your tax filing status, you may then be able to deduct the cost of LASIK in your next tax filing. Check with your tax preparer to be sure.

Employer HSA/FSA account

While LASIK is considered a “cosmetic” procedure and not covered by most insurance plans, you can use fund from your Health Savings Account (HSA) or a Flexible Spending Account (FSA) toward the procedure. HSA/FSA accounts can be used to pay for any qualified medical expense, including LASIK. You can contribute up to $2,750 into your account, pre-tax, which means you’ll save money by setting it aside.

In-house financing

At Missouri Eye Institute we offer CareCredit to patients to finance LASIK, which functions like a credit card. CareCredit lets you cover the cost of LASIK eye surgery up front so you can get vision correction without the wait and make low monthly installments after.

Personal financing

Many banks and credit unions offer special accounts in which you can save money toward a specific purpose, such as a vacation, education … or LASIK. You’ll also earn interest on your savings.

Combination of financing options

You can combine two or more payment approaches to find a LASIK payment solution that works for you. For example, pay part of your laser eye surgery fee from your tax refund and finance the balance. You’ll begin recouping the cost of LASIK with every contact lens prescription and pair of eyeglasses you don’t have to buy.

The first step is to schedule a consultation with our team, to find out which of our modern vision correction treatments you qualify for. We will also go over the various payment options and design a payment plan to fit your budget. To book your no-obligation consultation, head over to our contact page or call (800) 383-3831.

Missouri Eye Institute has helped thousands of patients attain freedom from glasses and contact lenses. Contact us at (800) 383-3831 to schedule a thorough eye exam or visit MissouriEye.com to learn more about our services.