Does Insurance Cover the Cost of LASIK Surgery?

Submitted by Nanouk on

One of the main concerns people have when considering LASIK surgery is the cost of the procedure. Many people wonder, “Does insurance cover the cost of LASIK surgery?” While insurance typically does not cover the cost, there are still options for people interested in LASIK that are worried about paying for the procedure.

Your Insurance May Cover the Cost

In general insurance does not cover the cost of LASIK eye surgery, but that doesn’t mean your policy won’t. Some insurance policies will pay all or a portion of the overall surgery cost. The only way to know if your insurance will cover the cost is to ask. Even if your insurance carrier won’t pay for the procedure, they may have negotiated a discount with some providers for their clients. This can save you a significant amount of money if you use one of the providers on the list.

Talk with Your Provider

Another place you may be able to find savings on the cost of a LASIK procedure is directly from the provider. They may offer discounts to people that pay upfront, work for certain employers, have insurance policies, etc. Ask them about potential discounts and see what options are available. Providers may also offer special seasonal deals or discounts; waiting until you can get the best price may help you to be able to afford the procedure.

Talk with Your Employer

Some providers offer discounts to those working for certain employers or in certain industries. Your employer will be able to tell you of any LASIK providers offering a discount to company employees.

Does Insurance Cover the Cost of LASIK Surgery?The Type of Surgery You Get Will Impact Price

As new technologies develop the number of options available for LASIK surgery continues to increase. New technologies and techniques can shorter recovery time, led to better results and increase the overall cost of the procedure. Look into all of your surgery options before choosing a provider. Cheaper isn’t always better, but you may be able to find savings by choosing your provider and the type of LASIK surgery you get carefully.

Where You Get Surgery Matters

Your location will also impact the cost of a procedure. In general LASIK is more affordable in larger cities than in smaller communities. However, it is important to weigh the expense of traveling to appointments with the amount you may save. LASIK generally requires multiple appointments both before and after the procedure making long trips out of town both expensive and inconvenient.

Ask About Payment Options

Many LASIK providers offer payment options to help people afford the cost of surgery. Many even offer interest free financing to qualified patients. Ask about the available payment options from your provider and see what your options are. In some cases it is best to save up for the procedure and pay cash upfront while other times you may be able to find a great payment option. Always read the fine print before agreeing to financing to ensure that you aren’t paying extra for the procedure in exchange for receiving financing. If you do receive an interest free option, find out about all the restrictions. In some cases one late payment can lead to losing your 0% interest rate resulting in hefty finance charges.

Use Your Flexible Spending Account

If you have a flexible spending account (FSA) you can use the funds to pay for your LASIK surgery. This can save you a substantial amount of money since the funds deposited into the account are not subject to payroll taxes. Many people find that using their FSA money to pay for the procedure is a great way to cover the cost, especially during years when they have had minimal medical expenses and would otherwise lose the money. Even if you don’t have a flexible spending account, you may be able to set one up and start using the account to save for the procedure. Talk with your employer and find out about your options.

Care Credit

Care credit is a health care credit card with a credit line for treatments and procedures. It is a credit card designed for your health. Care credit usually offers many promotional offers so that you can avoid paying interest. Just like other 0% offers, you just need to make your minimum monthly payments and paying the full amount by the end of the promotional period. Card holders can opt to have short term plans from anywhere between 6 to 24 months.

What About Complications?

There are risks when undergoing any surgical procedure and LASIK is no different. While your insurance may not cover the cost of the initial procedure, they may be willing to cover expenses associated with complications should they occur. Talk with your insurance company and find out exactly what they will and will not cover should something go wrong with your procedure.

Although insurance does not typically cover the cost of LASIK surgery, there are many other options available.

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