Did you know that Flexible Spending Accounts are one of the most versatile yet underutilized benefits offered to employees? By using tax-free Flex Spending money to reimburse patients for eligible medical expenses like LASIK, a Flexible Spending Account can reduce out of pocket costs by hundreds, even thousands of dollars.
There are no limits to what an employee can save, but most employers permit a savings of about $5,000. But beginning in 2013, FSA contributions will be limited to $2,500 each year.
For Cary M. Silverman, M.D., Medical Director of EyeCare 20/20 in East Hanover, New Jersey, LASIK is a popular year-end procedure because healthcare flexible spending accounts are a “use it or lose it” program. “We reach out to our patients every fall and remind them about the eligibility of LASIK as an FSA expenditure”.
It’s also the very time of year that most individuals are required to make their elections for the following year, so Dr. Silverman also sees a big increase in the amount of patients coming in to find out if they are a candidate for LASIK. That way, patients know right away whether or not they qualify for the procedure and can elect to put the funds aside for the new year.
Dr. Silverman recommends, “If you are lucky enough to have FSA funds by year end — don’t let them disappear! Treat yourself to a procedure that can change your lifestyle and empower you forever.” For more info, please contact EyeCare2020.com to learn about FSA and LASIK.
About Cary M. Silverman, M.D. and EyeCare 20/20
Located in East Hanover, NJ, EyeCare 20/20 provides ophthalmic care for the entire family whether it’s routine vision correction or surgical intervention. Under the direction of Cary Silverman, M.D., Medical Director, they serve patients from surrounding communities as well as those from other states nationwide.
A patriot and avid sports fan, in 2008 Dr. Silverman developed LASIK For The Gold, a program that provides LASIK vision correction surgery to any athlete preparing for the Olympic Games. He extended the offer to athletes competing in every sport and soon thereafter began treating some of America’s foremost champions.
The success of this initiative led to another called LASIK The Refs, which offers free LASIK to professional referees and umpires as a way to eliminate “bad calls” which cause chaos for players and fans alike.
Dr. Silverman also specializes in an array of other refractive surgery options for patients who are not candidates for LASIK. For more information, visit: www.eyecare2020.com.