What is a Flex Spending Account?
A Flexible Spending Account (FSA) is a benefit sponsored by your employer that allows you to save money to pay for medical expenses on a pre-tax basis.
This underutilized benefit is offered by many companies, and allows you to save money for medical expenses not commonly covered by insurance.
To use a Flex Spending Account, you designate a certain amount of money each pay period to put into the account. The funds are deducted from your paycheck before you are taxed, instantly saving money on taxes.
Flex dollars can be spent on numerous things, like LASIK surgery, new eyeglasses, or other common medical expenses!
The End of Year and Your Flex Spending Account
The funds in your FSA have a catch – if you don’t use the money in your account by the end of the year, the funds are lost. Be sure to check with your employer to verify when your FSA funds expire – some accounts do not align with the end of the calendar year.
Why You Should Use Flex Spending for LASIK Eye Surgery
Did you know that your FSA can be used to pay for medical procedures like LASIK eye surgery? To avoid losing your hard-earned funds, LASIK is a great way to make a lasting investment in yourself and put your flex dollars to good use.
Spending pre-tax dollars on a procedure like LASIK eye surgery is a great way to save money and make the most of your FSA.
Give yourself the gift of LASIK this holiday season!
Are you ready to find out if you’re a candidate? Request a LASIK consultation below!
