Does Insurance Cover Lasik Services Or Provide Discounts?

Lasik eye surgery may be able to assist patients with astigmatism in achieving long-term correction of their vision. The high cost of the procedure can cause some individuals to have second thoughts in spite of the advantages it offers.

The majority of insurance companies classify Lasik as an elective surgery; consequently, it can be difficult to obtain coverage for the procedure through an insurance policy. The good news is that a growing number of insurance companies are launching new assistance programs to make LASIK more affordable for patients.

Does Insurance Cover Lasik Services?

It all depends on your health insurance plan. Unfortunately, some medical insurance providers do not cover LASIK and other laser vision correction procedures because they are not considered a “medically necessary” service.

Insurance companies recognize this need and consequently provide benefits to help offset the cost of corrective lenses and eyeglasses in addition to LASIK. Before relying on a conventional health care plan, it’s in your best interest to read the fine print. But if you have a vision plan, that might help even more.

To help with eye care and vision correction devices like glasses and contacts, vision insurance plans like VSP and EyeMed exist. These plans are distinct from traditional medical and health insurance in a few key respects. Additional services and cost reductions for those considering laser vision correction may be available, depending on the specifics of the plan.

Does Insurance Cover Lasik

How Much Does Lasik Surgery Cost?

According to the information provided by the Vision Center, the cost of LASIK can range anywhere from $1,000 to $3,000 for each eye. The cost of your surgery will vary depending on the particulars of your eye condition, the technology that is employed, and the surgeon who performs it.

Patients in the United States pay an average of approximately $4,500 for the surgery to be performed on both eyes.

Licensed health insurance agent Christian Worstell tells WebMD Connect to Care that the cost of LASIK surgery to treat nearsightedness is a little less than the cost of LASIK surgery to treat farsightedness and astigmatism. “Generally speaking,” LASIK surgery to treat farsightedness and astigmatism is on the higher end of the spectrum.

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Does the Insurance Company Provide a Discount?

The excellent thing is that LASIK costs can often be reduced by using one’s insurance. The American Refractive Surgery Council reports that some insurance providers may offer discounts of up to 50% off the full price.

You can get the most out of your insurance plan if you work with a surgeon who is part of your preferred provider network. More savings can be had by investing in supplemental vision insurance.

You can save up for LASIK with pre-tax funds by using a health savings account (HSA) or a flexible spending account (FSA). The Internal Revenue Service (IRS) of the United States allows individuals to contribute up to $2,750 to a flexible spending account (FSA) and $3,550 to a health savings account (HSA) annually without incurring any tax consequences (based on 2020 values).

Does Insurance Cover Lasik

Discuss your options with your doctor before deciding to undergo LASIK surgery to correct your astigmatism. After conducting a thorough evaluation of your eyes and general health, your doctor will recommend a course of treatment and provide a price range.

Talk to your doctor and insurance provider about LASIK coverage and costs before making a final decision.

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Strategies for Cutting Costs on Lasik

  • Finance Strategies

Many hospitals and clinics now provide their patients who need it with financing options to help them pay for their portion of the surgery. To put it simply, financing plans are payment schedules that have manageable interest rates. Patients frequently elect to pay with no- or low-interest credit cards because of the travel rewards they provide.

  • To Use An FSA Or HSA

LASIK eye surgery is one of the many medical procedures that may be covered by a health savings account or flexible spending account offered by some employers. Find out if LASIK is covered by your health savings account or flexible spending account by speaking with your employer’s benefits manager.

Does Insurance Cover Lasik

  • Bonuses

If you value correcting your vision, bonuses can be used to offset the expense of LASIK. Tax refunds, new-job signing bonuses, existing-job bonuses, financial windfalls, and cash gifts are all examples of bonuses. Recently, during the COVID-19 pandemic, people received stimulus checks that are a perfect example of a financial windfall.

  • Contact the Human Resources Manager

Benefits administration is typically handled by a human resources manager or office manager at your place of employment. If you have any questions about your vision plan, including whether or not LASIK is covered by your insurance, your HR manager can help. This person will also be able to inform you about other benefits, such as FSAs and HSAs, that may be available to you to help defray the expense.

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Final Thoughts

One must seek the advice of a qualified refractive ophthalmologist when contemplating LASIK eye surgery. The medical necessity of the procedure can be determined with the help of a thorough eye exam that includes testing for and evaluating vision function and eye health.

Is LASIK surgery something that is covered by health care plans? Talk to your benefits manager to review your policies and determine your eligibility for coverage if you believe you are a good candidate.

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