
Does insurance cover LASIK?
LASIK is a life-changing procedure that offers freedom from glasses and contact lenses, but the question of insurance coverage often arises. Unfortunately, LASIK is considered an elective procedure, meaning most insurance plans do not cover it. However, there are exceptions and alternative ways to reduce your out-of-pocket costs. Let’s explore how different providers like Medicaid and VSP handle LASIK.
Understanding Elective Procedures
Insurance companies categorize LASIK as an elective surgery because it is not deemed medically necessary. While it improves vision, glasses or contact lenses can also correct refractive errors, making LASIK optional in their eyes. This classification generally excludes LASIK from standard insurance coverage, but there are still ways to save.
Does Medicaid Cover LASIK?
Medicaid generally does not cover LASIK surgery. Its focus is on medically necessary treatments, such as cataract surgery or procedures to address vision-threatening conditions. However, there may be exceptions in rare cases where LASIK is deemed medically necessary due to specific health conditions. It’s always worth checking with your local Medicaid office to confirm your coverage options.
Does VSP Cover LASIK?
VSP (Vision Service Plan) is a popular vision insurance provider. While VSP does not fully cover LASIK, many plans offer discounts on the procedure. Some VSP-affiliated surgeons provide LASIK at reduced rates, which can make the procedure more affordable. If you have a VSP plan, contact your provider to understand the specific discounts or partnerships available to you.
Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
If your insurance doesn’t cover LASIK, consider using an FSA or HSA. These accounts allow you to set aside pre-tax dollars to pay for eligible medical expenses, including LASIK. This can result in significant savings. Be sure to check the annual contribution limits for your FSA or HSA and plan accordingly to maximize your savings.
Employer-Sponsored Discounts
Some employers partner with LASIK providers to offer discounted rates as part of their employee benefits package. Be sure to ask your HR department if this is an option for you. Additionally, some clinics offer group discounts if multiple employees from the same organization undergo LASIK.
Financing Options with CareCredit
At Elite LASIK & Cataract, patients can take advantage of CareCredit financing options. This allows for flexible payment plans that fit your budget, ensuring that cost does not become a barrier to achieving clear vision. Whether you prefer interest-free options or extended payment plans, CareCredit provides a solution tailored to your needs.
The Cost-Benefit Analysis
While LASIK may seem expensive upfront, many patients find the procedure to be a worthwhile investment. Over time, it can save you money on glasses, contact lenses, and associated costs, all while offering unparalleled convenience. The long-term benefits of clearer vision without corrective aids often outweigh the initial expense.
Find Out if LASIK Is Right for You
Not everyone is a candidate for LASIK. Factors like your prescription, age, and overall eye health determine eligibility. Understanding your candidacy can help you decide if the investment in LASIK is the right choice for your vision goals.
Take our LASIK Suitability Self-Test to find out if LASIK is the right choice for your vision goals. It’s the first step toward a life with clearer, hassle-free vision.
Find out if you are suitable for vision correction
Not everyone is eligible for vision correction surgery.
Find out if you could benefit from this life changing surgery by taking the quick self-suitability quiz below: