The idea of LASIK eye surgery is appealing to many people because of the promise of freedom from glasses and contact lenses. However, the cost of LASIK can be a barrier. If you are considering LASIK, it is important to understand the true cost of the procedure and to explore the many financing options available to make it more affordable. In this comprehensive blog, we will break down the average cost of LASIK surgery, discuss traditional financing methods, and introduce you to a unique solution—the Healthcare Spending Card1. We will also provide valuable tips to help you make informed decisions about financing your LASIK procedure.
LASIK eye surgery promises the freedom of clear vision without the hassle of glasses or contacts. But the cost of the procedure can be a barrier for many. Understanding the true cost of LASIK is important for anyone considering the procedure. Several factors contribute to the overall cost of LASIK eye surgery.
In the United States, the average cost of LASIK is around $2,200 per eye. This means that the total cost for both eyes is usually around $4,400. However, it’s important to note that these figures are just averages and that the actual cost of LASIK can vary significantly.
The experience and reputation of your surgeon can impact the cost of your procedure. Surgeons with a great track record and years of experience often charge more. The type of procedure you choose can also influence the cost. The more advanced the technology, the higher the cost. For example, the excimer laser, which is used for most LASIK surgeries, is more expensive than the femtosecond laser.
The location of the surgery center can also play a role in the overall cost of LASIK. Just like the cost of living varies from place to place, so do the market rates for medical services. To get a better understanding of the cost of LASIK in your area, it’s a good idea to research and compare prices from multiple surgeons and clinics.
Knowing the full picture of LASIK costs can help you make the best decision for your vision and your budget. By understanding the factors that contribute to the cost of LASIK, including surgeon experience, laser type and your location, you can approach the process with confidence and clarity.
The price of LASIK surgery is a common concern for those considering this life-changing procedure. The good news is that there are several financing options available to make LASIK more affordable. These options include traditional loans, credit cards with special financing, patient financing plans, and flexible spending accounts (FSAs) or health savings accounts (HSAs).
Traditional loans from banks or credit unions are a viable option for financing LASIK surgery. They often come with competitive interest rates and may be the perfect choice for those with good credit. However, they may require a down-payment and have strict repayment terms.
Credit cards with special financing can also be used to finance LASIK surgery. Some credit card companies offer 0% interest financing for a promotional period, which can make LASIK more affordable in the short term. However, it is essential to pay off the balance in full before the promotional period ends, or you will be charged interest on the entire amount.
Flexible spending accounts (FSAs) and health savings accounts (HSAs) are other smart ways to manage LASIK costs. These employer-sponsored accounts offer tax benefits and may even come with contributions from your employer. Just keep in mind that FSAs have annual contribution limits, and HSAs are typically tied to high-deductible insurance plans.
But one of the best options for you could be one you may not even know about: The first-of-its-kind Healthcare Spending Card. Designed specifically for healthcare, this Card can help you get the care you need, when you need it – and pay for it a smarter way. More on this below.
Of course, the best financing option for LASIK surgery is the one that fits your unique financial situation and credit history. Research and compare the different options available to find the best fit for your needs. By carefully considering your financing options, you can make LASIK surgery a reality and enjoy the benefits of clear vision without glasses or contact lenses.
The Healthcare Spending Card can provide a smart financial solution that can make LASIK more affordable. Take advantage of the Card’s flexible repayment options and spread your LASIK surgery cost over time, making it easier to fit into your budget. Plus enjoy 0% financing2 over 4 months for your Lasik surgery (as well as for qualified healthcare expenses). The Card can be used anywhere Visa is accepted for qualified healthcare expenses – and with no annual fee2 the Card can be there for you when you need it and not cost you anything when you don’t.
It's simple to use your Healthcare Spending Card for LASIK surgery. Just present it at the time of your procedure to pay for your surgery. From there, you can manage the remaining balance with 4 monthly payments at 0% interest2when using the pay-in-4 feature. Or spread the cost of the surgery over 12 months to repay with fees.
If you're considering LASIK surgery, the Healthcare Spending Card is a great way to make it happen. With its flexible financing options and wide acceptance, the Card can make it easier to get the vision correction you need. So don't let the stress of having to pay upfront keep you from achieving the vision you deserve. Worrying about affording LASIK can be a thing of the past with the Healthcare Spending Card.
Take the first step towards better vision today and learn more about how the Healthcare Spending Card can help you get the care you need!
1 Lane Health is a financial technology company, not a bank. The Healthcare Spending Card is issued by Lead Bank pursuant to a license from Visa USA Inc.
2 Lane Health does not charge interest on, or an annual fee for, the Healthcare Spending Card. “0% financing” pertains to repayment options that do not charge interest (0% interest) nor fees ($0 fees). Each Advance can be repaid in full, 4-month term or 12-month term (with a minimum $3 due each payment period). Transactions other than qualified hospital expenses (based on merchant category code) will be charged an origination fee of 5% and periodic finance fees. The location of the service provider is not determinative of whether a transaction is a qualified hospital expense. Rather, transactions made within or at a hospital (including but not limited to specialists, doctors, pharmacies, etcetera) are determined to be eligible by the associated MCC and not the location of the service provider in the hospital. New Advances, if eligible, can be repaid in full or over 4 installments with no origination or periodic finance fees. Late fees apply. You can review the fee table at https://lanehealth.com/hsc-lb-fees
