Are you tired of the inconvenience of having to wear glasses or contacts? If so, you might consider becoming one of the over 10 million people in the United States to get LASIK eye surgery.
While LASIK sounds like a great option, you’re probably also wondering, “How much does LASIK cost?” The price varies by location and technique used, but you’ll likely find you pay anywhere from $1,500 to $3,000 for each eye, or $3,000 to $6,000 total.
If the high cost surprises you, don’t worry! From insurance benefits to affordable payment plans, you have many ways to fund your LASIK cost.
Read on to see four options that can help you with the cost of LASIK.
Check Your Vision Insurance Coverage First
While it’s not often that your vision insurance provider pays for the full cost of elective LASIK, you might still have some discounts or partial coverage.
For example, you might get 10 to 50 percent off your surgery so that you have less to finance. In some cases, your insurance might give you a better discount if you use certain providers.
It pays to both ask your insurance company and preferred LASIK center about potential coverage so you can shop around.
Ask Your Eye Care Provider About Payment Plans and Specials
Many vision care centers offer their own LASIK financing plans where you can pay installments for a set time period, often between 12 and 48 months.
Depending on your payment term, you might even get this benefit without interest or a down payment. This makes a LASIK payment plan a better choice than loans or credit cards.
Along with offering payment plans, you’ll often find that eye care centers run specials where you can get both eyes done at a discount. These are often all-inclusive, so you won’t have to worry about extra examination fees.
Finance the Cost of LASIK with Medical Savings Accounts
If you have a health savings account or flexible spending account at your work, you can use those funds to finance part or all of your LASIK eye surgery cost. The money from these accounts is tax-free, meaning you get some savings at the same time.
You can even create your own personal financing plan by setting up one of these accounts at work and contributing a set amount monthly. When it’s time for your LASIK surgery, you’ll have the funds you need without having to worry about the interest from a loan or credit card.
Better yet, you can still use your medical savings account along with any insurance benefits you have.
Use a Personal Loan or Credit Card
If your vision care provider doesn’t offer its own financing plan and you don’t have a medical savings account, then taking out a personal loan or using a credit card is another LASIK financing option.
Using a personal loan to pay for your LASIK eye surgery cost gives you the benefits of a fixed interest rate and a set payment term that might range from one to seven years. You’ll often find the interest rate to be lower than with a credit card. You can apply for a an online installment loan through various lenders or visit a local bank.
If you already have a credit card, you may find it more convenient than applying for a personal loan. However, keep in mind that your interest rate may be higher, meaning you’ll pay more unless you can pay off your LASIK surgery rather quickly.
Find the Right LASIK Financing Option for You
With all these LASIK financing options to choose from, you’re ready to tackle the cost of LASIK and start living without your glasses or contacts.
It’s recommended to get some price quotes from different eye care providers and to ask about their different payment plans and specials. You can also look out for any discount offers shown on advertisements in your community.
For more personal finance advice, don’t forget to check out the other articles in our blog! Here are some other articles you might find helpful:
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