Baltimore Washington Eye Center, Maryland

Friday, November 25, 2011

FLEX for LASIK

The end of the year is fast approaching. As you know, those Flex Spending Accounts, or FSAs, need to be used or the benefits are lost. Were you aware that LASIK costs 30% less if you use your Flexible Spending Account this year? That's right, because beginning in January 2013 FSA benefits change. Currently, there is no federally imposed limit on FSA amounts. After December 31, 2012, FSA accounts will be capped at $2,500 by the federal government.

If you are planning a big elective medical or dental procedure — like LASIK, braces or long-needed tooth implants or caps — you may want to schedule these treatments while you can still pay for a big chunk of the out-of-pocket expenses with pretax dollars.