Imagine waking up and seeing clearly that you have another 45 minutes before the alarm goes off or being able to read the morning newspaper without having to first hunt for your reading glasses. Imagine going to bed without having to peel sticky contacts from your eyes or traveling without packing an extra pair of contacts…just in case. Perfect vision is possible through a number of vision correction procedures at Bernitsky Vision, and they may be more affordable than you think!
Vision Correction Pays for Itself
When you add up the cost of glasses, contacts, solutions and eye doctor exams, in just a few years, you find that you are spending a lot of money to correct your vision on a temporary basis. When you opt for vision correction surgery, whether it be LASIK, ICL, RLE or PRK, you do spend more up front, but you “earn” it back in the course of a few years since you no longer have to buy solutions, cases, lenses, frames, etc. Your vision will be permanently corrected and typically stable. The only expense that remains is periodic exams to maintain your eye health.
Using Your FSA or HSA
Many employers in the Albuquerque area, including UNM, PNM, Intel, the national labs, Kirtland AFB and most city government agencies, provide health benefits through a flexible spending account (FSA) or healthcare spending account (HSA) that may be used for vision correction surgery. FSA or HSA funds are deducted from your paycheck before taxes. That means that you save the same percentage you pay in taxes (depending on your tax bracket) on a vision correction procedure paid for with these funds. So, for example, if you pay an average of 20% of your income in taxes and your vision correction procedure is $3,000, if you pay out-of-pocket, you will pay $3,000 + taxes on that $3,000 of income. But if you pay using pre-tax FSA or HSA funds, the cost of the procedure is tax-free, essentially saving you $600!
Using FSA or HSA funds does take some planning. If you are not already enrolled, watch for open enrollment periods, usually in the fall so that funds become available on the 1st of the new year. FSA plans must be used in the calendar year, so you may need to budget other medical expenditures to allow sufficient funds for vision correction surgery. HSA funds, on the other hand, rollover, so if you’ve been in good health and had minimal medical expenses, you may already have funds at your disposal for vision correction.
Care Credit Financing Options
If your employer does not offer FSA or HSA as part of your benefits package, Bernitsky Vision provides several financing options through Care Credit to make vision correction surgery affordable.
Option 1: Short Repayment Terms with No Interest
Vision correction surgery is a more manageable expense when you can split the cost over several months without accruing interest, and that’s exactly what Care Credit allows you to do with their “no interest if paid in full within promotional period payment options.” Once you apply and are approved for a line of credit (amounts vary), you can schedule your vision correction procedure at Bernitsky Vision. When you pay using your Care Credit account, you have 6, 12 or 24 months to pay your balance. You get to choose the period of time over which you make payments (most of our patients choose 12 months). As long as you pay in full by the end of that period, there is no interest!
Splitting the cost of vision correction into 1/12th of the cost is much more budget-friendly than paying a lump sum or paying interest.
Option 2: Longer Repayment Terms with Reduced APR
Vision correction may not be the only investment you make in your or your family’s health and well-being this year, so if you need longer than 24 months to make payments, Care Credit has another option. You can select longer repayment terms—24 to 60 months (minimum financed amounts of $1,000 to $2,500 required) with a fixed interest rate that is significantly reduced from the rate applied to balances left after promotional periods.
A Word of Caution
The money it takes to get vision correction surgery should not be your only consideration. We’ve had patients come to us to fix issues resulting from past vision correction surgeries, and many of them report choosing the original vision correction clinic because of advertised reduced-cost procedures or specials.
Vision correction is one place where you get what you pay for. If you pay a significantly lower amount than what we quote for service at Bernitsky Vision, you may be settling for dated technology, sub-standard pre- and/or post-operative care or even a vision corrections solution that just doesn’t work for your eyes.
Making Sure Vision Correction Fits Your Life
At Bernitsky Vision, we want to make sure that vision correction fits your life. We take the time to understand your vision correction goals and your lifestyle. We offer many options so that we can find a procedure that will successfully correct your vision impairment (e.g. nearsightedness, farsightedness, astigmatism, cataracts, etc.) even with other eye conditions like dry eyes or thin corneas.
As part of our vision correction consultations, we also take the time to make sure that vision correction fits into your budget. We take the time to explain all of your financing options so that you can afford quality vision correction surgery.
To explore your vision correction and financing options, contact us to schedule a consultation with Dr. B!