Pay for LASIK/PRK with your FSA or HSA

Q: Can I carry over balances from an FSA or HSA, or use future savings to pay off a balance?

FSA balances are generally subject to the "use-it-or-lose-it" rule, although some companies may allow a grace period for filing claims. Due to this rule, it’s important to plan ahead for larger medical expenses to ensure you have an adequate FSA balance. You cannot use FSA dollars saved in one year to pay for a procedure completed in a previous year, even if you are still making payments on that procedure. HSA balances have a carryover feature, allowing patients to save pre-tax dollars and use them as needed. This means that money contributed to your HSA in past years can be used for procedures performed in future years, making it a valuable option for managing healthcare costs over time.

At Eye Surgeons of Indiana, we’re committed to making high-quality, thoughtful medical care accessible to patients across the state. Learn more about our FSA and HSA payment options below.

Leverage Pre-Tax Dollars for Procedure Savings

Using your Flexible Spending Account (FSA) or Health Savings Account (HSA) to pay for LASIK/PRK eye surgery is an excellent way to utilize pre-tax dollars and save money. Many patients have covered a significant portion or even the entire cost of their procedure using funds from their FSA or HSA accounts. Our financial specialists are available to answer any questions you might have and make applying these benefits simple. Below, you’ll find the most frequently asked questions about using an FSA or HSA for LASIK/PRK.

FSA / HSA Coverage Frequently Asked Questions

Can I carry over balances from an FSA or HSA, or use future savings to pay off a balance?

FSA balances are generally subject to the “use-it-or-lose-it” rule, although some companies may allow a grace period for filing claims. Due to this rule, it’s important to plan ahead for larger medical expenses to ensure you have an adequate FSA balance. You cannot use FSA dollars saved in one year to pay for a procedure completed in a previous year, even if you are still making payments on that procedure.

HSA balances have a carryover feature, allowing patients to save pre-tax dollars and use them as needed. This means that money contributed to your HSA in past years can be used for procedures performed in future years, making it a valuable option for managing healthcare costs over time.

What are the differences between an FSA (Flexible Spending Account) and an HSA (Health Savings Account)?

Both FSA and HSA accounts are pre-tax accounts that can be used for LASIK/PRK. Typically, FSA accounts are associated with traditional health plans, while HSA accounts are linked to high-deductible plans. Unlike FSAs, HSAs offer a perpetual carry-over feature, allowing money left over from one year to be carried forward and used for expenses in future years.

What are the contribution limits to FSAs and HSAs, and can they be used to cover LASIK/PRK expenses?

For Flexible Spending Accounts (FSAs), the annual contribution limits for 2026 are set at $3,400 per year for an individual. LASIK/PRK costs can vary based on factors such as your prescription, the recommended laser, and the treatment package needed for your specific vision correction.

For Health Savings Accounts (HSAs), the annual contribution limits for 2026 are $4,400 for self-only coverage and $8,750 for family coverage. Those 55 and older can contribute an additional $1,000 as a catch-up contribution.

You can use your entire FSA or HSA contribution to pay for LASIK/PRK, and if there’s any remaining balance, you can cover it with a credit card or an approved financing plan.

How can I save money and benefit from using my FSA or HSA for LASIK/PRK?

FSA and HSA contributions are usually deducted from payroll on a pre-tax basis and can be used for qualified medical procedures, including LASIK/PRK. Because these funds are taken out before taxes are applied, their value is greater than that of after-tax dollars. Utilizing Flexible Spending and Health Savings Accounts is an effective way to save on LASIK/PRK, as they allow you to use pre-tax funds.