The Cost of Laser Eye Surgery

Many people who wear glasses would like to have laser eye surgery but they are not sure of the costs and if it is covered by public or private insurance. The basic answer is no, laser eye surgery is not covered by insurance as it is considered cosmetic surgery.

There is no insurance agency that is going to cover cosmetic surgery unless it is due to a severe accident and the surgery is required to repair areas where skin is lost or destroyed. So, since having laser eye surgery does not fall into that category, no one is going to be able to claim this on their insurance in order for it to be paid for.

So how does one pay for this procedure when they are either on a fixed income or a budget? There are a few ways that this surgery can be either wholly or partially paid for.

1. Payment Plan – The average cost of laser eye surgery is around twenty five hundred per eye. This can change for discounts or deals that the surgeon is offering so this is not a set price. In many cases, if a person has good credit, they can get laser eye surgery on a payment plan with the surgeon. Typically, they are going to need to put down a deposit of fifty percent. Again, this is going to be determined by the surgeon and what their requirements are. After the surgery, monthly payments are going to made to pay for the full surgery. Many people are using this method as it is a way to get their surgery done without having to front the entire cost.
2. Tax Benefit – Any year that someone has surgery or medical bills that are paid out of pocket they are entitled to a tax break in the United States. This tax credit usually takes at least twenty percent of the full cost of the procedure off of the taxes for that year. This can be a huge break for some who are struggling and who need to have a better refund for the year that the surgery was performed. As everyone knows, any little bit can help. Twenty percent can add up to a good figure when tax time rolls around. Make sure that all receipts for payment are saved so that if they are asked for by your tax professional or the IRS they can be available as proof of the cost. This is going to be the only way that proof is available if there is an audit or if they are needed in the future.
3. Personal Loan- Those who are in good standing with their financial institutions may be able to get a personal loan to pay the upfront costs of having laser eye surgery. This can mean a lower interest rate than the surgeon is going to charge and no upfront deposit is going to be needed. It is important to have good credit when applying for a loan for medical procedure.

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