Defraying Eye Surgery Cost: Insurance and Financing
Most vision insurance plans don't cover refractive surgery because they consider it cosmetic. However, some employers make arrangements with a given LASIK center (or refractive surgery center) for a special price. Also, you may qualify for a tax deduction for refractive surgery, so check with an accountant.
You may be tempted to choose a surgeon based only on the fee charged, but that is not smart. What is better is to choose the best surgeon you can find and then, if you need it, get the most affordable financing you can. Think of it this way: If you choose Surgeon A who charges $400 less than Surgeon B, but you know that Surgeon B has more experience, you are risking your vision for the sake of $1 per day over the course of 13 months. Is the higher risk really worth the monetary savings?
Financing is available for LASIK and other vision surgeries. Several financing companies specialize in elective procedures and offer plans with fixed rates and long-term payments. Most LASIK surgery centers and private medical practices work with one of these companies to offer a financing plan to their patients.
Note that some large companies, such as Microsoft Corp., are now offering subsidized health plans that cover at least part of LASIK costs. If you work for a major company, ask about possible benefits that might cover elective corrective eye surgery procedures