Can I Afford LASIK?

The two big questions most people ask about LASIK once they know they’re a candidate are: “Can I afford LASIK on my budget?” and “Do I have to juggle quality of outcome with cost?”

The first answer is ‘Yes, LASIK is definitely within the budget of any working household.’

Lipstock LASIK and Cataract Center offers some of Virginia’s most generous extended payment Financing Options for LASIK and other vision correction technologies through Care Credit which includes quick online approval.

  • Extended Payment Plans – 24, 36, and 48 month term plans, fixed monthly payments, low annual percentage rate, no pre-payment penalty
  • Zero-interest payment plans- While the average US cost of blade-free Custom LASIK can range up to $3,000 per eye, at Lipstock LASIK and Cataract Center we provide state-of-the-art, blade-free Custom LASIK for $2,250 per eye. We also offer 0% interest financing for 24 months, which works out at around $6 per day for both eyes – or maybe what you’re already spending each day on coffee and snacks.
  • Our Best Price Guarantee- We will GUARANTEE to match any Richmond LASIK center’s price for wave-front guided, Blade-free Custom LASIK and if that price is lower than ours, we will deduct an additional $25 per eye just for the heck of it!
  • Flex Plans/Cafeteria Plans- Flex Plans are the very best way to pay for LASIK and one that many folks can use but few even know about. Thousands of companies offer their employees this versatile but underutilized benefit.

Flex Plans or Cafeteria Plans are not only recession proof but you can save up to 50% on blade-free LASIK – and they come with guaranteed approval. Sounds incredible doesn’t it? It gets even better because you don’t need any cash to get started.

If you or your spouse have a Flexible Spending Account (FSA) or Cafeteria Plan, you can use pre-tax dollars for your LASIK and still take advantage of our 0% financing for up to 24 months – and Dr. Lipstock’s 20/20 Money Back Commitment.

How it works
FSAs are not just a savings account. They save you money by decreasing the amount of taxes you pay.

Money set aside in an FSA escapes federal and state income tax and Social Security tax. For instance, if you make $35,000 per year and pay 16% Federal Tax; 6% State Tax, and 7.65% FICA Tax, your total payroll taxes would be $10,377. However, if you contribute $3,000 to your FSA you would pay the same percent of taxes on only $32,000. This would give you net savings of approximately $900. The higher your tax bracket, the more you save. By law, the maximum amount you can contribute to an FSA is $5,000, but most companies limit contributions to $2,000 or $3,000.

Have your LASIK now – Most companies allow you to spend the money at any time during the year without the full amount having accumulated in the account.

Check with your Benefits Manager at work to find out if your company offers Flex Plans. If so, ask for an enrollment form. Some companies enroll in late Fall, others in early Spring.

The most important point to know about using your FSA is that you MUST make sure you are a good candidate for LASIK BEFORE you set aside any money in your plan. Schedule your FREE LASIK Evaluation right away and we’ll help you work out how to use your pre-tax Flex Plan dollars.

  • Paying for it already? An Insurance Industry survey in 2007 estimated that lens-wearers will spend up to $12,000 over the next 10 years for new prescriptions, new frames, new contacts, solutions, preparations, and replacements – the price mounts up compared to the one-time cost of LASIK at less than a quarter of that total.