Temporary Change for 2022 Flexible Spending Accounts (FSA)


If you have a Flexible Spending Account (FSA), 2022 may be your only chance to pay for your entire LASIK procedure using pre-tax dollars.

According to the IRS, Laser eye surgery is a qualified expense for use of FSA funds. In previous years, patients were able to pay for part of their LASIK procedure using pre-tax dollars set aside in their flexible spending account. But, because of contribution limits established by the IRS, most patients were not able to pay the entire fee for the correction of both eyes. More recently, in light of the financial stress of the pandemic, the government put some temporary changes in place to benefit employees with FSAs. One of the temporary changes that were put in place was the Consolidated Appropriations Act 2021.

The Consolidated Appropriations Act, 2021 permits employers to amend their flexible spending account plans to help participants avoid forfeiting unused amounts for the 2020 and 2021 plan years. The federal government gave employers the opportunity to extend the deadlines for workers to use up their flexible spending dollars. Additionally, employers can also allow employee accounts to be rolled over into 2022. Because of the Consolidated Appropriations Act 2021, you may be able to cover the cost of your entire procedure with your accumulated funds.

FSA contribution limits

2021 – $2750

2022 – $2850

If your employer elected to allow you to carry over your full amount, you may have as much as $5600 pretax dollars available for your use in paying for an elective procedure such as LASIK, PRK, or SMILE. ($5600 assumes that you have not used any of your FSA dollars in 2021 and that you elected to put aside the maximum amount allowable.). The average cost of LASIK in the United States is approximately $4200 in the United States per the American Refractive Surgery Council.

If you have a Flexible Spending Account, speak with your benefits manager to get the specifics about your benefits and how this rule exemption affects your plan.

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Avon
Office & Optical

36505 Detroit Road
Avon, Ohio 44011

440-934-5816

Avon Lake
Office & Optical

33398 Walker Road, Suite B
Avon Lake, OH 44012

440-933-3214

Avon Pointe
Office

36991 American Way
Avon, Ohio 44011

800-875-0300

Beachwood
Office & Optical

25101 Chagrin Boulevard, Suite 150
Beachwood, OH 44122

Office Staff:  216-359-1734
Optical: 216-359-3002

Bedford
Office & Optical

320 Broadway Ave, Suite C
Bedford OH, 44146

440-439-2700

Brecksville
Office

7001 S. Edgerton Rd., Suite B
Brecksville, Ohio 44141

440-526-1974

Cleveland
Office & Optical

2740 Carnegie Ave.
Cleveland, Ohio 44115

216-621-6132

Elyria
Office & Optical

1180 E. Broad St.
Elyria, Ohio 44035

440-366-6969

Lorain
Office & Optical

1710 Cooper Foster Park Road W
Lorain, Ohio 44053

440-960-2020

Hudson
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130 W. Streetsboro St.
Hudson, OH 44236

330-653-8500

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