FSA & HSA Vision Benefits

Understanding FSA & HSA Vision Insurance and Benefits

Insurance coverage has evolved over the decades. Today, in addition to traditional vision insurance, there are Flexible Savings Accounts (FSA) and Health Savings Accounts (HAS) that people can use to cut the cost of medical, dental, and vision services. The talented staff at Total Eyecare in Elko NY know all about these types of vision insurance accounts and we can help you to get the most of your plan.

How Does FSA Vision Insurance Work?

A flexible spending account allows workers to automatically deposit a portion of each paycheck into a special account. These funds can be used to pay for expenses that are not covered by vision insurance. This money is tax-free so that each dollar goes farther.

However, this money is only good for the calendar year. Any amount that has not been used by December 31st is forfeited. While this may seem like a major drawback, all it means is that you need to make sure you take full advantage of the plan prior to the end of the year. So, schedule that eye exam, pick out new frames, and/or order new contacts before the end of the year.

How Does HSA Vision Insurance Work?

Some vision insurance companies offer an HSA rather than an FSA. An HSA is typically offered with vision insurance plans that have a high deductible. The money contributed to an HSA accrues interest and – best of all – does not expire at the end of the year. It can be used as a rainy day fund for emergency medical expenses or to offset vision expenses not covered by vision insurance.

Contact Our Total Eyecare in Elko, NV Today!

Do not get bogged down in the details, visit your optometrist in Elko and let us help you wade through the murky waters of vision insurance. Let us help you make sure you get the most out of your vision insurance, FSA, and HSA plans. To schedule an appointment, call the friendly helpful staff at Total Eyecare at (775) 738-8491 or stop by our offices in Elko NY today.

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7:30 am - 6:00 pm

Tuesday

7:30 am - 6:00 pm

Wednesday

7:30 am - 6:00 pm

Thursday

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Friday

7:30 am - 6:00 pm

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Monday
7:30 am - 6:00 pm
Tuesday
7:30 am - 6:00 pm
Wednesday
7:30 am - 6:00 pm
Thursday
9:00 am - 6:00 pm
Friday
7:30 am - 6:00 pm
Saturday
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Sunday
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