When You know you need an eye care procedure, the question should be WHEN, NOT HOW.
At Collom & Carney Eye Institute Dr. Northam is dedicated to making LASIK surgery and all vision correction procedures more affordable to everyone who desires a better way to see. Because financing is a common concern associated with LASIK, we pride ourselves in making it affordable for almost everyone to lift the weight of those financial concerns. Whether it’s 0 down & 0 financing through one of the financing companies we partner with OR low monthly payments with 0 down & low interest payments, we have a plan to fit your budget. We accept all major credit cards AND offer a cash discount if you prefer to pay up front. Our refractive coordinator can provide complete financing information during your free LASIK consultation and help you select the finance plan that best meets your needs.
Up Front Discount
If paying for your refractive procedure up front (Cash/Check/Cashier’s Check) a discount will be given. This discount ranges between $150 – $300 depending on the procedure being performed. The payment is required the day the procedure is performed.
In House Financing (Collom & Carney)
Dr. Northam offers In House financing for patients who would like to make a down payment for ½ the procedure amount. By paying at least ½ the procedure amount you will get a cash discount of $100 – $200 off your procedure. The other ½ will be set up by bank draft through your checking account for 6 months interest free.
CareCredit® is North America’s leading patient payment program. CareCredit® lets you begin your procedure immediately — then pay for it over time with low monthly payments that fit easily into your monthly budget. The CareCredit® card works just like a regular credit card, but is exclusive for healthcare services. CareCredit® offers low monthly payment plans for healthcare procedures not commonly covered by insurance, including LASIK and advanced lens implants. Now you don’t have to save up for years to finally get the vision you’ve always wanted. We’ll help you see clearer, sooner.
Care Credit Payment Options:
No up-front costs, pre-payment penalties or annual fees
- 0 Down & 0 Interest for 24 Months
- 0 Down & Low minimum monthly payments
FLEXIBLE SPENDING ACCOUNTS
can make laser vision correction even more affordable, and thousands of companies now offer their employees this versatile – yet underutilized – benefit, sometimes referred to as a “flex plan” or “cafeteria plan.” An FSA (Flexible Spending Account) can save you hundreds of dollars on medical bills and can be used to pay for laser vision correction. Depending on your tax bracket, using an FSA to pay for vision correction could save you up to 50 percent.
Money set aside in an FSA escapes both federal and state income tax and also Social Security tax. 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. FSAs are not just a savings account. They save you money by decreasing the amount of taxes you pay. 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.
How to Enroll in an FSA
Check with your benefits manager at work to find out if FSAs are offered by your company. Employers open enrollment for FSAs only occurs once a year. Some enroll in late fall and some in the spring. When your benefits manager sends out an enrollment form, fill it out immediately. You’ll probably only have a week or two to sign up. On the application, you’ll need to decide how much of your salary you want deducted from each paycheck. This money will be deposited in your health care FSA. Most companies allow you to spend the money any time during the year, even when it has not fully accumulated in your account.
What to do Next
If you are unsure of which financial option you would like to use, our experienced Refractive Coordinator can answer any question may have. If you are considering financing through Care Credit our Refractive Coordinator can help you fill out an application at our office and find out within minutes whether or not you are approved. If choosing to do in-house financing, that paperwork will be filled out in the office prior to your refractive procedure. If using a Flexible Spending Account you will be paying up front for your procedure and will receive our up front additional savings. Regardless of which option you choose you will be happy to finally be free from the hassle of glasses and contact lenses.