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By using a Health Spending Account for small business, you can write off your medical expenses, get 100% coverage, and instant online claims. Have your small business pay for your vision expenses and save up to 30% on your costs.
While traditional health insurance plans will offer vision coverage, it is rare for a policy to cover more than $250 every two years for vision related expenses. For most people, $250 will not cover the full costs of a new pair of glasses and as a result a large expense can end up being paid out of their own pockets. With a Health Spending Account, your business can cover 100% of the cost of any of these expenses.
You can even have your business pay for 100% of your laser eye surgery – and receive the benefit completely tax-free!
Insurance companies will typically cover a small portion of vision related expenses - often up to $250 every two years. So even if you have a health and dental insurance plan in place, the majority of these costs will not likely be covered. This uncovered portion would be an eligible expense with a Health Spending Account.
Total cost for glasses: | $750 |
Insurance coverage: | $250 |
Uncovered amount: | $500 (eligible with a Health Spending Account) |