Flexible Spending Account Savings Calculator

A Flexible Spending Account (FSA) is one of the most versatile yet underutilized benefits offered today. An FSA is a benefit, offered by employers, that allows their employees to pay for eligible health care expenses, such as LASIK, with pre-tax dollars. Use TLC's simple FSA Savings Calculator to find out how much you can save by using your FSA to pay for LASIK. Enter your income, tax filing status, and estimated cost of LASIK below to see how a flexible spending program can save you up to 30%* off the cost of LASIK.

Household Income:
(Annual Gross)

$

Enter annual gross household income.

Filing Status:
(Select One)

SingleMarried, Jointly FileMarried, Separate FileHead of Household

Anticipated Out-of-Pocket costs for LASIK surgery:

$

Costs range from $3,500 to $4,500. Your costs will vary. For your cost schedule a FREE consultation.

 

	With Spending Account	Without Spending Account
Annual Income:
Money for LASIK put into FSA:		$0.00
Taxable Income:
Estimated Federal Withholding:
Estimated FICA:
LASIK Expenses (non-FSA):	$0.00
Net Income:

Your tax savings will be approximately:

That's a savings of %!

*Actual FSA savings will vary based on your individual tax situation.

Please be advised that these projections are only estimates of tax information and should not be assumed to be tax advice. Be sure to consult a tax advisor to determine the appropriate tax advice for your situation. Please contact your employer's benefits representative if you have questions concerning how your employer's plan offering works, or with questions regarding whether specific types of expenses are covered under it. Carefully plan for expenses as any unused funds will be forfeited following the end of your plan year.