Financing Options

and

Insurance

 

Today, there are an amazing array of procedures that can help you to achieve your best possible vision. Some of these procedures are considered medically necessary and may be covered by your medical or vision insurance. Other procedures such as LASIK, PRK or “Lifestyle” Intraocular Lenses (IOLs) are often considered as ‘elective’ and require the patient to pay an additional cost. The good news is that there are a variety of financing options available that allow you to choose and undergo the procedure you need or want.

1. Cash/check
2. MasterCard, Visa
3. CARE Credit
4. Flexible Spending Account
5. Vision/Medical Insurance

CARE Credit

What is CARE Credit?

CARE Credit is a revolving line of credit that can be used by an individual or family to pay for vision and eye care treatments. CARE Credit is currently being used by over 7 million patients and 100,000 healthcare practices in North America. CARE Credit offers an alternative to consumer credit cards, has flexible options, and there is no annual fee.

Promotional Payment Plans offered by CARE Credit include a No Interest Option and a Low Interest Extended Payment Plan, both of which require minimum monthly payments.

Applying for CARE Credit is quick and easy. Choose one of the options listed below to have your application processed immediately by the credit center, open 24/7 for your convenience.

~ Standard Application: Ask the office staff of your vision care professional for an application, fill it out completely, and return it to the office staff for processing.

~ Online Application: Go to www.carecredit.com and complete the application online. You will receive an immediate decision after which you may contact your vision care professional to schedule your procedure.

~ Automated Phone Application: Call (800) 365-8295 and follow the prompts. You will receive an immediate decision after which you may contact your vision care professional to schedule your procedure.

For complete information on CARE Credit go to http://www.carecredit.com and consult with the staff of your vision care professional to assist you with your particular circumstances.

Flexible Spending Account

What is a Flexible Spending Account?

A Flexible Spending Account (FSA) is a tax-favored financial program offered by an employer in the United States allowing employees to set aside a designated portion of their wages (pre-tax dollars) to pay for eligible out-of-pocket health care expenses.

The most common FSA, Medical Expense, is used to pay for medical expenses not covered by insurance such as deductibles, co-payments, dental and vision expenses, and over-the-counter medications. FSA Medical Expense funds cannot be used for “general health items” or cosmetic surgery, but are designated for use to treat or prevent specific medical conditions.

Although limited in scope of coverage, this type of account can provide funding for certain vision and eye care procedures with some advance planning. If you have a Medical Expense FSA account through your employer and are considering medically-necessary vision or eye care procedures, consult with your vision care professional to discuss and plan for your particular case. Afterwards, follow-up with your employer will be necessary in order to determine eligibility for their specific Medical Expense FSA requirements.

For complete information on Flexible Spending Accounts, refer to the FSA website at https://www.fasfeds.com in addition to speaking with your employer regarding the specifics of their FSA program offerings.

Medical/Vision Insurance

OPI accepts several major insurance plans including:

• • Aetna
• • Anthem
• • Cigna
• • Medical Mutual
• • Medicare
• • Ohio Workers Compensation
• • Tricare
• • United Health Care