Is LASIK Covered By Insurance? Find Out How One Patient Managed To Save Thousands

Is LASIK Covered By Insurance? When Raymond Tan (not his real name) first considered getting LASIK surgery to correct his myopia, he assumed it would be a straightforward procedure—albeit an expensive one. But thanks to timely financial advice and a prudent eye check-up, his path took an unexpected turn that not only restored his eyesight but also allowed him to make an insurance claim for the entire procedure.

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Is LASIK Covered By Insurance?

During a routine financial review, Raymond shared his plans for LASIK surgery with his financial consultant. She immediately pointed out that LASIK is generally regarded as an elective procedure, meaning it typically isn’t covered under medical insurance. However, she also explained that certain eye surgeries, such as those for cataracts or glaucoma, could be claimable if medically indicated.

Eye Screening Uncovered Cataracts – A Condition Covered By Insurance

Prompted by this insight, Raymond scheduled an ophthalmic examination before moving forward. To his surprise, the check-up revealed he had the early stages of cataracts. The condition wasn’t severe, but it presented a valid medical basis for corrective surgery that could also address his myopia.

With guidance from his financial consultant, Raymond proceeded with cataract surgery using premium intraocular lenses. These advanced lenses not only replaced the clouded natural lens but also corrected his vision—achieving the same outcome he had hoped to get through LASIK. The cost of the surgery was substantial, with each eye amounting to approximately $8,000, and additional follow-ups bringing the total to around $20,000.

However, because the procedure was medically necessary, his insurance policy covered the costs. His financial consultant ensured all documentation and approvals were in place, allowing the claims process to proceed smoothly and efficiently.

This experience underscores the importance of having a skilled financial advisor. Beyond simply managing investments, a knowledgeable advisor can provide strategic guidance in navigating complex healthcare claims and understanding what procedures are or are not covered. They can identify opportunities where proper planning turns a potential financial burden into a fully claimable event.

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Why A Good Financial Advisor Makes A Difference

In a complex and fast-changing insurance landscape, a well-informed financial advisor is your best ally. They understand the nuances of different policies, can foresee potential claim scenarios, and help you structure your coverage effectively. More importantly, they act as your advocate during claims—ensuring documentation is complete, responses are prompt, and your benefits are maximised.

Are You Adequately Protected?

Medical surprises can happen at any time. Don’t leave your financial health to chance. Ensure you’re fully covered and understand the scope of your insurance. If you are looking to speak to a financial advisor in Singapore, contact us for assistance.

Our Preferred Financial Advisor: Melissa Mok (Master Financial Consultant In Singapore)

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