As the end of the year approaches, it’s a good time to review your health benefits and consider whether you have unused vision coverage. Depending on your extended health plan and the type of treatment you’re considering, some vision care expenses may be eligible for coverage. Certain medical expenses may also qualify for tax credits.
Check Your Extended Health Benefits
Many extended health plans include coverage for vision-related expenses, but what’s included and how much is covered varies from plan to plan. While routine eye exams, prescription glasses, and contact lenses are commonly included, some plans may also provide coverage toward certain eye procedures, including laser vision correction.
If you’re considering an eye procedure, review your benefits booklet or contact your insurance provider directly. Look for categories such as vision care, laser eye surgery, laser vision correction, or refractive surgery.
It’s also important to check when your benefits reset. Some plans operate on a calendar year and reset on January 1, while others may have a different benefit period. If you have unused coverage that expires at year-end, it may be worth exploring your options before the deadline.
Can Eye Surgery Qualify as a Medical Expense for Tax Purposes?
Some vision-related expenses may qualify for the Medical Expense Tax Credit (METC) in Canada. The Canada Revenue Agency (CRA) lists certain vision-related expenses, including laser eye surgery performed by a medical practitioner, among eligible medical expenses.
Eligibility depends on the specific expense and your individual tax situation, so it’s always best to check current CRA guidelines or speak with a qualified tax professional before making decisions based on a potential tax credit.
Planning Ahead Matters
If you’ve been thinking about vision correction, waiting until the last few days of December may not leave enough time for a consultation, assessment, or procedure. Starting the conversation earlier gives you time to understand your options, determine whether you’re a candidate, and check what your benefits may cover.
It can also help you plan the timing of eligible medical expenses for tax purposes. Keep your receipts and documentation, as these may be required if you claim eligible medical expenses on your tax return.
Thinking About Vision Correction?
Your benefits are there to be used. Before the year ends, take a few minutes to review your vision coverage and find out whether any benefits may apply to the procedure you’re considering.
If you’re considering laser vision correction (SmartSight or SmartSurface PRK) or another eye procedure (refractive lens exchange), contact BoydVision to book a consultation at refractive@boydvision.ca or call 604-430-9560. Our team can help you understand your treatment options and provide the information you may need when speaking with your benefits provider.
Disclaimer: Coverage and tax eligibility vary. Patients should confirm benefit coverage directly with their insurance provider and consult the CRA or a qualified tax professional regarding eligibility for medical expense tax credits. BoydVision does not provide tax or benefits review consultations.