Cost of lens implantation differs depending on the type of implant and procedure performed. The cost of a multifocal implant is EUR 2,500 per eye. The procedure is performed as an outpatient, lasts around 10 minutes per eye, and requires a recovery period of about one week. The cost is calculated according to the Physicians’ Fee Schedule. It is determined after a thorough examination.
Insurance coverage
In some cases, your health insurance may cover lens implantations. Public health insurance and supplementary health insurance can both provide reimbursement for the procedure in certain cases. A medical specialist or referral from your GP must certify that the procedure is necessary to correct a specific condition. You must receive prior consent and submit all necessary medical documents to receive insurance coverage. Supplemental health insurance also may cover implantations for patients who need multifocal lenses.
Medicare and other health insurance plans generally cover the cost of a basic single-focus intraocular lens implant. However, you may wish to opt for a premium refractive lens implant, which has a higher out-of-pocket cost. This cost will depend on your plan and the type of lens you want. You should find out how much you will need to pay before you undergo the surgery to ensure that your insurance covers the procedure.
In most cases, Medicare covers the costs of lens implantation under Medicare Part B. Medicare also covers the cost of one pair of eyeglasses after cataract surgery. However, you may have to pay for an extra pair of contact lenses or eye drops. Contact your health insurer to learn if your insurance will cover these costs.
Out-of-pocket expenses
Depending on your insurance coverage, you may have to pay some of the out-of-pocket expenses for lens implant surgery. Some plans do not cover the costs at all, so it is important to find out exactly how much you’ll have to pay for the procedure before you schedule it.
Although insurance plans do not cover everything, they generally cover medically necessary procedures. This includes cataract surgery. However, some policies will require that you obtain prior approval from your insurance company before your surgery. Another option is to use your Flexible Spending Account (FSA) to pay for your eye surgery.
The cost of lens implantation depends on your insurance plan and the type of lens implant you choose. The out-of-pocket expenses may range from $300 for a standard lens to over $3,000 for an upgraded implant. These costs include physician fees, the surgical facility, and post-operative care. Premium implants, on the other hand, may require you to pay double or triple the out-of-pocket expenses.
As with many medical procedures, Medicare can cover a significant portion of the cost. However, patients may have to pay the remaining 20%. If you have Medicare, you may have to pay a co-payment and a deductible each year. If you have insurance with a higher deductible, you’ll need to pay the lens implantation out of pocket.
Financing options
The cost of lens implantation surgery is not covered by insurance, but most ophthalmologists offer financing options for their patients. These plans are available from local financial institutions and private lending companies. They can provide various options, including interest-free plans, low payment plans, no money down options, and fixed rates.
CareCredit is another popular financing option for eye care procedures. The company offers low monthly payments on healthcare procedures, including LASIK and Premium-IOLs. CareCredit is a credit card that specializes in healthcare financing. CareCredit is easy to apply for and has fast approval. Your eye care provider can help you complete the application.
CareCredit offers flexible payment plans with no interest for up to 12 months. This type of financing can help patients afford the procedure and prevent compromised vision. In addition, these plans can be extended as long as you are able to pay in full within the timeframe desired. With CareCredit, you can pay for lens implantation with low monthly payments and enjoy your new clear vision without compromising your vision.
Most insurance plans cover cataract surgery costs. Medicare covers an average of 80 percent of the costs. The remaining 20 percent is the patient’s responsibility. Medicare also requires Medicare beneficiaries to meet an annual deductible and pay for additional lenses.