Employee Benefits

How to Compare Vision Insurance Options

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People place high value on their vision. It’s not surprising that purchasing vision insurance is an important decision for many. Plan details can be confusing, so it’s important to understand how to compare vision insurance options. Review the following list of factors to consider.

 

 

1.  Assess vision needs to determine the type and amount of coverage needed:

  • Identify the current and projected vision needs of all family members
  • Determine whether there is a family history of vision problems
  • Review features offered in the vision plans; determine whether they match or exceed family needs

2.  Check whether your medical insurance plan includes vision care:

  • Read the fine print in the policy to identify whether all eye exam screenings are covered or if there are limitations
  • Find out whether the plan covers only the exam or if there’s an amount included for materials, such as eyeglasses or contacts
  • If materials are included, check whether there are frequency limitations; for example, some plans cover a portion of the cost of eyeglasses or contacts every two years

3.  Evaluate stand-alone vision plan options:

  • Stand-alone vision plans may be purchased as supplemental insurance to coverage provided in medical plans
  • Stand-alone insurance plans likely will cover comprehensive eye exams, including important screenings for glaucoma and cataracts; ask about the allowed frequency for these exams
  • Plans may feature a specific percentage allowance for glasses and contact lenses; check whether there are restrictions on the materials covered and the frequency for these purchases
  • Plans may be customized to include other special services, such as LASIK surgery

4.  Review the reputation of the insurance carrier:

  • Ask about patient satisfaction and the persistency rate (turnover percentage) of customers
  • Find out whether vision insurance is offered as an extra benefit in another major plan, such as medical insurance, or if the carrier specializes in vision coverage

The information gathered should help identify the vision coverage and insurance carrier that will be the best fit for your family’s needs.

Learn how vision insurance fits within the Affordable Care Act.

 

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