VISION INSURANCE
What Is Vision Care Insurance?
Vision care insurance will often cover routine eye health expenses such as eye exams, contact lens fittings, contact lenses, and eyeglass lenses and frames. Some plans may even provide a discount on LASIK procedures and other corrective surgeries.
A vision care plan may cover the cost of these items in total, up to a preset limit, or it may require the policyholder to pay a flat fee or percentage fee to share the expense with the insurer.
KEY TAKEAWAYS
Vision care insurance usually covers preventative and routine eye care.
This eye care insurance is often a value add-on to larger insurance packages.
If you don’t need vision care, it may not be worth it.
Vision care insurance may cover contact lenses and eyeglasses frames and lenses, making them more affordable for purchase.
Employers, unions, government plans, and even associations may provide some form of vision insurance.
Understanding Vision Care Insurance
Vision care insurance tends to be inexpensive compared to other types of insurance because many of the covered costs are predictable and expensive claims are rare. It resembles a discount plan more closely than an actual insurance plan because insurance protects against unforeseen and potentially catastrophic expenses.
It’s essential you fully understand each plan’s costs and the benefits they come with when you buy vision care insurance. Take a look at the price for one year of vision insurance compared with the cost of an eye exam. Although vision care insurance is inexpensive, it may not be a good deal for the consumer if the premiums and co-payments under the plan are higher than paying for vision care expenses out of pocket.
