Vision Insurance

Good eye health is vital to overall health and wellbeing. Not being able to see clearly or suffering with one of the many optical diseases makes life more difficult and less enjoyable.

 

Studies show that approximately half of the population of the United States either wears prescription strength glasses or contact lenses. That adds up to a lot of visits to the optician and lots of money spent on appointments and treatment products. While eye care typically isn’t as expensive as general health care, having an insurance policy can possibly save you a lot of money, particularly if you have a large family or serious vision problems.

 

Do you have vision insurance coverage? If you needed to get a brand new pair of prescription eyewear today would you be able to afford it? Want to find out more about your vision care options?

 

What follows is some basic information about vision insurance and tips for choosing a quality plan.

What is vision insurance?

Vision insurance or eye insurance, is a type of insurance that provides lower cost fees on general preventative eye care and services used to correct vision problems. In exchange for these benefits, the policyholder pays a monthly premium amount.

 

Common services and products that are covered by vision care insurance include but are not limited to the following:

Eye Exams

Prescription Contact Lenses

Prescription Eyeglass Frames

Prescription Eyeglass Lenses

LASIK

Depending on the level of vision insurance you have, the cost of each procedure or product may be discounted, partially covered to a pre-determined amount, fully covered or attract a one-time or flat-rate fee per incident.

What types of vision insurance plans are available?

  1. Preferred Provider Organization (PPO)

With a PPO plan, you have the choice of staying with the care providers in your network, or seeing a doctor outside of the network for an additional fee.

  1. Health Maintenance Organization (HMO)

Unlike a PPO plan, an HMO plan stipulates that you can only receive care from providers in the HMO network for the duration of your policy.

  1. Indemnity Insurance

Known as the most traditional type of plan, Indemnity Insurance coverage allows you to decide which care provider you want to use for your vision health needs.

Vision insurance can be further broken down into offers of either a discount or benefit plan that provides predetermined discounts and benefits in exchange for the premium amount.

  1. Vision Benefits Plan

This type of plan generally calls for a specific co-payment amount for eye care services after a membership fee or annual premium is paid.

  1. Discount Vision Plan

This type of plan offers discounted rates on eye care services and products after the annual premium or membership fee is paid.

With either type of plan, there may also be a deductible amount attached that has to be paid out-of-pocket before the insurance benefit kicks in. Each plan option can also be further customized to suit your specific vision care needs.

As you look for the best policy for your vision care needs, consider the answers to the following questions carefully:

How much deductible costs do you have to pay before you can access non-preventative eye care services?
How much of each service is covered and what are the percentages, co-pays and reimbursement amounts?
Is there a waiting period attached to specific benefits?
Are there any out-of-pocket minimums?
Are there any conditions or exclusions attached to the specific plan?

To choose the right plan for you and your family it’s important to ask the right questions and compare all of your options.

How much does vision insurance cost?

Compared to general health insurance and other types of insurance coverage, vision care is very affordable. The low rates offered for the coverage generally stem from the fact that most people’s vision care needs are relatively inexpensive and predictable.

 

Despite this fact, the amount you will have to pay for vision coverage depends on several different factors, such as the type of package you get, the average costs of vision care in your area, if your plan includes discounts and deductibles and the level of coverage, products and services included in the plan.

 

For example, a basic plan that only covers eye exams, contacts, frames and lenses will have a much lower premium than a plan that covers all of those items along with treatment for specific eye diseases and eye surgery costs.

Who provides vision insurance policies?

  1. Group Vision Insurance

Group coverage is typically provided to large groups of individuals by a company or employer, schools and associations. This type of offer usually results in better premium rates and more benefits because of the large number of members covered by the plan.

  1. Government Programs

Government vision care plans are typically provided as an insurance supplement that goes along with Medicare and Medicaid.

  1. Individual Insurance

This type of stand-alone vision insurance is typically available for self-employed people or in situations where individual coverage is necessary, and must be purchased through a private insurance broker.

Vision insurance that provides you clarity

Your eyes are one of your most valuable assets. Poor vision and chronic eye problems reduce your ability to enjoy your life and to be as productive as possible in your daily activities.

 

If your vision were to take a turn for the worst, would you be able to afford the proper care and treatment? If you want to make sure that you will always be able to afford proper vision care for you and your family, there is no better way than having a quality vision insurance policy designed specifically for your circumstances and budget.

 

If you want to find out more about your options and need help locating the best vision care insurance for your needs, call Ihry Insurance today and speak with one of our knowledgeable agents to get the assistance you need and a free no-obligation quote.