Group Vision Insurance
Vision benefits are often overlooked in a typical benefits package, but they can be incredibly beneficial to employees. Offering your employees vision insurance can encourage necessary eye care and help supplement costs for vision needs. In addition, regular eye doctor visits can identify otherwise unknown medical problems, lowering cost and improving treatment when those problems are caught early on. The following are advantages to offering vision insurance.
- Visiting the eye doctor may be one of the few times that your employees visit the doctor all year, unless they get really sick. During the visit, the doctor may discover other illnesses. For instance, diabetes can often be diagnosed through an eye exam, even before the patient realizes the problem exists. With regular vision checks, the eye doctor can catch this condition and recommend that the patient visits their primary care physician for treatment.
- Employees may be reluctant to visit the eye doctor if they must cover the costs on their own, even if they know they have eye problems and/or need an updated prescription. Vision insurance can encourage employees to get the care they need. This is beneficial to employers because eye problems can cause safety issues or discomfort during the workday; treating those problems can help improve an employee’s productivity and safety on the job.
- Vision care insurance can be reasonably inexpensive to offer, yet can be a powerful retention tool for those employees who value the benefit.
Types of Group Vision Insurance Plans
To promote proper eye care, consider offering a group vision insurance plan at your organization. This benefit is designed to provide routine preventive care such as eye exams, eyewear and other vision services at a reduced rate. This insurance is also typically offered in one of two ways to the employee:
- Vision benefits package: Provides vision care in exchange for an annual premium or membership fee, yearly deductible for each member and copay for services.
- Discount vision plan: Provides vision care at a fixed reduced rate after members pay an annual premium or membership fee and deductible.
Both of these types of plans can be customizable to your company to meet the needs of your employees. Also, you can offer employees the option to pay for this benefit through a payroll deduction or flexible spending account (FSA).
Vision insurance generally covers the following services:
- Annual eye exams, including dilation
- Eyeglass frames
- Eyeglass lenses
- Contact lenses
LASIK and PRK vision correction at a discounted rate