What is Vision Insurance?
The term "vision insurance" is commonly used to describe health and wellness plans designed to reduce your costs for routine preventive eye care (eye exams) and prescription eyewear (eyeglasses and contact lenses). Some vision plans also offer discounts on elective vision correction surgery, such as LASIK and PRK.
But unlike major medical insurance policies that may provide unlimited benefits after a certain co-pays and deductibles are met, most vision insurance plans are discount plans or wellness benefit plans that provide specific benefits and discounts for an annual premium.
When you should consider Vision Insurance?
Vision insurance typically comes in the form of either a vision benefits package or a discount vision plan. Typically, a vision benefits package provides free eye care services and eyewear within fixed dollar amounts in exchange for an annual premium or membership fee and a relatively small co-pay (fixed dollar amount) each time you access a service.
Vision plans generally cover or provide discounts on the following products and services:
Annual eye examinations
Eyeglass lenses (including lens coatings and enhancements)
Discounted rates for LASIK and PRK
- Annual vision exam
- Yearly allowance toward standard contact lenses – or – a set of eyeglass lenses with minor copay each year
- Options for specialty eyeglass lenses (progressive bifocals, anti-scratch, tinting, etc.) with low copays
- Allowance for frames every 12-24 months, including designer brands
- Potential discounts on services like Lasik or PRK
- Coverage for people of all ages
- No waiting periods
- Saving through a national network of vision service and eyewear providers
- Freedom to go out of network and still get benefits if you pay the difference between your plan allowance and your final cost