If you are looking for comprehensive vision insurance in 2020, there is good news for you. You can purchase vision insurance all year round. Vision insurance may be offered through a group plan or you can also apply on your own. Based on your vision needs, vision insurance can be a great option to lower your annual expenses.
What Is Vision Insurance?
Vision insurance is typically an additional type of insurance on top of your regular health coverage. It can come in the form of a discount plan or a vision benefits plan. Discount plans offer lower out-of-pocket costs on items such as corrective prescription eyewear and eye exams. Vision benefits packages may cover these things up to a maximum annual quantity with a copay based on the plan you choose.
Most vision insurances have premiums that cover the benefits you receive with deductibles that need to be met before coverage starts. Overall, vision insurance plans offer discounts for routine eye care while regular health insurance generally places limits on what’s covered and on the costs.
Options For Vision Insurance
Many companies offer vision coverage and discount plans. A few of them may offer discounts on corrective surgeries, which are classified as elective. Generally, these services are covered via vision insurance:
There is usually one pair of glasses per year and a yearly allowance for contact lenses up to a specific amount. A discount plan generally offers savings. Keep in mind, vision insurance uses a network of providers, which means you will have to utilize their services. Also, just like any other insurance out there, there are different levels of vision insurance. Premium plans generally have better discounts on a variety of services.
Pros and Cons of Vision Insurance
The main advantage of vision insurance is that you will save money in the long run. An annual eye exam is covered, which is essential for your eye health as it helps to catch up on any issues that may arise. Vision insurance can cost approximately $100 per year – an eye exam on its own will cost more than that. There are also discounts offered for corrective surgery or prescription eye-wear. Some of the disadvantages of vision insurance include that you may not receive the type of services you are looking for, or your provider may not be in-network. Out-of-network services, designer frames, and specialized lenses may not be covered. Also, it’s not that easy or quick to get into a network, so you may have to travel more in order to receive treatment.
When purchasing vision insurance, you need to have a clear picture of what you need and how much. For example, if you want specific eyeglasses frames or a particular provider, make sure your plan covers it or offer discounts. If your provider is out-of-network, you may still get covered but it will cost you more.
You can purchase vision insurance all year round. However, there may be some plans that you can only purchase during open enrollment, particularly if they are included in your health plan. It’s not recommended that you get dental or vision is covered through your health plan as fewer benefits may be offered and also limited networks. Vision plans offered separately are usually more comprehensive. This is something you can discuss with your agent. Request a quote here.
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