Buyers beware! Being responsible for selecting an insurance plan for your company or organization can feel like a lot of pressure. To help you through the process, we’ve compiled tips for choosing a vision plan.
Know What You’re Getting
- Type of vision plan
Vision Benefits Package
A vision benefits package covers services such as a vision care exam, and usually provides a material allowance for eyeglasses. While the benefits package may require a co-payment from at the time of service, the plan covers the remainder of the cost.
Vision Discount Package
A vision discount package is different because members are required to pay the full cost of services and materials, but at a lower-than-normal cost. Participating eye care providers directly charge members the discounted price.
Rider attached to Medical or Bundling with Medical
A vision rider can typically be added to a medical insurance policy. A rider does not qualify as vision insurance, but rather provides coverage for an eye exam. It is also possible to bundle vision insurance with medical insurance. Bundling vision insurance with medical does qualify as insurance; however, these plans do not offer the customization that a true vision benefits package offers.
- Network
Whether you select a vision benefits package or a vision discount package, members will have access to a network of eye care providers who have agreed to work with the program you select. Is there a wide selection of providers for members to choose from? Are provider locations convenient to members? Be sure that it won’t be a hassle for members to use their benefits because of network restrictions.
- Plan Frequency
When selecting a vision plan, be sure to pay attention to plan frequency. Can members have an exam every year, or every two years? This applies to materials, as well.
- What’s Covered
This is where attention to detail counts! it’s vital to have a definitive list of what’s covered and what’s not, so that members know what (if anything) they’ll have to pay for out-of-pocket. Are polycarbonate lenses covered? What about tinted lenses or an anti-reflective coating? These are things to consider before making your final decision.
- Cost
Last, but certainly not least, keep in mind what the cost of the plan will cost your organization and/or your employees. Vision plans usually have the options of being employer paid, employer/employee split or employee paid.
Want to learn more about VBA vision plans? Contact one of our excellent sales representatives today.