Group vision insurance is fairly straightforward, but we’ll give a brief overview of how it works from the perspective of employer-sponsored plans. The premiums for group eye care insurance are low and cover basic services like annual eye exams, eyeglass frames and lenses, and contact lenses. Under a group plan, it is most common for the insurance premium to be deducted directly from the employee’s paycheck.
Like with other types of group health insurance, vision plans often use a network of service providers that have an agreement with the insurance provider. If the employee goes to a certified eye care professional within the network, they receive the maximum benefit that the plan will pay out. Some plans, such a group vision PPO, allow the employee to go to any provider regardless of whether they are in the network, though the portion paid by the insurance is typically less when going out of network.
Use this helpful online tool from the California Optometric Association to find an optometrist in your area. You can search by name, city, zip code, language and health insurance provider.
Some plans don’t offer much beyond a discount, while others provide more comprehensive services, like coverage for eye surgery and LASIK. Naturally, the plans that provide more services cost more and the key to finding the right group vision insurance for your business is balancing cost, services, and the needs of your employees.
Get a FREE, no obligation cost estimate for a quality group vision plan by contacting us today! Call us at the number at the top of the page to learn more or get started with a FREE estimate right away by using the form to the right!
Unlike other types of healthcare services, a group eye care plan does not have to be all-inclusive in order to satisfy the requirements of the essential health benefits under the Affordable Care Act. In fact, the only requirement is that the group health plan include a provision for pediatric vision services.
Another consideration is that many group vision plans will have a monetary cap on more expensive services. While standard services like coverage for eye exams, glasses and contact lenses are likely to be included in most group vision plans, eye surgery and advanced procedures are probably not. In these cases, the insurance provider will usually pay up to a certain amount, with the patient left to pay the remainder.
Curious which benefits matter most to employees? This article from Monster.com has the answers. Not surprisingly, a good healthcare plan ranks at the top.
Surveys regularly show that a quality group health benefit is the most important factor in job satisfaction, even ranking above important factors like salary and vacation time. Approximately 75% of working age adults need corrective lenses so offering a good vision plan is a great way to set yourself apart from other employers in your industry.
Curious about how affordable it can be to offer a comprehensive group vision plan? Call us today at the number at the top of the page to learn more or get an instant quote by using our online proposal request form!
We’re ready to help! Call today: 800-903-6066