Types and sources of vision insurance

As the name reflects, vision insurance is one kind of insurance, and it is usually for eye care. Compared with health insurance which protects you against financial losses caused by disease or eye injury, vision insurance pay more attention to the routine eye care.

Vision insurance can provide you with the annual examinations of eye, eyeglass frames and lenses including eyeglass lenses and contact lenses. There are two kinds of vision insurance plans. One is the vision benefits package. You only need to pay an annual premium or membership fee ranging from $0 to $35 and a co-pay of $10 to $15 for each network service. Another type is the discount vision plan, which offers a fixed discount for eye care after enrolled members have paid for an annual premium or membership fee. Both kinds of vision insurance meet different requirements and customers can be school districts, unions, and companies.

Organizations that provide vision insurance can be divided into two categories. Usually, vision insurance is a value-added benefit linked to health insurance. So that sometimes it belongs to health maintenance organizations (HMOs). Healthcare providers of an HMO can be hospitals, laboratories and the like. Preferred provider organization (PPO) is a network organized to offer healthcare services to health plan members at a fixed rate below retail prices. If you access out-of-network services, they will cost you much more.

You can obtain group vision insurance through your company, association, school district and the like. In this way, you can save money because income that has been set aside for health costs will not be devalued by taxation. If you choose an individual vision insurance plan, you may need to pay fees monthly or annually.

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