We all know health insurance is something you shouldn't live without, but what about vision care insurance? Your ability to see is surely almost as important as your health. Vision care insurance can be purchased as a group benefit through your employer or as an individual policy. But how does the cost compare to the coverage you'll receive?
Here's how vision care insurance works. You send the vision insurer a check for your premium for individual plans, or have the premium deducted from your paycheck for employer-sponsored plans. In exchange, you'll receive benefits such as discounted vision exams, glasses and contacts. Some plans also pay out if you are diagnosed with an eye disorder or if your vision becomes permanently impaired.
Some vision care plans require you to see a provider in the plan's network. Other vision care plans simply require you to be treated by an optometrist or an ophthalmologist—in other words, a vision care professional who has graduated from an accredited college of optometry and is licensed by the state or who has gone to medical school and is certified by the American Board of Ophthalmology. If you already have an eye doctor you want to keep seeing, make sure their services will be covered by the plan you're thinking about purchasing.
Whether you purchase your own insurance or get it through an employer, expect to pay somewhere between $5 and $15 a month in premiums for an individual. To add coverage for a spouse, domestic partner or child, you may pay slightly less per person than the plan's individual rate. If your employer offers vision care insurance, you may only have one opportunity per year to sign up during the annual open enrollment period. Be aware that some individual plans charge a one-time enrollment fee in addition to a monthly premium.
Regardless of whether you obtain your coverage individually or through work, compare the policy's total annual cost to your anticipated annual vision care expenses. You don't want to pay out more than you expect to receive.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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