Vision Insurance – Do You Need It?

While it is absolutely necessary to have good eyesight, it may or may not be essential to have vision insurance. Many consumers overestimate this coverage and pay too much for it.

To know if you are getting what you paid for when you buy vision coverage, it’s necessary to know what eye coverage covers and what doesn’t. Knowing the limitations of sight coverage is necessary to determine if you need to pay extra for the coverage.

You need to know what the additional cover means. Vision coverage covers costs associated with prescription glasses or contact lenses. Typically, vision or eye insurance will cover an eye exam. It can also cover some of the cost of prescription lenses.

You also need to know what it doesn’t cover. Vision insurance does not cover costs associated with eye trauma or diseases that affect the eye. Health insurance usually covers these healthcare costs.

Neither your optical insurance nor your medical coverage likely cover laser eye surgery. Surgery to improve vision is usually specifically excluded by medical coverage policies. This is different from surgery to restore vision.

Standard health insurance excludes coverage for corrective lenses. Typical health insurance plans don’t cover the eye exams needed to get corrective lenses. Corrective lenses can be both prescription contact lenses and prescription glasses.

Medical costs related to eye injuries and diseases that affect vision are still reimbursed as part of the healthcare allowance. A separate rider eye or vision cover is not necessary to cover eye injuries. Many consumers pay extra for vision or eye protection because they believe their medical policy does not cover anything related to vision.

When comparing medical coverage policies with eye or eye insurance, make sure you see how comprehensive their coverage is. Since some eye health insurance policies only cover the cost of the exam, those policies are less valuable than insurance plans that not only cover the exam but also pay for the glasses.

Another point to consider is the availability of eye care professionals. Most vision plans limit the places you can go for your eye exam to network providers. You should make sure that there are optometrists or optometrists near you and that you will feel comfortable using those optometrists or optometrists.

It’s a waste of money to pay for eye care only to discover that none of the ophthalmologists present in the network are the ones you can or want to visit. Often, consumers routinely check to see if their doctors are in-network, but forget to check for dentists and optometrists.

Knowing the value of the added coverage is essential if you are going to make the right choice. If your eye or vision insurance only includes an annual exam, call an optometrist and ask how much an eye exam costs. If the policy also pays for glasses, you must add this to the costs of the examination. Multiply the cost by the number of family members covered. Then divide that cost by 12 of your policy premiums paid monthly. This way you can properly compare the extra costs of an eye or sight cover with the extra costs for the cover.

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Eye insurance is often worth the extra cost, but sometimes it isn’t. Often people compare different plans that are otherwise the same and choose the one that has eye care coverage without properly weighing the costs and benefits. Now you know how to look at the costs and benefits and only pay if the additional coverage is worth the extra cost.