Although it is without a doubt important to have good vision, it may or may not be critical to have vision insurance. Many of us overvalue this protection and pay too much for it.
To know whether you will get your money’s worth when you buy vision or eye coverage, it is crucial to know what eye or vision insurance covers and what it doesn’t include. Having a good understanding of the limitations of eye care coverage is necessary to determine whether you should pay extra for the coverage.
You should know what the extra coverage will include. Vision or eye insurance covers expenses that are associated with prescription eye glasses or contacts. Typically optical insurance will cover an eye examination. It may also cover part of the cost of glasses or contacts.
You should also know what it does not include; optical insurance does not cover the expenses associated with an eye injury or diseases that impact the eye. Medical insurance will usually cover these health care costs.
Neither your eye insurance nor your medical coverage is likely to include coverage for Lasik surgery. Surgery to improve vision is usually specifically excluded by health coverage policies. This is different from surgery to restore vision.
The standard health care insurance policy will exclude coverage for corrective lenses. Typical medical coverage policies also exclude coverage for the eye exams you will need to get your prescription. Corrective lenses can be either prescription contacts or prescription standard glasses.
Medical expenses associated with an injury to the eye and organic diseases that affect the eye are still paid for as part of the health insurance benefit. A separate eye insurance rider is not necessary to have an injury to the eye covered. Many consumers pay extra for eye or vision coverage because they believe that their health insurance policy will not cover anything associated with the medical care of your eyes.
When checking out health insurance policies that include eye care insurance, be sure to see how extensive their coverage is. Since some insurance policies will only cover the cost of the examination, those vision plans are less valuable than insurance policies that will not only cover the examination but will also pay towards glasses.
Another issue to consider is the availability of eye care professionals. Most vision plans will limit the places you can go to have your eye exam to network providers. You should make sure that there are eye care professionals near you and that you will feel comfortable using those opticians or optometrists.
There is no point in paying extra for vision coverage only to find that none of the network providers are ones you can or want to visit. Often consumers will automatically check to make sure that their doctors are in the network, but will forget to check for dentists and optometrists.
Knowing the value of your coverage is essential if you are going to make the right choice. If the optical coverage only includes an annual examination, you should call an optician or an optometrist and ask what they charge for an eye examination. If the policy also pays something toward eye glasses you should add that to the cost of the examination. Multiply the cost by the number of family members that will be covered. Then divide that cost by 12 of your policy premiums are being paid monthly. This will allow you to properly compare your cost of having vision or eye coverage with the extra expenses for the coverage.
Vision insurance is often worth the added money, but sometimes this is not the case. Frequently people who are looking for insurance will compare different plans that are otherwise the same and select the one that has vision or eye insurance without the weighing the costs verses the benefits. You now know how to look at the costs and benefits and select the right one.