Insurance

Is a Vision Insurance Policy Necessary?

Is a Vision Insurance Policy Necessary?

Eye exams, glasses, and, in some cases, contact lenses are covered by vision insurance. It may also provide further discounts, albeit it often does not cover ailment or eye problems and because it doesn’t cover big unexpected expenses, selecting whether to buy vision insurance is simple: if it saves you more money than it costs, goes ahead and get it.

Determine your requirements

The first step in determining whether or not you require vision insurance is to determine your vision care requirements. For instance, you might undergo yearly eye exams that are covered by your vision insurance, at least in part.

Furthermore, if you use glasses or contact lenses, those would be covered as well as certain frames. So consider the kind of frames you prefer, because if you are one swoon on designer frames, that might be an additional cost.

You should also take into cognizance the frequency of your change of glasses and contacts, by doing so you will be able to conclude that a policy offering you glasses annually, when you only change them every few years, is ineffective.

Locate Any Existing Coverage

Examine your current coverage. Some health insurance plans include eye exams, reducing the value of vision insurance. Others will cover the cost of an examination if you have a problem such as dry eyes or floaters.

Based on the foregoing, you may not need new vision insurance if your comprehensive health insurance covers it.

Price Comparisons

If you’re willing to change how you get your vision care, you might be able to pay less than you are now. Many bargain shops, such as Target, for instance, feature in-store optometrists that provide low-cost eye exams and contact lens fittings. You may also save money on glasses and contacts by taking advantage of coupons and membership discounts. Direct opticians offer prescription glasses for a cheap fee if you’re ready to buy them online.

Evaluate

To discover if vision insurance is right for you, sum how much you’d spend if you didn’t have it and see if you’d save money. For instance, a $15 per month vision insurance policy with a $15 co-pay for an eye exam will cost you $195 each year simply for the exam. Without the plan, if you can obtain a test for $100 and don’t need anything extra, you’ll be $95 ahead. If the plan saves you $100 on glasses, you’ll be $5 better off.

The Author

Ajisebutu Doyinsola

Doyinsola Ajisebutu is a journalist and prolific writer who takes a special interest in Finance, Insurance, and the Tech world.