How Does Vision Insurance Work
Vision coverage is very similar to dental insurance where it is oftentimes overvalued.
Most vision insurance plans we see are run through VSP. These plans are usually structured to offer a yearly allowance on frames, lenses, contacts, and sometimes discounts on lasik eye surgery. They will also come with a copay for annual visits to the eye doctor for a basic exam. It’s not uncommon to have a copay around $20-$45.
It’s always good to weigh out the pros and cons of how much will be paid into the plan and how much it’s going to be used. The numbers usually come close to breaking even when you add up monthly costs and out of pocket costs for using the plan, so it ends up being a wash, and acting more like a savings account, IF it actually gets used.