What Is Vision Insurance?

The insurance industry is a highly competitive environment where growth is achieved through innovation to keep up with the consumer's changing needs and the competition. Insurance companies, therefore, need to keep up with these changes by adopting new and innovative technologies.
​
Vision is a complex and important sense that can play a large part in how individuals live their lives. An eye problem can result from a genetic, medical, or environmental condition.

Understanding Vision Insurance
Vision insurance is insurance coverage or a contract that guarantees, at a specified premium, a specific level of vision benefit. It is a form of insurance in which the insured is protected against vision loss in exchange for a premium payment.

For example, an individual pays a premium monthly or annually according to the level of vision coverage required. The vision plan is called single premium or single cost vision coverage, single benefit vision plan, or fixed benefit vision plan.

Vision insurance policy costs around 5 USD to 35 USD in most cases. But, the premium cost will depend on the company you are working with and pre-existing conditions.

Different vision insurers offer various coverages depending on your chosen plan. But in most cases, each plan should cover the costs associated with the following:

• X-rays
• Contact lenses
• Eyeglasses lenses
• Eyeglass frames
• Eye exams

What Is Not Included In Your Eye Insurance Policy?
Here are some of the things not covered by your vision insurance policy:

• Experimental eye procedures
• Medical treatment
• Eyeglass replacement
• Costs for buying non-prescription eyeglasses, including sunglasses
• LASIK surgeries

Even though eyeglass replacement is not included in your vision insurance policy, your eyeglass supplier may give you a warranty.

Final Thoughts
A vision insurance policy is a plan where the insured pays a premium cost to an insurer. And then, if a cataract or another eye problem develops, the insurer should help pay for the procedure. The insured may later claim compensation if the costs are too high. But he needs to notify his insurer. Otherwise, the claim will be rejected by the insurance provider.

At Insurance Marketplace, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (541) 779-017. You can also request a free quote by CLICKING HERE. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.