If you have vision insurance through your employer or on your own, it is important to know that every year your benefits are subject to ending. Most eye care plans expire on December 31st. It is pivotal to use up the funds to ensure you have proper eyewear for the upcoming year. Vision insurance plans primary goal is to lower your out-of-pocket cost for eye exams, contacts and prescription eyewear. Some plans even offer discounted rates on vision correction surgery. Each provider has a different plan and a wide range of benefits, it is always important to know exactly what your eye insurance covers before looking into purchasing glasses so you are aware of exactly comes out of your pocket in the end.
Vision insurance policies can be different than other major medical policies. For example, many standard overall health insurance plans provide benefits after you pay a certain co-pay or a deductible. Vision insurance plans are known as discount or wellness benefit plans that offer benefits and discounts when you pay a yearly insurance premium. Sometimes you can also compare the same items you are wanting to purchase from your doctor to an online store and see that you can pay less due to the high mark up in a retail or doctor’s office environment with out using insurance. Since these benefits and discounts are based on an annual premium, they don’t roll over to the next year if not used. Keeping informed on your eye insurance plan and flexible spending dollars will ensure you get the most for your money when ordering eyewear or contacts.