Won’t offering a vision plan cost the company and/or its employees a lot of money?
A managed vision care plan will save money for the employer and its employees (or the union or association and its members) compared to what vision care would cost without a plan. The cost of eyewear alone (frames and lenses) averages nearly $263 nationally. Factor in a comprehensive eye examination costing $50 to $100, and the average complete eye care benefit can easily reach $350 to $400 and more. For a typical family of four, this can be a very expensive necessity. As employers work to manage health care benefits for optimal outcomes, they continuously seek plans to further enhance the value of the benefits package. Healthcare purchasers realize that a vision care program can be provided for a minimal expenditure (.5% to 1.5% of the typical healthcare dollar). Furthermore, employees who utilize their vision care benefits will have the proper eye care, and eyewear if necessary, thereby eliminating eye strain and its related discomforts, creating medical cost savings for the individu