Should I Get Vision Insurance?
When you think about insurance, you probably think of auto, life, or homeowners. Yet there’s one insurance that might matter just as much as those you never even consider: Vision.
Vision insurance is less common, but there’s a chance one day you’ll need it. According to one report, about 76 percent of adults need vision correction at some point in their lives. Let’s take a look at vision insurance and see if it’s worth it.
What is Vision Insurance?
Vision insurance is just what it sounds like: Medical coverage for your eyes.
What Does it Cover?
Vision insurance typically covers the cost of
- Regular eye exams
- Prescription glasses
- Contact lenses
What’s Not Covered?
Vision insurance typically does not cover the cost of:
- More than one eye exam per year
- Major eye surgeries (cataract, glaucoma)
- Corrective eye surgery (LASIK)
Non-corrective major eye surgery is usually covered by your general health insurance plan.
Cost of Vision Insurance
Vision insurance is relatively affordable. Depending on the plan, you can expect to pay between $5 and $20 per person, per month. The biggest vision insurance provider, Vision Service Plan, charges $13 per month.
Make Your Decision
Deciding if you need vision insurance or not depends on a few factors. Ask yourself the following:
- Do you have a history of vision issues or ocular health issues in your family?
- How often have you needed corrective care for your vision?
- Have you had eye exams often?
If you don’t have issues with your vision and rarely have eye exams, you are probably better off not paying for vision insurance. If you do decide to get vision insurance, first check your employer’s offerings. Many times, those plans will include vision and dental coverage.
Do One Thing: If you decide to purchase vision insurance, shop around for the best value and fit for you.
Original article by Chris O'Shea and adapted in partnership with SavvyMoney.