Despite being marketed as such, most vision plans are not really an “insurance” plan but more of a type of discount program for eyewear and related products.
Many people become flustered when trying to decide if purchasing extra vision insurance is a viable option for them.The following article addresses the differences between medical insurance and vision insurance, and what they generally provide coverage for.
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The differences between the kinds of benefits that vision and health insurance each provide, aren't always clear. Being that many aspects of eye care are not covered with standard medical coverage, it is important to know the differences. The following article will explain the benefits of each type of insurance. Depending on your individual needs you will be able to decide if you require extra coverage.
Regular health insurance provides overall care for eye damage or disease, but doesn't cover routine eye exams, eyeglass frames, or prescription lenses for glasses or contacts. Certain ocular exams and procedures may be covered depending on the following:
Use them or lose them!
FSA programs usually don’t roll-over annually, so you want to use up your benefits each year so you don’t lose them. The advantage of HSA programs is that they tend to roll over, so you retain your accumulated funds each year, with the advantage of being able to save up for more expensive products and services.
Vision insurance provides additional coverage for non-medical related vision care services that aren't covered under general medical insurance. The following factors are characteristic of many plans:
Probably not. In most instances, you should NOT purchase extra vision insurance. Despite being marketed as such, most vision plans are not really an “insurance” plan but more of a type of discount program for eyewear and related products. Consider opening up a HSA or FSA type program with your regular medical insurance program, which enables you to save money for vision products and services that aren’t covered. In most instances, they are a superior option to cover the costs for vision care. Speak with your medical provider to find out what kinds of vision care is covered by your medical plan, and to find out more about HSA/FSA options.