Vision Care Insurance

Definition - What does Vision Care Insurance mean?

Vision care insurance refers to a financial protection plan purchased by the policyholder for a monthly fee. In return, the policyholder receives reduced fees on certain eye health and vision correction products and services. It is worth noting that most regular health insurance policies usually cover only eye diseases or eye injuries. In contrast, vision care insurance provides cover for the cost of routine eye exams, corrective lenses, contact lenses, or eyeglass frames.

Insuranceopedia explains Vision Care Insurance

Vision care insurance plans usually provide some basic services such as:

  • A yearly examination for checking the policyholder's vision
  • Eyeglass frames and lenses
  • Contact lenses
  • Laser-Assisted In situ Keratomileusis (LASIK) and Photorefractive Keratectomy (PRK) vision correction procedures

Vision care insurance plans might require the policyholder to:

  • Cover the cost of the eye care services in full
  • Cover the cost of the services prescribed up to a predetermined limit or,
  • Require that the policyholder pay a flat fee or a percentage fee for sharing the expenses with the insurer

Vision care insurance plans are quite inexpensive because the covered costs are often predictable. This is why they bear a closer semblance to discount plans as opposed to insurance plans.

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