In many cases, vision insurance can lower these annual expenses. A vision insurance policy is not the same as health insurance. Regular health insurance plans protect you against financial losses due to unexpected eye injuries or disease.
Vision insurance, on the other hand, is a wellness benefit designed to provide routine eye care, prescription eyewear, and other vision-related services at a reduced cost.
Vision insurance typically comes in the form of either a vision benefits package or a discount vision plan. Typically, a vision benefits package provides enrollees eye care services in exchange for an annual premium or membership fee, a yearly deductible (a dollar amount) for each enrolled member and a co-pay (a smaller dollar amount) each time a member accesses a service.
A discount vision plan provides eye care at fixed discounted rates after an annual premium or membership fee, and a deductible is paid. Both kinds of vision insurance can be custom-designed to meet the different requirements of a wide range of customers, including school districts, unions, and big and small companies.