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Home » Insurance » FAQs of Vision Insurance Plans

FAQs of Vision Insurance Plans

How and Where Does One Obtain Vision Insurance?

Individuals can buy a vision benefit plan. Vision insurance plans may be available through your place of employment, school district or through social plans like Medicare or Medicaid.

Indemnity health insurance is traditional insurance, which allows policyholders to access medical providers of their choice. Vision insurance is often a value-added benefit included in indemnity health insurance plans, health maintenance organization (HMO) plans and plans offered by preferred provider organizations (PPOs).

An HMO health plan requires its members to access health care only from HMO providers. HMOs provide health care services to plan members at discounted rates. HMOs include a range of health care professionals – doctors, laboratories and hospitals.

A PPO is a network of health care professionals who provide health care services to membership at discounted rates. Plan members may use out-of-network providers, but they usually will pay more for the services rendered.

What Types of Vision Insurance Plans Are Available?

Vision insurance comes in two forms, a discount vision plan or a vision benefits package.

Discount Vision Plan – Eye care at fixed discounted rates after an annual premium or membership fee and a deductible are paid.

Vision Benefits Package – Usually, a vision benefits package requires an annual premium or membership fee, a yearly deductible for each enrolled member and a co-pay each time a member accesses a service.

Discount vision plans and vision benefits packages are custom-designed to meet the different requirements of a wide range of customers, such as unions, big, mid- size and small companies and school districts.

What is included in vision insurance?

Standard Vision insurance usually includes the following services and products:

  • LASIK and PRK vision correction at discounted rates
  • Annual eye examinations
  • Contact lenses
  • Eyeglass frames
  • Eyeglass lenses

Usually, services acquired from network providers are more affordable than services from out-of-network providers.

Are there payment options?

If group vision insurance is available from your employer, you pay for it through payroll deductions or flexible spending accounts.

A flexible spending account, sometimes referred to as a cafeteria plan, allows an employee to use pre-tax dollars to purchase selected health benefits such as vision insurance. This plan saves your money because you receive the full benefit of income that has been set aside for health costs, making it not subject to or reduced by taxation.

If you are self – employed or if your employer does not offer vision insurance then you can expect to be billed monthly or annually.

Dear Richie Eye Clinic & LASIK Center Family and Friends,

As we head into the Holiday Season and the New Year, I have some news to share.

As many of you know, we have added some new doctors to our team in the last couple of years. Dr. Josh Spedding OD, our new Optometrist, joined us last summer and is currently seeing patients in both our Northfield and Faribault offices. We are thrilled to have Dr. Spedding on our team and welcome him and his family to the area.

Dr. Cory Miller, MD joined us in 2021 and we welcomed Dr. Mike Reinsbach, MD to our team this past summer. Both are Board Certified Ophthalmologists and skilled surgeons specializing in High Technology Cataract Surgery with Advanced Lens Implants, LASIK, Retinal injections, MIGS Surgery for Glaucoma, as well as the usual medical and surgical management of eye disease.

With the addition of these high performing providers, I am transitioning my role in 2023 to concentrate on Practice Development while continuing to serve as the Medical Director overseeing our practice protocols and procedures. Dr. Miller and Dr. Reinsbach will be assuming my day-to-day patient care duties.

I have done my best over the past several months to tell everyone of this transition plan while personally introducing Dr. Miller and Dr. Reinsbach; please accept my apologies if I missed any of you during this time.

Rest assured, we will continue our commitment to providing cutting edge care. Starting in 2023 look for Dropless Cataract Surgery, Light-Adjustable Lens Implants, and so much more…

Thank you for the Trust and Confidence you have shown me over the past 32 years. Please feel free to call us at (507) 332-9900 for questions, concerns, or clarification.

Sincerely,

Mike Richie, MD

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