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Top Vision Insurance Companies of 2020

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Top Vision Insurance Companies of 2020
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Nearly 74% of the population wear glasses or contact lenses to help them see better. Without insurance, you must pay the total amount out of pocket. Costs include visits and corrective devices; On average, something as simple as a pair of glasses can cost around $350.

Your costs go down with insurance. For those who need corrective lenses, the savings received from having insurance more than offsets the cost of insurance, which often pays for itself and then some. Even if you’ve never worn glasses, you may start to see decreased vision once you hit your 40s and suddenly need corrective lenses.

If you’re considering a new vision plan, you want one that pays for the services you need. We find the best vision insurance plans by considering plan availability, premium costs, coverage, limits, customer reviews, and more.

Top Vision Insurance Companies of 2020

  • VSP Vision: Best Overall
  • EyeMed: Best for Plan Options
  • Davis Vision: More comprehensive coverage
  • UnitedHealthcare: Best for Lasik
  • Humana: Best for contact lens wearers

Best Overall: VSP Vision Care

pros

  • The most significant vision insurer in the US.
  • Monthly premiums start at $13

cons

  • It cannot be combined with Medicaid plans
  • Occasional slow refund complaints

A group of optometrists founded VSP Vision Care in 1955. It currently has more than 88 million members and more than 40,000 network doctors, making it the largest vision insurer in the United States. This airline has received an A+ rating from the Better Business Bureau.

VSP Vision offers two types of plans: Standard and EasyOptions. For the Standard procedure, monthly premiums start at just $13 with a $15 eye exam copay, which covers up to $150 in new frames. Although it does not cover LASIK, you may receive a coupon for up to 25% off your services.

There are options to enhance your lenses, such as anti-reflective and scratch-resistant coatings, progressive lenses, and UV protection. VSP Vision also provides savings and resources for people with diabetes, as people with the health condition often have diminished vision capabilities.

One drawback for those with Medicaid is that VSP Vision Care benefits cannot be combined. If you wanted to use the $150 credit from VSP Vision to pay for the frames and still had $50 left, you couldn’t use a Medicaid credit to spend the rest. You would have to pay out of pocket.

Why We Chose It: VSP Vision is our top choice because there are multiple plans with flexible coverage and cost and because it’s the largest provider of vision insurance for most people.

Best for Plan Options: EyeMed

pros

  • Extensive provider network
  • Premiums start at $5 a month
  • No waiting period

cons

  • The basic plan only offers a discount on frames
  • Limited options for out-of-network care

EyeMed was founded in Cincinnati in 1988 and had more than 58 million members. It has received a Four Circle rating from JD Power, which means the company is better than most of the competition. EyeMed plans to work with top providers like Pearle Vision, LensCrafters, and Target Optical and maintain an A+ rating with the Better Business Bureau.

EyeMed maintains three levels of insurance: the more you pay in premiums, the more you receive as a discount on frames, lenses, and contacts. Their basic EyeMed Healthy plan, starting at $5 per month, only offers a value on shelves as a coupon.

The higher-priced EyeMed Bold and EyeMed Bright plans offer better benefits from $17.50 to $30 per month. These plans give you an allowance for frames and lenses instead of a coupon. With a copay, you also cover the cost of lens upgrades, like UV protection. None of EyeMed’s plans have a waiting period.

When you visit one of their 44,000+ providers, you can receive a coupon for 15% off LASIK, 20% off the remaining balance on frames, and 40% off additional pairs of eyeglasses.

Why We Chose It: EyeMed has three insurance options to help consumers decide which coverage is most important to them for the price.

A study of the Vision Insurance Market is carried out considering various factors, from demographic conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the change in market paradigms regarding the regional competitive advantage and the competitive landscape of the leading players.

The most important types of Vision Insurance products covered in this report are:
-Present eye care (eye exams)
-Prescription eyewear (eyeglasses and contact lenses)
-Vision correction surgery

The most widely used downstream fields of the Vision Insurance Market covered in this report are:
-Schools
-Companies

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