Group Vision Insurance

You can choose to pay for all, part, or none of the premium with Principal vision insurance. If your budget is tight, employees could pick up the entire cost of premium with voluntary vision insurance.

Many Americans rely on glasses or contacts to see clearly. Vision insurance covers—or partially covers—preventive eye care like eye exams. Vision insurance may also reduce employees’ out-of- pocket cost for prescription glasses and contacts.

Some medical insurance covers the cost of annual eye exams. But medical insurance generally doesn’t cover prescription glasses or contacts.

It’s a digital world. For most of us, a day doesn’t go by without using our eyes to read, scan, or view a smart phone, tablet, laptop, or computer screen. That can lead to eye strain and potential long-term vision problems. For this reason alone, vision care is more important than ever.

Healthy vision is also an important component of overall wellness. Regular eye exams can help uncover serious health conditions, like diabetes, hypertension, high cholesterol, cancer, thyroid disorders, and more.

And because vision insurance is an important part of a complete employee benefits package, it can help attract and retain great employees too.

Most vision insurance covers the cost for routine eye exams and a portion of the cost for prescription glasses or contacts.

Some vision insurance carriers use a network of providers. And employees may need to visit a provider in that network. Or, if they chose to go outside the network, the out-of-pocket cost may be more.

Think of this full-service option as a health maintenance organization (HMO) for vision care. Managed care vision insurance offers more affordable care within a specified network.

Managed care vision includes:

• An established network of VSP providers, including both independent providers and retail chains.
• Discounts and special offers on name-brand eyewear.
• Cost savings on qualifying vision procedures and screenings.

Covered services:

• Exams: Covered in full after copay.
• Prescription glasses/lenses: Covered after copay.
• Prescription glasses/frames: Covered up to a certain amount, after copay.
• Elective contacts: Covered up to a certain amount.
• Necessary contacts: Covered in full after copay.

Eye exams covered by your health plan? Don’t pay twice. We offer a benefit design that covers only prescription glasses and contact lenses.

Employees and their dependents can call a free, confidential emotional health support line' 24 hours a day, 7 days a week to reach licensed behavioral health clinicians who can provide emotional support, tips for healthy coping, and referrals to local resources.

Talk to our financial professionals about offering group vision insurance. And, consider combining group vision insurance with other offerings for a more comprehensive benefits package.