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Vision Insurance and Seniors: Read Our Helpful Q&A

As Medicare Advantage membership increases—more than doubling in the past decade—having a vision insurance plan in place plays an increasingly important role in ensuring that members continue to receive the health coverage they are accustomed to. Check out our expert answers to some of the most common questions we receive about this topic. 

How can vision insurance help my Medicare Advantage members?

Having supplemental vision insurance can reduce your Medicare Advantage members’ costs, which may help encourage them to receive regular eye examinations. Regular eye exams are a critical component of maintaining good health and can help diagnose a wide variety of diseases.  It is especially beneficial to members with diabetes or at risk for glaucoma.

How can vision insurance help save money?

With vision insurance, the average premium for an eye exam and eyeglasses is $177 a year. Out-of-pocket costs may be much higher if someone has no vision insurance. An eye exam can also help with early diagnoses of certain diseases, such as hypertension, and cardiovascular disease, which can help to improve health outcomes and save money for both members and health plans.

According to All About Vision, the average price of a standard eye exam without vision insurance is about  $95,  to $200. Prescription eyeglass costs without insurance can vary from a median cost of $184 at a discount retailer to $369 at a top eyewear chain.

What does vision insurance cover?

Most vision plans cover an annual eye exam and provide an allowance for eyewear. They also provide access to Versant Health’s diverse network of independent, regional and national retailers with a wide variety of frame selections.

How can vision insurance help with members’ eye health?

Regular eye exams can help with the early diagnosis of eye diseases such as glaucoma, cataracts, macular degeneration, and diabetic retinopathy. Early diagnosis can also help to reduce or eliminate vision loss.

How can vision care help with other health conditions?

An eye exam can help with the early diagnosis of other diseases, such as hypertension and diabetes. Helping members maintain their vision can help to support their social engagement, which may reduce the progression of cognitive impairment. Healthy vision is an important part of independent living and can help lessen the need for transportation, meal delivery and other home-based needs. 

What is the value for government health plan administrators working with Versant Health?

Versant Health has broad expertise with vision and eye care management and currently serves 38 million beneficiaries. We offer the nation’s largest network of Medicare Advantage contracted optometrists and ophthalmologists, with more than 35,000 eye care professionals at independent, regional and national retailer locations.

Versant Health also offers low-costs networks to achieve greater value for members’ eyewear allowance benefits as well as health plan savings. Additional programs are offered to target members with diabetes and provide coverage and outreach to increase diabetic retinopathy exams and glaucoma screenings.

Have any other questions?

Please contact us for more information, the Versant Health team would be glad to answer any questions you might have.

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