Hindsight may always be 20/20. Unfortunately for nearly 75% of the population, actual sight is not. Neither is vision insurance.
While over 90% of people believe that vision insurance is important, nearly 50% of people do not enroll in vision coverage.
Why is this?
Obstacles to Proper Vision Insurance
Individual Insurance Challenges
Almost 50% of Americans buy their own, private health insurance. Typically, when choosing insurance packages, you’re able to opt into and out of certain coverages to impact your premium and deductible.
If you had an eye exam last year, you may not feel like you’ll need one this year. If that’s the case, then vision insurance may be one of the expenses you cut from your budget.
Especially with the inflation rate rising at the highest level it has in 40 years.
You can save some money by foregoing vision insurance. And maybe you should this year. But did you make that sacrifice last year as well? Will you do the same next year?
Or is this the year for you to sacrifice a different budget line to take care of your vision?
Further, accidents can happen at any time. If your vision is not insured, it could cost you far more than dollars.
Small Business Insurance Challenges
If almost 50% of Americans buy their own insurance, that means that over 50% of people receive insurance through their employers.
Good employers know that their business’ most valuable asset is their employees. The people. To attract and retain quality employees, proper health coverage is critical.
But again, not without cost. Many insurance plans will add $2 – $3 per month, per employee, to add vision coverage.
Adding vision care to your company’s health insurance plan may not be seen as essential for every employee.
Is that a risk you’re willing to take at this point in your business’ life?
Is Neglecting Vision Insurance Worth the Risk?
If it ain’t broke, don’t fix it. But what if it is broken and you don’t notice? Our eyesight often declines like water boils. Just a little at a time. We may not even notice there is a problem until it’s boiling over.
Further, when we skip an annual eye exam, we run the risk of not discovering the underlying causes of serious vision issues.
When some issues go unmonitored, long-term damage can result.
For employers, you have to weigh numerous factors when determining what health insurance to provide.
One factor to add to the equation needs to be that a growing number of employees may choose a lower wage to have higher quality health coverage.
Solutions for Vision Insurance
A one-size-fits-all solution does not exist. Navigating the jungle of individual or small business insurance is not for the faint of heart.
Scheduling an eye exam can be a chore in and of itself, much less sorting through all of the red tape of the current health insurance market.
Running a successful business during the Great Recession is riddled with complications. You didn’t start your business to become an insurance expert.
But we did.
Here to Help You See Vision Insurance Clearly
At JFA Insurance, our business is helping you protect yours. Our friendly team of experts is ready to help you choose the vision insurance package that is best for your business during this season.
We’re also able to help you choose individual vision insurance plans if needed. We understand the difficult and often competing factors that need to be weighed.
Our team offers you the advantage of specific industry knowledge and over 30 years of experience.
Reach out today for a free consultation and you’ll “see” how we can help you!