December 2017 Volume 15, Number 12 | |||||
Vision Insurance Trends to Incorporate in Your Benefit PlansEmployees increasingly rank vision insurance as one of the most important benefits. Here’s how to get the right plan for your employees
Vision insurance has quickly become a coveted employer-sponsored benefit. More than half of the employees surveyed in MetLife’s 2017 Employee Benefit Trends Study ranked vision coverage as an essential benefit. Most consider vision even more important than short- and long-term disability insurance, critical illness insurance or accident insurance. Transitions Optical, Inc., found even more positive results in its annual Employee Perceptions of Vision Benefit survey. Eight in 10 employees who were offered a vision plan through their employer chose to enroll. Why They Like Vision Care
One reason for increased demand in vision benefits is that more people are experiencing eye strain. The development of new technology — both in the workforce and for recreation — is harder on eyes. Pew Research Center reports that almost nine-in-ten Americans are online, up from about half in the early 2000s. The technology includes smart phones, tablets, laptop computers, desktop computers, television and video games. Vision Care Trends Trendy eyeglasses and Lasik surgeries still are popular, but technology that helps people see better is important, too. Employees want access to premium lens brands that feature:
Since employees are now paying for more of their own health expenses, they are turning to other benefits, such as vision and dental, to reduce total health costs. For example, they also want coverage for procedures such as dental implants, which traditionally aren’t covered, and white dental fillings instead of silver. |
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Changes to 401(k) Plans Under Consideration Vision Insurance Trends to Incorporate in Your Benefit Plans Proposed Changes to Group Health Insurance for Small Employers Getting the Most Out of Disability Benefits
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