Are you due for a vision plan update? At VBA, we keep our eyes on industry trends and economic changes to help guide you towards a richer vision plan for you and your team. What we’ve learned is that a Modern Vision Plan can help focus on employees’ visual needs and budgets while staying up-to-date on these trends and costs.
So, what exactly is a Modern Vision Plan? While a Traditional Vision Plan can include the essentials, a Modern Vision Plan design can help your employees save money through meaningful plan enhancements. There are several elements of a Modern Vision Plan design that make it rise above the rest. Here are some highlights:
- Increased Allowances: Allowances updated to align with the current cost of consumer goods
- Progressive Lenses: If many of your employees are above the age of 40, offering covered progressives may be a valuable plan enhancement
- Combo Plan: Glasses and contacts offered in the same benefit period is a great design for employees who consider themselves Dual Wearers
Modern Vision Plans can also include additional materials like prescription sunglasses, safety glasses and anti-reflective coatings.
We recognize that not all employees and their dependents purchase eyeglasses or contact lenses. However, for those who do need vision materials for themselves or their family, they may benefit from a voluntary buy-up plan.
Offering a Modern Vision Plan as a voluntary buy-up option gives employees the power to decide for themselves. They can select the eyeglasses and contact lenses they need with less out-of-pocket costs and increased pretax compensation.
Now that you’ve had a glimpse at a Modern Vision Plan, take a closer look at your vision benefits and see what enhancements could help your employees save at their next trip to the eye doctor.
About the Author
Matthew Cuomo
Matt started at VBA in April 2015 with over 13 years of experience in the insurance industry. Before joining our team, he was a producer for Huntington Insurance and Rodgers Insurance Group. Matt received his Bachelor of Science in Business Management from Duquesne University.
As the Vice President of Sales and Sales Support for VBA, Matt oversees the sales and sales support team and is responsible for new business generation, retention and growth. Matt developed and now teaches continuing education courses about the vision health industry.
Among his colleagues, Matt is a respected leader and is known for being a great multi-tasker and always looking out for everyone’s best interest.
Matt is a Pittsburgh native and resides in McCandless with his wife, two children and dog, Minnie. When he isn’t busy helping VBA grow and develop, he enjoys coaching t-ball, playing golf and reading about early American history.
