Group Vision insurance offers numerous benefits to a company’s reputation and its bottom line, and is an excellent way of enhancing your employee benefits plan. At ISU-The Olson Duncan Agency, our employee benefits staff can assist you with offering this extra perk to help differentiate your organization from others and boost staff recruitment and retention.
Vision insurance policies typically cover routine eye examinations and discounts for the purchase of corrective eyewear. Some policies also may contribute dollars towards laser corrective surgery and other procedures. For employees, an employer-funded plan defrays some of the (potentially) high costs of routine eye care, and helps send a message that as an organization you care about their health and wellbeing. Our staff can review the details of the plans available.
Employers offering standalone vision benefits, according to a study by HCMS Group, found they saved $5.8 billion over four years. These cost savings were as a result of the preventative nature of vision work. In carrying out regular, non-invasive eye exams, optometrists identified early signs of chronic diseases that might otherwise have gone unnoticed. Take a look at the statistics:
In total, the study found that for every dollar a company invests in vision benefits, it receives $1.45 through lower healthcare costs, improved productivity and lower turnover rates.
Health care is a priority for your employees and, at ISU-The Olson Duncan Agency, we know that no one plan fits everyone’s needs. With extensive experience in working with carriers and understanding the ins and outs of what it takes to deliver sound employee benefits, we help employers navigate through what’s available in order to choose the right plan for their business. We also work with each employee so that they select the benefits and options that address their specific needs. To find out more about how we can help you, call us at (310) 373-6441.