5 Best Vision Insurance Companies of the U.S. in 2020

Best Vision Insurance Companies

Nearly 75% of the adult U.S. population wears glasses or contact lenses that improve their vision and help them see well. However, people need to know that the cost of glasses ranges from $50 to $1,000 that may not be in pocket for quite a large number of people. Thus, all such people who use glasses or contact lenses and have recurring vision conditions to opt for vision insurance plans. Though vision insurance rarely pays for everything 100% but it generally covers some of the costs on eye-care services like eye exams and prescription eyewear. People need to know that vision plans vary vividly and they need to watch out for notable exclusions like people are restricted to use their benefits once in a year or they are allowed to receive eye-care services out of network providers. Based on the price, benefits, coverage, caps, and many more find below some of the best vision insurance plans offered by leading health and vision insurance companies of the U.S.

1. Vision Service Plan

Vision Service Plan or VSP is a leading and most renowned vision insurance provider in the county, founded in the year 1955 by a group of optometrists. This vision insurance provider is rated A+ by the Better Business Bureau having the largest network of independent doctors available at 73,000 access points at nearly 23,000 locations. This vision insurance carrier offers a variety of tiered plans at competitive prices and having presence across several locations across the U.S. and so is considered as the best vision insurance provider.

VSP offers different tiered of plans and its standard plan is available throughout the nation. The standard plans are available at as low as $11.20 a month, and the company claims that its members see an average of $278 in annual savings. Individuals enrolled in the plans receive a $150 allowance for frames or contact lenses, along with a 20% discount on the amount over their allowance. Members of the plan have access to in- and out-of-network coverage, except residents of the states like Maryland, Massachusetts, and Washington State. Individuals can enroll in the vision plan all through the year and can use the benefits right from the next business day.

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Individuals can include optional benefits like lens enhancements, scratch-resistant, anti-glare, light to dark tinting, etc. to their vision plans by paying some additional fees. Some higher-tier plans offer larger discounts like the EasyOptions tier offers custom benefit options like a higher frame allowance or the Enhanced tier means individuals do not have to pay extra out-of-pocket costs for impact or scratch-resistant glasses. LASIK is not covered by the VSP, but the company does provide a service coupon to certain providers for a discount.

2. EyeMed

EyeMed is another well-known vision insurance provider in the nation offering several vision-care network providers like LensCrafters®, Pearle Vision®, Target Optical®, and many independent providers throughout the U.S. The vision insurance carrier has an excellent ‘A’ financial strength rating from AM Best and is based in Cincinnati, Ohio. The company is well regarded for its vision plans but the only drawback of the company is that the company has a presence only in 18,000 locations across the country and it does not offer high allowances for frames and contact lenses.

The EyeMed vision insurance company offers vision plans in three different tiers, EyeMed Healthy, EyeMed Bold, and EyeMed Bright. EyeMed Healthy is the lowest tier offering vision plans at as low as $5 a month that offer discounts on frames, contact lenses, LASIK, and other services with no copay for a comprehensive eye exam. The other two higher-tiers plans provide a covered allowance for glasses and contacts up to $200 and $130, respectively. In addition to it, members will also have a $10 copay for comprehensive exams and a $20 copay for lenses. Plan in EyeMed Bold tier costs $17.50 a month and in EyeMed right tier costs $30 a month. Vision plans of EyeMed are available in 48 states and the plans become immediately effective after enrolling in it. Some of the states provide a 5% discount on the premium price if it is paid annually.

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3. UnitedHealthcare

UnitedHealthcare is one of the largest U.S. health insurance providers that also deal with vision insurance. This company is also regarded as the best wellness service eye-care provider due to its low-prices vision insurance plans that have a minimal copay for glasses that pay for it when annually used. The vision plans of the company are underwritten by Golden Rule Insurance and are rated ‘A’ by AM Best. The plans offered by the company are available throughout the U.S., except for Alaska, Massachusetts, Minnesota, Montana, New York, New Mexico, and Virginia.

The company offers two vision plans, Plan A is available at a low monthly premium of $10.40 and Plan B is available at a monthly premium of $14.30. Both the plans provide a $150 allowance for frames or contact lenses when members visit in-network and an allowance of up to $75 when they visit out-of-network optometrists. Plan B allows members to select allowance for contact lenses as well as glasses, whereas Plan A allows members to select allowance for only one. In addition to it, members are also required to pay $10 copay for their annual eye-exam and lenses when visiting in-network providers. Members also receive a 35% discount for LASIK procedures.

4. Humana Vision Plans

Humana is also a well-known name in the health and vision insurance sector having an AM Best rating of BBB- and a Standard & Poor’s rating of BBB+. The company has its headquartered in Louisville, Kentucky, and offers vision insurance in all states and D.C. except for the states Alaska, Hawaii, Montana, Oregon, Rhode Island, Vermont, and Washington. Humana vision insurance plans are popular due to its simplicity and due to the additional benefits that members receive besides the frame allowances and other add-ons and services. Members will receive a 15% discount off their balance over the allowance. If it is determined that contacts are medically necessary for a member, then the cost will be covered by the Humana but if the member has a corneal history or has an elective refractive surgery, then it won’t be covered. The discounts are only applicable to the in-network providers. Members enrolling in the Humana vision insurance plan have a $35 enrollment fee and a monthly premium of $11.49 with no waiting period. Members will need to pay $15 copay for an in-network annual eye-exam, $25 copay for standard plastic lenses, $40 copay for standard contact lens exams, and $15 copay for the lens.

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5. Ameritas

Ameritas is the oldest health insurance company founded in 1887, which serves over four million customers and has received high ratings from AM Best and Standard & Poor’s. Vision insurance plans offered by Ameritas are available nationwide and people enrolling in their vision plans will immediately start receiving the benefits, as there are no waiting periods with their vision plans. This vision insurance carrier offer two-tier of extremely cost-effective vision plans, starting at $23.47 per month. The higher-tier plans offer free eye-exams once in a year that is fully covered, but the lower-tier plans offer coverage for only contacts or eyeglass lenses and frames once in two-year. Members of the vision plans are also supposed to pay $25 as eye-exam deductible and $130 allowance for frames or contacts. The plans in higher-tier have a lower copay of $10 for eye exams, and a $150 allowance for frames or contacts once in a year.

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