Keep Your Vision Insurance After Retirement

Vision Insurance After Retirement

In addition to your normal health insurance, continuing to have vision insurance coverage into your later years is important to maintaining long term health. Don’t let your vision fall into the periphery by assuming other forms of health coverage are enough. Here are three vision insurance questions to consider as you prepare for retirement.

How can I keep my vision insurance after retirement?

The most viable and cost-effective way to continue vision insurance in retirement is through your current employer. If you’ve worked with the same employer for a long time, chances are they will provide you with options to maintain your current health insurance and vision insurance once you’re retired. Oftentimes, you need to sign up ahead of time or within a certain period of time after retiring. So the best practice is to talk with your employer’s HR department and plan in advance.

Some important questions to ask your employer might include:

     1) Will I receive vision insurance benefits in retirement?

     2) If so, how will the benefits differ from my current plan? What’s covered and what’s not?

     3) When do I need to enroll in the new vision plan?

     4) Is it possible to enroll family members or dependents under the new benefits?

     5) How will the monthly costs differ from what I currently pay per month?

Don’t assume insurance coverage will be continued simply because it is offered. Proactively seek out the information and give yourself time to research other plan options if your employer’s offer doesn’t fit with your budget and lifestyle.

What cost considerations should I plan for in my post-retirement plans?

If your employer doesn’t provide continued coverage, you may be entitled to COBRA benefits. COBRA lets you temporarily maintain your current coverage at the group price while transitioning away from your past employer. If that’s not an option, it is always possible to obtain comprehensive coverage by enrolling in a VSP® Individual Vision Plan.

Regardless of the monthly costs, the benefits of maintaining your vision coverage are eye-opening. VSP members typically save up to $200 per year on glasses and contacts.

Does traditional Medicare provide vision coverage?

With the exception of some specific conditions, traditional Medicare does not always provide coverage for routine eye exams, prescription glasses, and contact lenses. Maintaining or adding a vision plan during your retirement is the best way to ensure you’re always covered.

Use your VSP Individual Vision Plan to schedule an eye exam with your eye doctor. If you don’t have vision insurance, find out how VSP can help you save on your next eye exam or pair of glasses.

Your vision. Your way.

Not covered for vision? Get an individual plan, customized for you – including where you want to use it: at the doctor, in a retail location, or even online.

VSP Benefits & Savings

Build Your Plan

5 Tips for Dry Winter Eyes

Eye Health >

5 Tips for Dry Winter Eyes

It’s that time of year when a cold winter chill hangs in the air, and you find yourself suffering from dry, itchy eyes. While it’s impor...

Contact Lenses Frequently Asked Questions

Contacts >

Contact Lenses Frequently Asked Questions

If you are new to wearing contact lenses, you may have questions about how to care for your contact lenses and your vision. Here are four frequently...

All You Need to Know About Cataracts

Eye Problems >

All You Need to Know About Cataracts

Did you know that more than 22 million Americans over the age of 40 are diagnosed with cataracts? The risk of cataracts developing and worsenin...