by Katie Schock
Poor vision and eye disease cost U.S. businesses more than $8 billion a year in lost productivity, and even more in direct health care costs. Plus, there is a significant link between vision and overall health.
Yet only about 17% of employers offer a vision care benefit. Although the cost of the benefit is low—$70 to $80 a year per employee for a premium vision benefit, compared with $4,256 for medical premiums, according to the Bureau of Labor Statistics—it’s often among the first to go when organizations cut benefits to save money.
The reason might be that employers misunderstand the value of the annual eye exam. Or they don’t realize that their employees are far less likely to have critical check-ups if they have to bear the full cost on their own.
5 reasons to add vision benefits
There are practical reasons to add vision benefits to your menu of health-related benefits. Here’s why:
1. Vision insurance co...(register to read more)