Navigation Links
VSP's Individual Plan Thrives in a Starving Economy
Date:6/9/2009

Less Than One in Five Employers Offer Stand Alone Vision Coverage*

RANCHO CORDOVA, Calif., June 9 /PRNewswire/ -- VSP(R) Vision Care launched the industry's first fully-insured individual vision plan two years ago and has seen it grow to more than 25,000 members nationwide. In a recent study conducted to analyze the impact of the current economy on health and vision care priorities and costs, VSP polled individual plan members and discovered that more than 16 percent of respondents recently invested in individual vision care benefits due to unemployment or forced reduced hours, and lost access to vision care. And, of the employed audience, more than 50 percent do not have vision coverage available at work.

VSP's survey respondents also acknowledged the importance of vision care in their overall health care routine. While eighty-five percent of respondents agree that a vision exam can help identify serious health conditions such as diabetes; 89 percent completely agree that a vision exam is part of their overall healthcare routine. And, only 44 percent of respondents rated managing their eye health as most important reason for visiting an eye doctor this year.

"A comprehensive eye exam is much more that just a vision assessment. An annual eye exam can reveal serious conditions such as diabetes, high cholesterol, high blood pressure and heart disease," said Gary Brooks, VSP Vision Care President. "VSP's individual plan has seen a large uptick in 2009, which we attribute to the plan's personalized service, affordability and the rising market demand as employers look to cut costs in this difficult financial climate."

MetLife also conducted a recent survey and, in parallel with VSP's recent findings, revealed that while 40 percent of employees were highly interested in a wider array of voluntary benefits, only 17 percent of employers have included expansion of voluntary benefits among their top strategies for 2009. As employers continue to evaluate the benefits of cost-sharing with employees, individual plan options will play a larger role to provide consumers access to benefits not available through an employer.

"I was a VSP member through my previous employer and I was happy that I could enroll as an individual when I started my own business," said Eric Murray, a REALTOR(R) from Roseville, Calif. "The best aspect of the plan was the overall savings I gained from the plan and the ability to continue seeing my VSP doctor."

With a newly re-designed Web site available in both English and Spanish, signing up for the plan is easy and automated. Members receive affordable vision benefits with family savings of up to $400, a WellVision Exam(R) focused on their health, annual coverage of glasses or contacts, and additional savings through association memberships, including an optional discount dental plan.

The individual plan is not yet available in the state of Florida. For more information, please visit www.vsp.com.

About the VSP Family of Companies

VSP(R)'s family of companies includes the largest not-for-profit vision benefits and services company in the United States with 55 million members; Marchon(R) Eyewear Inc., one of the world's largest manufacturers, designers and distributors of quality fashion and technologically-advanced eyewear and sunwear; Eyefinity(R)/Officemate(R) which offer innovative solutions and the premier management software and technology to improve overall practice management and patient experience; VSP Labs, industry leaders in new technologies, production processes, service and logistics.

Since 1997, VSP has provided more than 519,000 low-income, uninsured children with free eyecare. Through relationships including those with the American Diabetes Association and Prevent Blindness America, VSP promotes the importance of annual eye exams for maintaining eye health and overall wellness.

About the Study

The Individual Plan research study was conducted by VSP Market Insights and consisted of an online quantitative survey sent via email to current VSP Individual Plan members. The survey was fielded from April 28, 2009 to May 05, 2009 resulting in 500 completes.

Full Details of 2008 MetLife Study of Employee Benefit Trends is available on their Web site at www.whymetlife.com

*Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2008

    Contact: Pat McNeil
    Phone: (916) 851-4287
    patrmc@vsp.com


'/>"/>
SOURCE VSP(R) Vision Care
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Companion Global Healthcare Inc. Offers Additional Hospital Choices to Employers, Individuals Looking to Save on Fully Credentialed Health Care
2. Ironman Competitor with Diabetes Inspires Individuals with Diabetes to Live Without Limits
3. Explorers Bounty Coffees and Chocolates Helping Individuals Reverse the Aging Process
4. Individualized treatment for heart failure is rarely available outside hospital
5. Teens Likely to Trade Team Sports for Individual Exercise
6. QualityMetric Offers Way to Measure the Impact of Sleep Problems on Individuals and Groups
7. Eleventh Annual Welcome Back Awards Program Honors Individuals who Positively Impact the Depression Community
8. Genomic Healths Oncotype DX(R) Colon Cancer Test Predicts Individualized Recurrence Risk for Stage II Colon Cancer Patients
9. arc Thrift Stores to Honor Individuals and Businesses Who Support People With Developmental Disabilities
10. SCAI Statement on A National Study of the Effect of Individual Proton Pump Inhibitors on Cardiovascular Outcomes in Patients Treated with Clopidogrel Following Coronary Stenting: The Clopidogrel Medco Outcomes Study
11. Blue Cross Launches Largest Selection of Individual Plans Available in Minnesota
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/22/2017)... ... February 22, 2017 , ... A cylindrical “pipeline” used ... harder to reach ones, according to the results of a clinical trial announced ... Houston by Ricardo A. Hanel, MD, PhD, neurovascular surgeon with Baptist Health and ...
(Date:2/22/2017)... ... February 22, 2017 , ... THR ... “NANOCALM 300” Microemulsified Hemp Extract. This premier nanoemulsified CBD product utilizes Quicksilver ... the bloodstream. Far outpacing the absorption speed of all other products, ...
(Date:2/22/2017)... ... February 22, 2017 , ... ANGLESTRONG , the new recovery ... available on the App Store and Google Play . Florida-based Sober ... addiction and recovery industry, partnered with Angle to build ANGLESTRONG. The new recovery management ...
(Date:2/22/2017)... ... 2017 , ... Bellus Medical, a leader in medical aesthetics, ... of Platelet Rich Plasma (PRP). PRP systems are used by physicians in areas ... and provide a faster and more efficient healing process. There are many systems ...
(Date:2/22/2017)... ... February 22, 2017 , ... Forty-five percent of American respondents ... family members or friends have also commented about their poor hearing. However, only ... aids. One reason, suggested by 89 percent of American respondents, is that they ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... , Feb. 22, 2017 astic drugs ... type of antineoplastic drug aiming at functions at multiple ... in to a new stage. Download the ... there are nearly four million cases of new tumors ... aging of population, environmental pollution caused by industrialization and ...
(Date:2/22/2017)... YORK , Feb. 22, 2017 ... the atherosclerosis partnering deals and agreements entered into ... the full report: http://www.reportlinker.com/p03605675-summary/view-report.html Description ... 2010 report provides understanding and access to partnering ... leading healthcare companies. - Trends in ...
(Date:2/22/2017)... Summary Provides understanding and access ... entered into by the worlds leading healthcare companies. ... The Global Motor Neurone Disease Partnering Terms and Agreements ... deals and agreements entered into by the world,s leading ... - Top deals by value - Deals ...
Breaking Medicine Technology: