What if you could offer your employees a free service that would help you reduce your healthcare claims and help them detect disease early, when it’s more treatable and less costly? In fact, a study found that these specific types of doctors were the first to identify signs of diabetes and high blood pressure 34-39% of the time. These doctors are also first to identify high cholesterol 62% of the time!
Early detection of these diseases can save employers $1,300 - $3,100 in health insurance claims per employee over four years!1
So, what is this secret benefit? It’s just plain ol’ everyday vision insurance! Typically for less than $150, your employees can enjoy an eye exam and glasses or contacts annually. A small deductible will apply. Your employees can also purchase coverage for dependents as well. When employees utilize their vision insurance and receive their annual eye exam, everyone wins.
The study, conducted by Human Capital Management Services Group (HCMS), a national human capital consulting firm, found that for every dollar invested in a comprehensive eye exam, employers saw a $1.45 return on investment through lower healthcare costs, improved employee productivity, and lower turnaround rates.2
The study also found that…
- Employees are more likely to get an eye exam than an annual physical.3
- Employees who receive an annual comprehensive eye exam are also more likely to get treatment for serious healthcare conditions earlier than their counterparts, thereby reducing their long-term cost of care.
- Employees who had a health condition identified by an eye exam needed less medication to manage their condition.
- Employees are more likely to visit the emergency room or be admitted to the hospital if their condition was detected by another healthcare provider.1
With rising healthcare costs, finding benefits that provide a positive return on investment is more important than ever. To learn more about the types of public sector vision plans in your state, contact your Market Development or Account Representative.
Click to download the infographic to learn how much employers can save by implementing a vision plan and how often an eye exam is the first step in diagnosing health conditions.
*You or your employees invest in this benefit
1"VSP Press Release: Employers Offering Vision Insurance Save $5.8 Billion in Healthcare,” HCMS Group, June 2018. http://www.hcmsgroup.com/vsp-press-release-employers-offering-vision-insurance-save-billion-on-healthcare/
2“Factors affecting 2014 Medical Cost Trend,” PricewaterhouseCoopers, June 2013.http://www.pwc.com/us/en/health-industries/behind-the-numbers/index.jhtml
3“Preventive Health Examinations, and Preventive Gynecological Examinations in the US,” Archives of Internal Medicine, 2007.
National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.
