How does vision insurance work?

When you purchase vision insurance, you will pay a monthly or annual premium to receive benefits for vision care services and products. In addition to your premium, vision insurance typically includes cost-sharing in the form of deductibles, copays, and coinsurance.[1] Your plan may have a waiting period before you can receive benefits.[2]

Stand-alone vision insurance plans generally provide no-cost eye care services and eyewear at fixed dollar amounts. Depending on your plan’s provisions, you may have a co-pay each time you use the plan’s services.