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Incorporating Vision Insurance into Your Employee Health Benefits Package.

More British companies seek to provide employee health benefits than ever before. That's because over four in ten business leaders are growing…

Incorporating Vision Insurance into Your Employee Health Benefits Package

28th May 2024

More British companies seek to provide employee health benefits than ever before. That’s because over four in ten business leaders are growing concerned about lengthening wait times at the NHS, which they believe worsens sickness absence rates in the workplace. Even larger companies with more than 1,000 people on their payroll are worried that backlogs may cause individuals to leave work altogether. As a result, more organisations plan to acquire private health insurance plans for their employees. 

If you’re similarly looking to be proactive about your workforce’s well-being, though, you’ll want to get plans that apply to more than just short-term illnesses and injuries. For improved employee wellness, productivity, and even retention, you’ll also want to provide coverage for mental health, dental care—and eye care. Though eyesight is crucial in the workplace, Optician Online notes that many in the UK neglect it due to the unaffordability of eye services and corrective aids amid the ongoing cost of living crisis. 

That makes it vital to integrate vision insurance into employee health benefits. Here’s more on the advantages this move can offer your business and how exactly you can make it happen. 

Why offer vision insurance to employees 

Many workplaces have undergone digital transformation, and countless jobs now require employees to clock extensive screen time on their computers. That can cause pain and discomfort through conditions like eye strain and dry eye syndrome. In some cases, it can lead to more severe eye issues. With many Brits postponing eye care until they can afford treatments like prescription eyewear and corrective procedures, providing vision insurance means employees get the medical attention they need without worrying about the cost. Aside from helping them maintain healthy vision, this can improve their comfort and overall productivity—enhancing your business’s bottom line. What’s more, adding it to your existing benefits package sends the message that you care for their health, which can improve retention and job satisfaction and reduce employee turnover costs. 

How to integrate vision insurance into your employee health benefits package 

Survey your employees 

The first thing you’ll want to do is determine what your employees want out of a vision insurance plan. These preferences will vary due to a few factors. Those with families, for example, will want coverage for both themselves and their partners and children. Others may want customisable plans to suit their unique needs, lifestyles, and budgets. Listing the features they’re looking for will help you better decide what kind of insurance will benefit both your company and your workforce. You can improve employee survey response rates by developing a short, simple, easy-to-understand questionnaire they can answer anonymously. Communicating what you plan to do with their feedback can also encourage employees to respond.  

Look for a suitable plan 

If private health insurance is part of your existing employee benefits package, you’ll usually be able to include eye care as an additional service after paying a one-time fee. That can be cheaper than purchasing a separate plan. You may have to cover a hefty cumulative deductible before your provider starts paying for eye care services, so be sure the policy you’re considering fits your budget and offers features both your company and your employees prefer. Some key components you should look for include coverage for annual eye exams, allowances for purchasing glasses and contact lenses, and assistance with corrective procedures like cataract removal. You can also talk with your provider to develop a bespoke vision insurance plan that better aligns with employee feedback. 

Explain how it works 

After you’ve found a plan to your liking, inform employees how it works to help them get the most out of it. That’s especially crucial given how, according to Specsavers, more than half of employees aren’t aware they can get eye care benefits from their employers. Explain what employees can avail of through your upgraded benefits package and how much money it can help them save.

You can also give them tips on how to maximise it to suit both their needs and preferences. When selecting eyewear, for example, they can expand their options by using reputable online catalogues to select a brand, frame style, and lens type before checking if your provider will cover the cost of their chosen model. A good site for this is Glasses Direct, which offers popular brands like Ray-Ban, Gucci, and Oakley. Users can try out glasses frames on a seven-day free trial to see if they like the fit and feel of the glasses. You can also let your employees know where they can easily access refundable eye exams without needing to head to a clinic or hospital. Boots Opticians is a good option to this end. The chain’s refurbished stores can facilitate both NHS-funded and private eye tests along with contact lens fitting, trial, and aftercare services. Letting employees know how exactly they can use vision insurance plans may make them more likely to leverage it, allowing all parties to reap the benefits of healthier eyesight in the workplace.

It’s now imperative for businesses to provide private health insurance if they wish to safeguard employee health, happiness, and productivity—and with the significant role good eyesight plays in the workplace, integrating vision insurance into your benefits package can be crucial. Keep reading here at Corporate Vision for more elite business insights

Categories: Advice, Articles

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