National employee benefits provider finds that cutting vision health insurance benefits may lead to one-third of working millennials to look for a new job.
According to an online survey conducted by Unum of more than 1,200 people working in the U.S., 34 percent of people aged 25 to 34 consider vision insurance to be a key factor when choosing (or leaving) an employer.
“As the job market gets more competitive, we find that benefits can often be a big differentiator to prospective, and even current, employees,” says Amy Mann, Senior Vice President, Human Resources, for Versant Health, a leading national managed eye health and vision plan company. “Vision insurance allows you to get a comprehensive eye exam, as well as significantly reduce the cost of corrective eyeglasses and contact lenses, which are usually not covered under traditional healthcare plans.”
While vision problems are often seen as issues that affect older Americans, more young adults are dealing with vision concerns, especially myopia (nearsightedness), likely caused by near-work requirements, as well as cell phone and tablet use.
Versant Health is one of the nation’s leading managed vision care companies serving more than 33 million members nationwide. Through our Davis Vision plans and Superior Vision plans, we help members enjoy the wonders of sight through healthy eyes and vision. Providing vision and eye health solutions that range from routine vision benefits to medical management, Versant Health has a unique visibility and scale across the total eye health value chain. As a result, members enjoy a seamless experience with access to one of the broadest provider networks in the industry and an exclusive frame collection. Commercial groups, individuals, third parties, and health plans that serve government-sponsored programs such as Medicaid and Medicare are among our valued customers.