20/20 Insight into why vision benefits are in demand
Like many small business owners, you may be looking for ways to expand employee benefits without increasing your costs. Voluntary benefits, like vision and dental, are one of the most efficient ways of doing this. These insurance products are offered through the workplace but paid for partially or solely by employees through payroll deduction. Each employee can choose the voluntary options best for him.
About eight in 10 workers sign up for vision coverage when it's offered; in fact, vision is now tied with dental as the second most popular health benefit after medical1. This is no surprise, considering that over 75 percent of the U.S. population between the ages of 25 and 64 require some sort of vision correction.2
Offering vision insurance makes good business sense
Beyond the obvious reason of providing benefits to satisfy employees, vision insurance has specific benefits for your business too.
Increases productivity. Eye issues can negatively impact employee efficiency in a variety of ways, and digital devices aren't helping. Employees staring at a computer all day have a higher risk of eye strain, computer vision syndrome, excessive dryness and overall eye discomfort, which can negatively impact productivity and effectiveness.3
Computer glasses—which would be prescribed during a vision exam—can help. Then there's the fact that if employees are working with uncorrected poor vision, they may be misreading information or taking longer to complete detailed tasks. Vision correction can help everyone perform at their peak.
Prevents costs down the road. Eye exams can detect early signs of chronic issues, such as diabetes, high blood pressure and high cholesterol. This early detection can help mitigate larger health problems down the road, saving both the business and employee in medical costs in the long term.
Improves employee acquisition and retention. Voluntary benefits such as vision add flexibility to an employee's compensation package, making your company more appealing as an employer. When your employees have access to benefits that address their needs, they are more likely to stay loyal to your company and contribute their best work.
One in four Millennials has accepted a new job because it offered more competitive benefits, and the same ratio say that vision benefits are the most appealing element of that package.4
A vision plan can help protect employees' vision and their overall health. Businesses benefit too, by ensuring workers see clearly thereby avoiding costly errors, accidents and injury.
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