Vision Insurance Inquiry
Hi everyone! I recently received vision insurance through my job, and I’m trying to understand the coverage details. It states the following about frame benefits: “Plan pays 100%, $125 allowance, 20% off balance over $125.”
So, does this mean that I can get frames that cost up to $125 without any out-of-pocket expenses? Or am I misunderstanding it? The wording is a bit confusing. Thanks for your help!
Understanding Car Insurance Premiums: A Personal Experience Recently, I found myself grappling with a perplexing situation regarding our car insurance…
Understanding the Recent Home Insurance Rate Increase in North Carolina In recent discussions surrounding homeowners insurance in North Carolina, a…
Navigating Life Insurance Options with a Criminal Record: What’s Possible for Individuals with Past Felonies? Securing life insurance can be…
Hi there! The wording can definitely be a bit confusing. What your vision insurance plan means is that you have a $125 allowance for frames. This means that the insurance will cover 100% of the cost of frames up to $125.
If you choose frames that cost more than $125, you will have to pay the difference. For example, if the frames you select cost $150, your insurance will cover $125, and you would pay the remaining $25. Additionally, you would get a 20% discount on that overage. So in this case, you’d pay 20% of the $25, which is $5.
In total, you would end up paying $30 for those $150 frames ($25 overage + $5 discount). Hope that clears things up!