According to "Vision Care: Focusing on the Workplace Benefit," published by The Vision Council in late 2008:
|- About 120 million Americans have vision problems.
- With 11 million Americans living with an uncorrected vision problem, a number that is expected to increase as the population ages, the expense to business can be significant.
- The annual financial burden to the U.S. economy of major adult vision disorders exceeds $35 billion, including an estimated $8 billion in lost productivity.
- In addition, 40 percent of Americans fear they cannot afford adequate vision treatment, 63 percent said they would sign up for vision care coverage is given the opportunity, and two-thirds say they would be more willing to get an eye exam if they had some coverage.
- Yet, only 17 percent of employers report offering vision insurance. In fact, it lags behind dental insurance, which is offered by 44 percent.
- Vision coverage typically costs one-tenth that of medical benefits, and is often used more by employees than medical benefits.
(For a free download of the full report, go to: www.thevisioncouncil.org/news/news_item.cfm?OID=2002)
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.