Study demonstrates the cost savings for companies offering vision care

April 6, 2011

Companies that think including vision care in a benefits package is costly to them may be wrong.

A new study from Human Capital Management Services Group (HCMS) found that for every $1 invested into VSP Vision Care services, businesses will receive $1.27 in an average two-year total return, which could save billions collectively.

The researchers found one particular vision company could save $4.5 billion for its clients, which include for-profits, nonprofits and government organization, as it will be able to detect diseases earlier than they would be if an individual did not have an eye care exam.

"With healthcare costs spiraling out of control, these new findings showing $4.5 billion in savings clearly demonstrate the importance of stand alone eyecare benefits," said Rob Lynch, chief executive officer of VSP Global. "Preventive eye exams support overall wellness and are much more than a means to receive prescription eyewear."

Many people do not understand how important eye health screenings can be for detecting early onset vision diseases. The recommended frequency an adult should have their eyes examined is every two years, according to the American Optometric Association.