According to the Centers for Disease Control and Prevention (CDC), more than 12 million adults age 40 and older suffer from vision impairment. This may be a significant indicator that vision insurance should be a crucial part of your retirement plan. The plan you choose may allow you to get regular eye exams and help cover your vision care costs, from new glasses to screenings for eye diseases. 

What are your options for vision insurance after retirement?

There are three paths to vision coverage once you retire:
  • Medicare Part B
  • Medicare Advantage
  • Individual Vision Insurance
While each option has its advantages and disadvantages, individual vision insurance offers a level of flexibility that can help you get the eyecare you need.
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What about Medicare?

Medicare is the go-to health coverage for those 65 and older, but it isn’t as comprehensive as many may think. If you opt for Medicare Part B, it will cover some of the cost of vision care, but only if the problem is medical, such as a disease like glaucoma. There must be an underlying disease for Medicare to pay for eyeglasses and contacts, too. For example, they might cover your eyeglasses if you have cataract surgery, but not if you need a pair to simply help you read.

What do Medicare Advantage plans pay?

Those who select a Medicare Advantage plan may have some vision coverage, but it will still have limitations. In fact, your plan may pay less than $200 per year toward vision care. That may cover an exam but may not be enough for glasses too.

Why do you need vision insurance?

Because of Medicare limitations, when it comes to eye health, those in retirement may need to consider individual vision insurance. The right plan may cover at least one exam per year, complete with screenings for conditions that affect seniors. Even if you have Medicare Part B or a Medicare Advantage plan, stand-alone vision insurance might help cover what they don’t.
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How much does vision insurance cost?

Vision insurance has a range of premium costs depending on who requires coverage, the benefits it provides, and where you live. 

If you are getting other types of supplemental coverage, you could also take advantage of a bundled plan that may cover vision, hearing, and dental care at one monthly cost. 

Whatever your eyecare needs, American Fidelity Retirement Services (AFRS) can help you find the right vision plan for you. Learn more about our Vision Insurance program today. 

This blog is up to date as of February 2025 and has not been updated for changes in the law, administration or current events. 

This information is general in nature and should not be considered financial, legal or tax advice. Consult an attorney or a tax professional regarding your specific situation.

 

Sources:

Retirees, Here are 3 Paths for Getting Vision Insurance; May 2022, accessed 1/24/2025

Blog intro / teaser: Original Medicare doesn’t cover routine vision care. It’s why many people choose to get vision coverage through a standalone vision insurance plan.