Originally Posted by
beejay
Hello Optiboarders,
In India there is no insurance for eye wear. It is not really insurance. It is "managed care". The customer needs to pay for it themselves. Of course there are some corporates that reimburse their employees on a yearly basis for purchase of eye wear. The patient still pays for it but the insurance company takes a piece of the pie for putting you on their panel of recommended doctors and sends exams your way.
How does insurance work in your country? You increase all your prices so you can discount them for the "insurance".
Do you think it increases or harms your business? It adds a layer of paperwork and makes you less independent as you now have to answer to the insurance.
Was it forced upon by some Government law or did the Optician want for it to be implemented? Corporations saw a way to increase profits and dividends.
Does the customer have to pay a premium( meaning a yearly/monthly charge) to the insurance company? Maybe. There are hundreds if not thousands of plans that are offered. Some business' pay it as a benefit to their employees.
Is it only available in the USA? Mostly USA and Canada.
I'm just asking to understand how this works.
Benny
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