Alternative No. 1: Medicare Advantage vision coverage
If you do want vision coverage, you may want to look at what locally available Medicare Advantage plans offer.
The good news is that 99% of Medicare Advantage enrollees find a plan with some vision coverage, according to the Kaiser Family Foundation. The bad news is that the average annual dollar limit for this coverage is $160, way less than the $366 average price tag for a pair of glasses with single-vision lenses.
The bottom line is that in 2018, the average Medicare Advantage beneficiary paid $194 out of pocket for vision services, which is only $48 less than the typical Original Medicare beneficiary spent, according to the KFF. Given this relatively small difference in out-of-pocket costs, it may not make sense to sign up for Medicare Advantage if vision care is the only benefit you need beyond what Original Medicare offers.
Alternative No. 2: An individual or group vision plan
Individual or group vision insurance comes with similar questions about the value to the consumer. Typically requiring a monthly premium of around $15 or $20, vision plans that you buy on your own or through your or your spouse’s employer often have a host of limitations.
Here are some possible limitations of private vision insurance: