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If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Vision Insurance procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Vision Insurance, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Vision Insurance - Recent Price Trend

Premiums for vision insurance have been rising at an estimated average annual rate of 1.5% in the three years to 2018, anchored primarily by rising demand for such policies. For example, the number of businesses in the United States has risen in concert with economic growth. Although many businesses are not legally required to offer vision insurance to employees, many of them offer these policies.

Vision Insurance - Total Cost of Ownership

The total cost of ownership for vision insurance is low. Although this type of insurance entails some additional fees, the buyer’s employees largely absorb these extra costs rather than the buyer. As a result, buyers’ added expenses account for less than 30.0% of the benchmark price per year.The most significant additional fees pertain to out-of-pocket expenses, namely copayments. In general,.

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About this Report

This report is intended to assist buyers of vision insurance. A vision insurance plan reduces policyholders' costs for routine eye exams and other vision-related procedures. Additionally, vision insurers offer discounts on eyeglasses and contact lens purchases. This report does not cover group health insurance, group dental insurance or life insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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