Lockheed Martin has a fantastic vision benefits program that will keep your eyes seeing 20/20. A great advantage right off the bat is that as an employee you are already eligible to partake in these benefits from day one (even part-time employees)! Coverage is shared between employer and employee, so Lockheed Martin will pay some and you will also see a paycheck deduction.
“Well if Lockheed isn’t paying for all the vision benefits, why should I bother?” you may be asking yourself. As with health costs, expenses relating to vision can be pricey as well, particularly without insurance. Not having insurance would force you to not only save for such expenses separately, but you would be responsible for the entire cost. Yes, with insurance you are constantly paying for premiums, but the insurance company pays a great deal of the cost through coinsurance, saving you money on services and products. With vision insurance, it is much more affordable to have annual eye examinations – only $10 copay! This routine checkup is a preventative step that could save you from more extreme conditions down the road, which would ultimately cost more, too. If you need contact lenses, glasses, or other vision-related products, the annual checkup would also allow you to refill these prescriptions.
Dependent Eligibility
- Spouse
- Children up to age 26
- Disabled children over age 26
- Domestic partner (and his/her children)
How to Enroll
- Regular employee: During annual open enrollment, make elections through the employee service center online.
- New hire: Complete the materials provided to you by the Employee Service Center within 30 days.
To summarize, it is beneficial to participate in Lockheed Martin’s vision insurance program because it’s partially funded by the employer, allows affordable annual preventative eye examinations that help keep your eyes healthy, and offers discounts on contact lenses, glasses, and even laser surgery. Refer to the summary plan description for full details on what Lockheed offers for vision benefits. See well to be well!
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