How are Vision Care Direct and the state IPA Funded?

IPA Operations Account*

Source of Revenue

• Initial doctor membership fees
• Preferred Vendors program fees
• Participating doctor dues

Expenditures

• IPA business expenses such as legal and professional fees, consulting fees, phone calls, meetings, meals, travel expenses, printing, etc
• Marketing
  • Sales rep salaries or compensation, travel expenses

Vision Care Direct Plan Claims Administration Account*

The money in this account CANNOT be co-mingled with any other account according to state insurance laws! The plan member’s money is simply held in this account until they are ready to use it for their prepaid packaged vision care.

Source of Revenue

• Vision plan membership enrollments and fees

Expenditures

• Claims payments to doctors providing the services and materials prepaid packages by plan members
• Plan administration
  • Services include; enrollments, monthly list bills, claims processing and payment, reporting
• Commissions
  • Agents
  • Brokers

*Both accounts are controlled by the state IPA.