Automate Out-of-Network Vision Insurance Reimbursements with Binkey Bursements
Frames
Lenses
Contact
lenses
Prescription sunglasses
Prescription sunglasses
Over 166 Million consumers in the US wear prescription glasses or contact lenses and over 130 million have some type of vision insurance or managed vision care
Most online vision merchants are not in-network with any vision insurance plans in the US. This means that they aren’t able to capture consumers who want to leverage their insurance benefit, leading these consumers to look for retailers who are in-network with their insurer.
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Binkey helps online vision merchants process out-of-network vision insurance claims for all US vision plans. Win more consumers while helping them maximize their vision benefits.
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Unlocking effortless reimbursements through seamless integration with key US vision insurance administrators, enhancing claim processing and elevating customer experience.
Unlocking effortless reimbursements through seamless integration with key US vision insurance administrators, enhancing claim processing and elevating customer experience.
Third-party vaulting & encryption
We securely store sensitive data using a third-party vaulting and encryption service.
Network Firewalls
We ensure a secure platform with several network firewalls to protect from bad actors.
Secure data storage and hosting
We host our servers using a secure online data storage and hosting service that is used by many federal departments.
No data sharing
Customer data is only used for Binkey's services. The data on our servers is not accessible to or used by any other party.
Binkey Bursements is a self-service tool vision merchants can offer to their customers to process out-of-network insurance claims. It is a post-purchase experience which allows you to capture the entire transaction up-front, and streamlines the claims submission process for your customers.
You don’t need to be in-network with any insurers, our solution is specifically designed to help merchants that are out of network process vision claims for their customers.
No, our tool is designed for your customer and it is fully self-serve, your team does not need to manage any claims or chase down reimbursement checks. The customer is able to submit their own claim, and is directly reimbursed by the vision insurance plans.
You don’t need to be in-netwBinkey currently supports all private and employee sponsored PPO (Preferred Provider Organization) plans in the US. This includes plan administrators such as:
· VSP Vision
· EyeMed
· Davis Vision
· Cigna
· VBA
· Aetna Vision
· United Healthcare
· Humana
· Lincoln Financial Group
· Anthem
· Blue Cross Blue Shield
· Spectera
· Wellpoint
Each vision plan’s out-of-network coverage varies, so it depends on which individual plan your customer has. However, on average, out-of-network claims will cover $100 for frames and lenses, and similar for contact lenses.
Processing times for each vision insurance provider varies, typically your customer will see their reimbursement in 2-3 weeks.
Your vision insurance will cover prescription frames and lenses, but some items like accessories or non-prescription sunglasses will not be covered. We’ve made it easy for you to find eligible items, simply look for the eligibility flag for each product when shopping.
Binkey will handle all customer questions and queries related to the process of submitting their out-of-network insurance claim.
