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Dependent Vision Care Coverage
DEPENDENT VISION CARE COVERAGE
TO: [First Name of employee] [Last Name of employee]
[Title of employee]
FROM: [First Name of employer] [Last Name of employer]
[Title of employer]
DATE: [Date of notification]
RE: Dependent vision care coverage
Effective [Effective Date], we will no longer be able to offer employees paid vision care coverage for dependents. Though we believe in the importance of eye care and would like to continue the benefit, it is not cost-effective and is a tremendous burden to the health care costs of the company.
Currently, we are paying a premium for eye care on every employee, regardless if they have a dependent or not. Though we are paying $ for each employee per month for this benefit, we have found that most employees do not even take advantage of the coverage.
Instead of universally covering everyone, the company has decided to give each employee a $ credit each month with which they may purchase vision care coverage for $ a person. Those who elect not to purchase the insurance will have an extra ten dollars each month in their pay check.
We believe that this decision will benefit both the company and the employees as it will reduce cost and eliminate unnecessary benefits for those who do not use them. The vision care decision will become effective starting with the coming year. If you have any questions concerning this matter, please forward them to [Name of Contact] at ext. [Phone of Contact].