Financial Services Industry
Industry: Email Alert RSS FeedA Tug-of-War Over Contact Lenses - Brief Article
Kiplinger's Personal Finance Magazine, Dec, 1999 by Stephanie Gallagher
Finding discount prices is easy--if you can get your prescription.
Contact lenses can be a lot cheaper when you buy them through the mail than when you buy them through your eye doctor. Trouble is, some doctors are keeping a tight grip on lens prescriptions because they'd rather keep the profits in their practice.
Rayna Brachmann, a 26-year-old legal researcher from Reno, Nev., recently switched to Biocompatible's Proclear Compatibles lenses, which have a high water content that makes them well-suited to Nevada's desert climate. But her optometrist balked when she asked if the lenses were available from another source. "One, he didn't think they were available from any other source," Brachmann says, "and two, he had heard they weren't as highly controlled as those dispensed through doctors."
Most RecentFinancial Services Articles
Neither assertion is true. Brachmann got on the Internet and found her lenses on several Web sites for $35.95 for a box of six pairs. (Her doctor was charging $50 a box.) Brachmann says her doctor told her that lenses offered by places like 1-800-Contacts may have failed manufacturers' quality checks. Bausch & Lomb, Johnson & Johnson and other lensmakers say there's no difference in quality between the lenses sold through doctors and those sold directly to consumers.
STATES CRACK DOWN. Attorneys general in 32 states have sued the American Optometric Association and two of the top contact-lens manufacturers (Vistakon, a division of Johnson & Johnson, and Bausch & Lomb), alleging that the AOA tried to get manufacturers to agree to sell disposable lenses only through optometrists or other eye-care professionals. The attorneys general say they also have evidence that doctors agreed to withhold prescriptions from people who sought to buy lenses from other sources, despite the fact that at least 22 states have laws requiring eye doctors to give out contact-lens prescriptions upon request.
Although the AOA says patients should be able to buy their lenses anywhere, the organization has reservations about mail-order purchases. "The difficulty when someone goes through mail order is that they don't come back for regular checkups," says AOA president Dr. Harvey Hanlen.
BE PERSISTENT. What should you do if you have trouble prying your prescription out of your doctor's hands? Your state attorney general's office should be able to tell you whether your state requires doctors to give out prescriptions. If yours doesn't, try reassuring your doctor that you will not neglect necessary follow-up visits, or ask him or her to match prices you've found at an online or mail-order source.
When comparing prices, be sure to factor in any shipping charges that add to your mail-order costs. And ask what a discounter's policy is on replacing damaged or missing lenses; many doctors replace them free. Also check the expiration date when you get your lenses to make sure they haven't expired.
CREDIT CARDS
BEST DEALS
Low-interest premium cards Best if you carry a balance
CASH-ADVANCE ANNUAL
ISSUER RECENT RATE RATE/FEE(C) FEE
USAA Savings (G,P) 9.25% 9.25%/none 45
Huntington (G) 9.25 18.25/2% 49
Pulaski Bank & Trust (G) 9.45 9.45/none 50
LATE/ TELEPHONE
ISSUER OVER LIMIT NUMBER
USAA Savings (G,P) $20/none 800-922-9092
Huntington (G) 29/$29 800-480-2265
Pulaski Bank & Trust (G) 20/20 800-980-2265
No-fee premium cards Best if you usually pay the balance each month
CASH-ADVANCE GRACE
ISSUER RECENT RATE RATE/FEE(C) PERIOD
Fleet (P) 7.99% 19.8%/4% 20 days
Capital One (P) 9.9 19.8/2.5 25 days
Wachovia (G) 9.9 19.99/4 20 days
LATE/ TELEPHONE
ISSUER OVER LIMIT NUMBER
Fleet (P) $29/$29 800-225-5353
Capital One (P) 25/25 800-822-3397
Wachovia (G) 29/29 800-842-3262
Rebate cards Best of the retail cards
CASH-ADVANCE
ISSUER RECENT RATE RATE/FEE(C)
Macy's Premier Visa 19.16% 19.16%/3%
Bloomingdale's Premier Visa 19.6 19.6/3
Kroger Visa 20.08(*) 20.08(*)/3
ANNUAL REBATE
ISSUER FEE IN STORE/OTHER
Macy's Premier Visa none 3%/1%(#)
Bloomingdale's Premier Visa none 3/1([sections])
Kroger Visa none([dagger]) 2/1([double dagger])
TELEPHONE
ISSUER NUMBER
Macy's Premier Visa 800-922-7028
Bloomingdale's Premier Visa 800-670-9840
Kroger Visa 877-257-6437
(C) Cash advances frequently have no grace period; additional fees may be charged. (G) gold card (P) platinum card (*) rate may be lower depending on credit history ([dagger]) if used three times a year (#) expires after six months ([sections]) expires after 90 days; must spend $1,000 a year to qualify ([double dagger]) expires after three years.
Brought to you by CBS MoneyWatch.com
- 10 Best Places to Retire
- Companies with the Best 401(k) Plans
- Most Important Document for Your Heirs? It's Not Your Will
- Video: Should You Expect to Retire Rich?
- Over 50? Here's How to Get (and Keep) a Great Job
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo galleryplus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key

