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METLIFE LAUNCHES NEW NATIONAL VISION PRODUCT

NEW YORK, NY -April 16, 2012 - Vision coverage is a valued employee benefit — 84% of employees state that this benefit is important to them, according to Jobson Optical Research. Adding vision coverage to a benefits program not only helps promote employee satisfaction and productivity, but can also be part of a broader strategy to help mitigate the effects of rising healthcare costs. MetLife today announced its new MetLife Vision PPO product as a complement to its other workplace products. The offering is available to employers in all 50 States with 10 or more eligible employees, subject to regulatory approval in certain states.

“Adding a vision benefit designed from the latest research and industry innovations is a win-win for employers and their employees. Vision coverage can help employers leverage their benefits programs to manage healthcare costs and increase employee satisfaction to help attract and retain a productive workforce,” says Michael Schwartz, vice president, MetLife Dental and Vision Products. “Vision benefits that offer employees real savings as well as choice and convenience for receiving services, can help them obtain the care they need now and prevent costlier issues later through early detection.”

MetLife’s vision plan offers:

  • Flexibility for employers to select from a wide range of plan designs to best fit their needs—including choice of service frequency, exam copay, materials copay and frame/contact lens allowance.
  • Convenience and choice for members — delivering an extensive, high quality network of licensed eye care professionals including ophthalmologists, optometrists and opticians who work out of full-service private practices and retail chain locations. Additional savings apply when using an in-network provider.
  • Industry-leading standard features as well as employee decision support tools and wellness programs.
  • Ease of administration with integrated, simplified implementation, billing and customer service, by adding a vision plan alongside another new or existing MetLife benefit plan.

About MetLife

Metropolitan Life Insurance Company (MetLife) is a subsidiary of MetLife, Inc. (NYSE: MET), a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. For more information, visit www.metlife.com

Contact:

jmahaney@metlife.com

keldred@metlife.com

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