Principal Financial Group adds new service for dental, vision customers

Feb. 16, 2005
Vision discount program, through VSP AccessPlan, to provide added value.

The Principal Financial Group has announced that beginning March 1, 2005, all new and existing customers with insured dental and/or vision coverage with The Principal will automatically receive access to discounts on vision services through the VSP Access Plan.

VSP is the nation's largest provider of eye care benefits. These benefits are available to members of The Principal when they use eye doctors in the VSP network, with no additional cost to the employer.

"The VSP Access Plan offers our customers a valuable added
benefit. And because the program works in tandem with our insurance coverage, it's especially attractive for our vision customers," said Theresa McConeghey, dental and vision product director for The Principal. "VSP provides a comprehensive network of private practice eyecare doctors who discount their offerings at the point of service � our customers receive their vision insurance benefits based on the discounted cost of services received."

Through the VSP Access Plan, members receive discounts on eye
exams, prescription glasses, contact lens exams (evaluations and
fittings) and laser surgery. The VSP network is so extensive that 90 percent of all Americans live within 10 miles of a VSP doctor. To
locate a doctor within the VSP network, customers need only visit or call 800-877-7195.

"The VSP Access Plan has been available to our medical insurance
customers since January 2000, and we have experienced a tremendous response from members taking advantage of the program. The Principal is pleased to widen the reach of this very beneficial discount program," noted McConeghey.

VSP offers plans that range from comprehensive eye examinations and eyewear to complete medical and surgical eyecare. With more than 39 million members nationwide, one in eight people in the United States relies on VSP for eyecare health coverage.