Aflac Supplemental Insurance (2024)

FAQs

Is it worth getting supplemental insurance? ›

Who buys supplemental insurance coverage and why? You may be a right fit for additional insurance coverage if you: Have a family history of certain types of diseases, such as cancer, heart disease, stroke, etc. Want additional financial protection in the event of unexpected accidents or injuries.

Pre-Existing Conditions Limitation: Aflac will not pay benefits for any period of disability that results, directly or indirectly, from Sickness or Injury for which you, during the 12 months prior to the most recent Effective Date of your insurance, incurred expenses, received medical treatment, took prescribed drugs ...

Aflac pays policyholders directly,

unless otherwise assigned, to help with out-of-pocket expenses such as: Travel costs for treatment. Mortgage or bill payments while out of work.

Many Aflac policies range anywhere from $8 to $25 or more per month. You can contact Aflac directly for more information on specific supplemental insurance plans that pique your interest.

How Much Supplemental Life Insurance Do I Need? Financial experts and insurance companies recommend having seven to 10 times your annual salary in life insurance, so if you earn $75,000 per year, the guideline would be $525,000 to $750,000 in coverage.

ACCIDENT-ONLY MAJOR DIAGNOSTIC AND IMAGING EXAMS BENEFIT: Aflac will pay $150 when a Covered Person requires one of the following exams for Injuries sustained in a covered accident and a charge is incurred: computerized tomography (CT scan), computerized axial tomography (CAT), magnetic resonance imaging (MRI), or ...

This benefit is limited to one payment per calendar year, per covered person. No lifetime maximum. Surgical Benefit Aflac will pay $100–$2,000 when a covered person has surgery performed for a covered sickness in a hospital or ambulatory surgical center based upon the Schedule of Operations in the policy.

In the case of this plan, the mammogram benefit is limited to $100 and can pay out once per year. In order to receive the $100, you must submit a claim.

We will pay the amount shown when, because of a covered accident, you are injured and those injuries cause confinement to a hospital for at least 24 hours within 90 days after the accident date. The maximum period for which you can collect the Hospital Confinement Benefit for the same injury is 365 days.

What is the best alternative to Aflac? ›

When you're facing a serious illness or accident, supplemental insurance policies can pick up where major medical leaves off by paying for out-of-pocket expenses and even helping with everyday expenses – all for a regular monthly premium.

Pre-Existing Conditions Limitation: Aflac will not pay benefits for any period of disability that results, directly or indirectly, from Sickness or Injury for which you, during the six months prior to the most recent Effective Date of your insurance, incurred expenses, received medical treatment, took prescribed drugs ...

Supplemental health insurance plans are health care plans used to cover anything above and beyond basic medical coverage. These plans provide extra medical coverage and can also be used to contribute to other costs not covered by your primary insurance plan such as copayments, coinsurance, and deductibles.

People at high risk for conditions such as heart disease, stroke and cancer should consider critical illness insurance. These plans help pay the costs associated with serious illnesses such as cancer and heart disease. The plans pay a lump sum for diagnoses specifically listed in the policies.

If you are 65 or older, you may be able to purchase a Medicare Supplement insurance plan during the Medicare Supplement Open Enrollment Period. This period lasts for six months and begins on the first day of the month in which you are both 65 or older and enrolled in Medicare Part B.

If you are looking for more protection, consider adding extra coverage on top of your group long term or individual disability plan. Supplemental disability insurance can be a great add-on for employees who wish to protect a greater percentage of their income, bonuses or commissions.