Critical Illness Insurance pays a lump-sum amount in the event you or a covered dependent becomes critically ill. You can use these funds to pay for medical costs not covered by your medical coverage (deductibles, copays, coinsurance), or any regular expenses, such as transportation costs, groceries, electric bills or home care. Covered illnesses include heart disease, stroke, cancer, kidney failure, Alzheimer’s disease, Parkinson’s disease, multiple sclerosis, blindness, deafness or terminal illnesses.
Accident Insurance also provides a lump-sum payment, based on treatment received for injuries sustained in a covered accident. Examples of covered accidents include broken bones, fractures or burns from accidents that require emergency care or surgery. Accident Insurance from Aflac can be used to pay for medical costs not covered by your medical coverage (deductibles, copays, coinsurance), or transportation and lodging expenses incurred while you are receiving treatment.
Hospital Indemnity will provide a lump-sum payment for a hospital stay. For example if an employee has a baby and remains in the hospital, she will receive $1,500 for the hospital admittance, plus $200 for each day she remains in the hospital. Hospital Indemnity Insurance from Aflac can be used to pay for medical costs not covered by your medical coverage (deductibles, copays, coinsurance) or any regular expenses such as mortgage, utilities and groceries.
The three supplemental insurance policies from Aflac complement your other coverage. For example, if you are considering Option C under the Medical Plan, you can purchase one or all of these supplemental insurance options as another way to manage Option C’s higher deductible if you or a family member faces a critical illness, accident or hospital stay. You can put the money you save on contributions in Option C toward the premiums for these supplemental insurance policies. Unlike traditional medical coverage, the payments you receive aren’t tied to your medical bills and there are no rules on how you can use the money.
Depending on your election, you’ll select a coverage level by lump-sum amount or treatment-based benefits that pay over time. All claims are submitted to Aflac directly and decided by Aflac in its sole discretion.