When your employees fall sick, the last thing they should be worrying about is how they’re going to pay for care. For an affordable cost, the Aflac Plus Rider can help save them that worry – and can help drive their loyalty to you for making this coverage available. That loyalty matters to your bottom line, particularly during a pandemic that has seemed to rattle the entire workforce. Learn more about how the Aflac Plus Rider can help your workforce through COVID-19.
What is the Aflac Plus Rider?
It’s cash paid to policyholders to help cover out-of-pocket expenses for covered health events, as well as health events such as heart attack, stroke and type 1 diabetes. It’s not a policy on its own; it’s an addition to enhance a number of Aflac insurance policies, including hospital indemnity insurance, accident insurance, disability insurance and cancer coverage, depending on where you live. Your Aflac agent can tell you which policies can have the rider attached.
How does the Aflac Plus Rider work?
Let’s say one of your employees has an accident that results in a permanent loss of hearing. Parts of the treatment would be paid for by health insurance. If the employee has Aflac’s accident policy, that policy would provide direct payment, unless otherwise assigned to help with expenses.
That’s a start. But there are a lot of unexpected expenses that even health insurance and accident coverage may not cover. Your employee may need to purchase assistive technology that would improve her equality of life. She may need time away from work to figure out how to meet her day-to-day needs, and may require a gradual return to work as she adapts to her new condition. Meanwhile, she’d still need to figure out how to pay for things like utility bills, car payments, mortgage payments, kids’ birthday presents and other out-of-pocket expenses.
That’s where Aflac Plus Rider steps in to help: It offers your employees $5,0001 for a covered critical health event to help with the rest of their expenses, without them having to fill out claims for every expense. The money is your employees’ to do with as they wish.
Now, let’s say the employee was then diagnosed with another covered condition, such as advanced Parkinson’s disease. The second critical illness event benefit works the same way, with a $2,500 payment.1
Does the Aflac Plus Rider offer benefits for COVID-19 and other infectious diseases?
Yes, starting in the first quarter of 2021. Employees who need to be hospitalized as a result of being diagnosed with human coronavirus, to include COVID-19, along with bird flu/H5N1, influenza, pneumonia or Ebola can receive $1,250 to $5,000, depending on the length of hospital confinement required.1
Other needs surrounding the coronavirus are covered by other Aflac plans. Antibody testing and vaccinations (once available) fall under Aflac’s wellness benefits, and policyholders who are unable to work because of a positive diagnosis are paid benefits under short-term disability policies.1 More on how the Aflac Plus Rider can help support employees with COVID-19.
Easy for you, crucial for your workforce
Nearly 60% of employees have missed a paycheck because of a serious health event or accident in 20202; nearly 70% needed to take a leave of absence.2 That piles up in ways that health insurance doesn’t necessarily cover: 28% of employees say they’ve had to delay medical care so they could afford their daily living expenses,2 and 13% say high medical costs have negatively affected their credit scores.2 It’s taking a toll on their mental health: 42% of adults report personal debt as a major stressor3 That in turn takes a toll on your bottom line, as 78% of employees report that financial stress hurts their productivity.4
When you include Aflac Plus Rider as an option for your employees, you’re helping them create a budget before they need it. And it can be at no cost to you – the Aflac Plus Rider cost can come entirely out of employees’ paychecks, at an affordable price.
You can help give your employees peace of mind in a way that doesn’t add much, or anything, to your benefits cost. Learn more about the Aflac Plus Rider.
1 Coverage may not be available in all states, including but not limited to New York. Benefits may vary based on plan selected. Refer to the state-specific policy and riders for complete details, limitations, and exclusions.
2 Aflac WorkForces Report. “Workplace Benefits Trends Executive Summary.” Published September 2020. Accessed 12.1.2020.
3 APA/Harris poll via Statista 2020. Accessed 12.1.2020.
4 “Better for Employees, Better for Business: The Case for Employers to Invest in Employee Financial Health.” Morgan Stanley and Financial Health Network. Published 2019. Accessed 12.1.2020.
Aflac Plus Rider (CIRIDER series): In Arkansas, Riders CIRIDERAR, CIRIDERHAR. In Oklahoma, Riders CIRIDEROK, CIRIDERHOK. In New Jersey, Riders CIRIDERNJ and CIRIDERHNJ. In Oregon, Riders CIRIDEROR, CIRIDERHOR. In TX, Riders CIRIDERTX, CIRIDERHTX. The Aflac Plus Riders are not available for residents in Idaho, New York, Pennsylvania or Virginia. Short-Term Disability (57600 series): In Arkansas, Policies A57600AR & A57600LBAR. In Idaho, Policy A57600IDR. In New York, Policy NY57600. In Oklahoma, Policies A57600OK & A57600LBOK. In Oregon, Policies A57600OR & A57600LBOR. In Pennsylvania, Policies A57600PA & A57600LBPA. In Texas, Policies A57600TX & A57600LBTX. In Virginia, Policies A57600VA & A57600LBVA.
Coverage is underwritten by Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999
This is a brief product overview only. Coverage may not be available in all states, including but not limited to ID, NY, NJ & NM. Benefits/premium rates may vary based on plan selected. Optional riders may be available at an additional cost. The policies/riders have limitations and exclusions that may affect benefits payable. Refer to the specified policy/rider form(s) for complete details, benefits, limitations, and exclusions. For availability and costs, please contact your local Aflac agent.