What Does an Accident Policy Help Cover?
When a accident occurs, there can be a great deal of treatment fees that exist outside of hospital bills. Aflac pays you cash benefits directly (unless assigned), which can be used for any of these services:
Intensive Care Costs
Major Diagnostic Test & Exam Fees
Family Support Benefits
Injuries and Emergency Services Covered
Aflac’s accidental injury insurance helps cover a wide span of events, from emergency situations to more common accidents. On one side of the spectrum, we provide coverage for burns, comas, paralysis, concussions, dislocations, and lacerations. While crisis injuries can occur, there are a laundry list of common injuries that need attention too. Aflac also helps cover fractures, broken teeth, eye injuries, and pain management, like epidurals.
There are many additional costs on top of treating the injury that may not be covered under your primary medical coverage. Aflac can help pay for ambulance trips, physical therapy, CT Scans, MRIs, confinement, blood transfusions, and medical appliances.
An Inside Look at Monte's Accident
Monte has a standard health insurance plan with a $500 deductible. He has a small cushion in his bank account saved for a rainy day. He considers himself a graceful guy but found himself tripping and tumbling down a flight of stairs, breaking his leg. After an ambulance picked him up and performed a few tests, the doctor recommended 3 months of physical therapy.
His total medical expenses came out to $7,274.2 After filing a claim with his initial insurance, he still owes over $2,910.† With Aflac’s accident plan, Monte receives $2,4353 in cash benefits to help lower that burden. Aflac’s personal injury insurance helps Monte keep his rainy-day fund looking sunny.
What Isn't Covered
Accident and health insurance are different. While major health insurance is necessary, our accident policy is optional. Our voluntary accident insurance pays cash benefits when an emergency injury occurs.
Our accident policies pays benefits for hazardous activities like skydiving, rock climbing, and parachuting. However, if the accident puts you out of work for an extended period, we recommend our short term disability insurance policy.4
We know that sporting injuries like concussions are common and take strides to help cover you. However, if your accident results in life-changing heart attacks or strokes, our critical illness insurance policy5 would be a better fit. This route utilizes lump sum payments.
What about accidents while traveling? Our plan will help cover transportation costs, hospital fees, and other medical expenses incurred during travel accidents. It will not pay benefits for bacterial, viral, microorganism infections, or any condition resulting from insect bites or stings. For an in-depth understanding of what isn’t covered, explore the limitations and exclusions in your policy.
Is Accident Insurance Worth It?
Accidents happen, big or small, and always at the wrong time. No warning, no time beforehand to reallocate funds, but a surprise injury with a hefty price tag.
So, if you’re pondering, “do I need accident insurance?” we encourage you to look at the premiums on your current health insurance plan. According to the Kaiser Family Foundation 2020 Employer Health Benefit Survey, average single and family premiums increased 4% in the past year. This has skewed average family coverage up 22% in the last 5 years.7
Having an added layer of supplemental accident insurance can help fill the holes that your primary insurance may be missing.
How Much Does an Accident Policy Cost?
Accident insurance costs are low, especially when you factor in the long-term savings. You can opt into an accident policy that provides weekly coverage for less than the cost of a box of bandages!8 You can spend the same amount per week on an accident policy as you do household first aid.
How would you be financially affected if you got into an accident without insurance?
Below are the average costs of common injuries:
Broken Leg: $7,274 2
Thermal Burn: $3,020 9
Fractured Ankle: $2,500 10
Concussion: $800 11
ACL Tear: $14,800 12
Even with major medical insurance coverage, you could still owe thousands of dollars out-of-pocket.Get a Quote
|Avg. Insurance Coverage||60%|
|Remaining Expenses †||$2,910|
|Aflac Supplemental Coverage:|
||Accident||up to $0|
||Hospital||up to $0|
|Aflac pays you:||$0|
Accident Insurance CoverageYou can buy Accident Insurance for individuals and for groups. If your work does not provide it for you, personal accident insurance is always an option. Unlike some other insurance companies, Aflac provides fast, easy, and complimentary plans.
Personal Accident Insurance
Are you debating whether you should get accident insurance? Check to see if your employer offers adequate accident coverage. If you can't get insurance through work, opting into personal accident insurance could be the extra layer of security you need.
There are certain people that would particularly benefit from an accident policy.
If you have children involved in sports, our Organized Sporting Activity Benefit could be the extra protection you’re looking for. It pays benefits for the most common sports injuries, like sprains, tears, fractures, and breaks.
We have accident insurance plans to help meet the needs of you and anyone in your family. Our Family Support Benefit helps protect you and your loved ones.
How to Enroll
Finding the accident insurance company for your unique situation just got easier. To get started, you can leave pre-screening questions and eligibility requirements at the door. We encourage you to compare personal accident insurance with your primary healthcare plan to see where holes may exist.
When choosing an accident insurance company, remember to weigh out the pros and cons. Aflac pays you (unless assigned) direct cash benefits if an accident does occur, helping to offset the expensive costs that come with unforeseen injuries. You get your money fast ensuring that ambulance fees, hospital costs, transportation, lodgings, and recovery care are not a financial burden.Sign Up Now