When a surprise injury occurs, the cost of treatment and recovery can be shocking and often not factored into one’s budget. Aflac offers a variety of supplemental insurance plans, including accident insurance, to support the various costs that can accompany different health experiences. This article will outline what accident insurance is and how it can benefit you.
The definition of accident insurance is a supplemental insurance plan that helps cover the costs that arise after an accidental injury. Accident insurance is meant to be purchased in addition to your primary policy. It helps pay the bills that your major medical insurance doesn’t completely cover.
Like most kinds of insurance, you’ll need to pay regularly scheduled premiums to access accident insurance benefits. You can purchase personal accident insurance on your own, or your employer may offer it through group accident insurance.
Don’t wait until it’s too late. Help cover yourself and your family with affordable coverage from Aflac.
When a surprise injury happens, you may be able to rely on your major medical insurance plan for some support. However, you may still be expected to pay major fees out-of-pocket. Depending on your primary health insurance plan, there may be more or fewer out-of-pocket costs. Having accident insurance means you aren’t expected to pick up the remaining costs on your own. Supplemental accident insurance works with your existing plan to minimize out-of-pocket expenses.1
Accident insurance costs depend on the company you choose to work with. However, Aflac’s supplemental accident insurance is known for its affordable coverage. Aflac’s plans are generally designed to fit into most budgets easily. Yet, it may be beneficial to chat with an agent about your financial needs before making a decision.
With various supplemental insurance plans available, it can be challenging to decide which options are the most helpful for your specific needs. Let’s review how accident insurance compares to a few other supplemental plans and how they might impact you:
Now that you better understand what accident insurance means, you may decide it can significantly benefit you. You also may have found that one of the options above is better for your unique circumstances. If accident insurance is right for you, Aflac is here to help. Chat with an agent today to learn more about your coverage options.
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1 Investopedia - Accident and Health Benefits Definition. Updated January 28, 2022. https://www.investopedia.com/terms/a/accidentandhealthbenefits.asp#. Accessed February 6, 2023.
2 Investopedia - Critical Illness Insurance/ What Is It? Who Needs It? Updated March 13, 2022. https://www.investopedia.com/articles/personal-finance/010416/critical-illness-insurance-who-needs-it.asp. Accessed Feb 6, 2023.
3 Investopedia - Best Short-Term Disability Insurance Companies of 2023. Updated September 29, 2022. https://www.investopedia.com/best-short-term-disability-insurance-5072040. Accessed Feb 6, 2023.
4 Forbes - What Is Hospital Indemnity Insurance. Updated September 29, 2022. https://www.forbes.com/advisor/health-insurance/hospital-indemnity-insurance/. Accessed Feb 6, 2023.
Coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
In Arkansas, Policies A36100AR–A36400AR, & A363OFAR. Policy A37000AR. In Delaware, Policies A36100DE—A36400DE, & A363OFDE. Policy A371AA & A371BA. In Idaho, Policies A36100ID–A36400ID, & A363OFID. Policy A37000ID. In New York, Policies NY36100- NY36400. Policy NY37000.
In Oklahoma, Policies A36100OK– A36400OK, & A363OFOK. Policy A37000OK. In Oregon, Policies A36100OR–A36400OR, & A363OFOR. Policy A37000OR. In Pennsylvania, Policies A36100PA-A36400PA. Policy A37000PA. In Texas, Policies A36100TX–A36400TX, & A363OFTX. Policy A37000TX. In Virginia, Policies A36100VA – A36400VA, & A363OFVA. Policies A371AAVA & A371BAVA.
Coverage underwritten by Tier One Insurance Company: In Delaware, Policy T37000. In Idaho, Policies T37100ID, T37200ID, & T37300ID. In Oklahoma, Policy T37000OK. Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).
This is a brief product overview only. Coverage may not be available in all states including but not limited to ID, NJ, NM, NY, or VA. Benefits/premium rates may vary based on plan selected. Optional riders are available at an additional cost. The policy has limitations and exclusions that may affect benefits payable. Refer to the policy for complete details, limitations, and exclusions. For costs and complete details of the coverage, please contact your local Aflac agent.
Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road | Columbus, GA 31999