Supplemental insurance is additional coverage that you can use to help with the out-of-pocket expenses that may not be covered by your major medical insurance. Have you ever had expenses not covered by your major medical plan? That’s where Aflac comes in.
Aflac is voluntary insurance, or an optional layer of financial protection. And with healthcare costs on the rise, more Americans than ever are seeking an extra financial safety net for unexpected medical expenses.Contact Us
Aflac supplemental insurance policies offer a full suite of products for individuals, families, and businesses. Our policies help with everything from routine preventative care to critical illnesses. Here’s a list of the policies we make available:
Find an agent near you to get a complimentary personalized quote and determine all of your coverage needs.
The average cost of a broken leg is$7,1521
After major medical coverage, you could still owe$2,8612
in out-of-pocket medical expenses not covered by your insurance.
Technically, supplemental insurance is optional, as it’s additive to your current coverage. Major medical covers an average of 60% of total medical costs, and supplemental insurance helps cover the remaining 40% of any medical bill2.
Major medical coverage only goes so far, and even with it, you can still be left with tremendous out-of-pocket costs. According to our Benefits Estimator, the average cost of a broken leg is $7,152.1 After major medical, you could still be left with $2,8612 in medical expenses that may not be covered by your work’s health insurance plan. A plan like Aflac Accident Insurance pays you cash (unless assigned otherwise) that can be used to help with the out-of-pocket expenses that may not be covered by major medical in the event of a qualifying accident.
Find out how much an injury could cost you with our Benefit Estimator.View Benefits Estimator
Which insurance policies you apply for is entirely up to your discretion. If you’re considering supplemental insurance, we recommend that you look at multiple plans that make sense for what you, your family and/or your employees need to help secure a stable financial future.
For instance, pneumonia typically requires a hospital visit followed by a few weeks of recovery at home. If you apply for both hospital and short-term disability insurance, you could receive cash benefits associated with both a covered hospital stay or a covered disability. .
Like any other type of insurance, there is no one-size-fits-all solution and the cost of voluntary insurance is determined by a few different factors, including which state you live in and which insurance products you choose.
Our customers are amazed to find out how little they end up paying for coverage. For example, weekly rates of hospital insurance can be as low as a “Get Well Soon” card3 . Visit our Benefits Estimator to see rough costs associated with common medical events.
Not at all! You can offer Aflac Supplemental Insurance to your employees at no direct cost to your business.
As health care continues to rise, supplemental insurance plays a more important role in offering a benefits package. Many employers also believe offering a supplemental insurance option helps attract and retain employees.
See if your business meets the requirements to offer health care to your employees under the Affordable Care Act.
It’s simple! Fill out the necessary forms to the best of your ability. Afterwards, your medical provider may be required to fill in claim information before it is finally submitted via fax or mail. While your claim is being processed, you can log in and check your claim status on our website.
For our accident, cancer, hospital and critical illness products, you can walk through our SmartClaim® process and you could get your cash benefits fast. Other claims which require additional inputs from your doctor or hospital may take longer to process. Your cash is then sent out either as a check to your home address or as a direct deposit to your bank account.
Processing time is based on business days after all required documentation needed to render a decision is received and no further validation and/or research is required.
Aflac Supplemental Insurance pays you (unless assigned otherwise) cash after a covered claim has been successfully submitted and processed. That cash can then be spent however you see fit.
Whether you use it to help fill prescription drugs at the pharmacy or to help pay for gas on the way home from the doctor’s office is entirely up to you.
1 Broken Leg Diagnosis & Treatment, Mayo Clinic, July 1, 2020.
Costs of diagnosis and treatment(s) are based on:
Transport - Ambulance Ride(1): $800.00
ER - ER Visit (1): $1,575.00
Diagnostic - X-Ray (1): $360.00
Treatment - Open reduction surgery (1): $3,192.00
Post-Treatment - Walking cast (1): $704.00
Post-Treatment - Crutches (1 set): $227.50
Wellness Maintenance - Physical Therapy (7 visits): $42.00
Total Cost: $7,152.50
2 The information provided in the Benefits Estimator is illustrative only. Plans may not be available in all states, and benefits may vary by state, coverage, and plan level selected. Policies have limitations and exclusions that may affect benefits payable. The Aflac payout values do not guarantee an amount to be paid for the listed conditions. Benefits paid by Aflac (if any) will depend on the severity of the accident or illness, the physician diagnosis, and the treatment received. The “Aflac Pays You” data is an average of historical payments made to Aflac policyholders/certificateholders who qualified for benefits under their specific plans and does not reflect instances when benefits were not paid for a particular claim. Whether benefits are payable will be determined when a claim is processed. You must be 18 or older to apply for Aflac insurance. Availability varies by product; see your local Aflac agent for details. The out-of-pocket expenses displayed are estimated at 40% of the total medical cost, assuming that average major medical plans cover approximately 60% of the expense. Your major medical coverage may be more or less, and if an individual or family incurs expenses for non-covered benefits, these out-of-pocket expenses may increase potential unexpected costs. You will also need to pay for any limits or exclusions on your benefits which may include the number of refills for certain drugs, visits to certain specialists, or days covered for certain benefits. View Data Sources to see our underlying sources.
3 Assumes the average cost of a greeting card is $3.49**, and the average cost of postage to mail is $0.55***. Comparison is based on the average weekly premium for Nebraska Payroll Premium rates for industry Class A; Aflac Hospital Choice Series B40100 - $500 Confinement Amount - Individual Age 18-49. Premiums may vary by coverage type, account, state of issue, and the election of additional/optional benefits.
**Source: Hallmark.com, 2020.
***Source: U.S. Postal Service, August 2020.