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Even after paying the ever-rising premiums, many Americans find themselves struggling to pay expenses their health insurance doesn’t cover in the event of a critical illness. That’s not surprising, given the increasing costs of treatment, care, copayments and deductibles.
Annual family premiums climbed 7% on average in 2023.1
of covered workers have a high
deductible plan.2
Even with health insurance that provides 80% coverage, the remaining 20% for a major surgery can exceed $100,000.3
people with cancer worry about how they will pay for the treatment and keep up with their day-today costs.4
A year’s worth of out-of-pocket expenses for a heart condition often exceeds $2,000.5
Medical bills are reported to be the number-one cause
of bankruptcies in America.6
Cancer 1.9 million new patients a year.7
Stroke 795,000 cases a year.8
Major organ transplant Over 46,000 a year.9
Kidney failure Every 24 hours, 360 people begin dialysis treatment for kidney failure.10
Meeting the minimum family deductible of a high deductible health plan, with up to $1,800 left over.11
A treadmill to help with rehabilitation.12
Uber or Lyft rides to health care appointments.13
Home visits with a registered dietitian.14
Ask your Aflac representative for more information about critical illness options for your employees.
Companies choose to make Aflac policies available to increase benefits options without impacting their bottom line.
1 “Benchmark Survey: Annual Family Premiums for Employer Coverage Rise 7% to Nearly $24,000 in 2023; Workers Contribute $6,575 on Average Now, But Potentially More Soon.” Published 10.18.2023. Accessed 01.18.24.
2 Kaiser Family Foundation. “2022 Employer Health Benefits Survey.” Published 10.27.22. Accessed 1.26.24.
3 Debt.org. “Hospital and surgery costs.” Updated 11.20.23. Accessed 1.26.24.
4 American Cancer Society. “Financial Hardship.” Last revised 09.30.2023. Accessed 01.26.24.
5 GoodRx Health. “How to Manage the Continuing Costs of Heart Disease.” Published 08.04.22. Accessed 01.26.24.
6 The Balance. “Medical Bankruptcy and the Economy.” Published 01.20.22. EST. Accessed 1.26.24.
7 National Cancer Institute. “Cancer Stat Facts: Cancer of Any Site.” Published 2022. Accessed 1.26.24.
8 CDC. Stroke Facts. Last Reviewed 05.04.2023 Accessed 1.26.2024.
9 UNOS. “Data and Trends.” Last Updated 01.18.24. Accessed 1.26.24.
10 Center for Disease Control and Prevention. “Chronic Kidney Disease Basics” Published 02.28.22. Accessed 01.26.24.
11 SHRM. “IRS Gives Big Boost to HSA, HDHP Limits in 2024” Published 05.17.2023. Accessed 01.26.24.
12 Best Buy. “NordicTrack Commercial X32i Black NTL39221.” Accessed 1.26.24."
13 Based on 2022 average: $21 per ride. NerdWallet. “Does Medicare Cover Transportation Services?” Updated 07.14.2022. Accessed 01.26.24.
14 Based on $150 per session fee. Fees vary widely; this figure is on the higher end. CostHelper Health. “Nutritionist Cost.” Accessed 1.26.24.
This is a brief product overview only. The plan has limitations and exclusions that affect benefits payable. Refer to the plan for complete details. Continental American Insurance Company (CAIC), a proud member of the Aflac family of insurers, is a wholly owned subsidiary of Aflac Incorporated and underwrites group coverage. CAIC is not licensed to solicit business in New York, Guam, Puerto Rico or the Virgin Islands. For groups sitused in California, group coverage is underwritten by Continental American Life Insurance Company. For groups sitused in New York, coverage is underwritten by Aflac of New York. Continental American Insurance Company | Columbia, SC | Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211
AGC2200127R2
EXP 2/25
