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When an injury occurs, the cost of treatment and recovery can be shocking and often not factored into one’s budget. Accident insurance is a type of supplemental insurance policy that offers a cash payout to help you cover expenses as you recover. Aflac may offer 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.
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 health insurance plan. 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 in order to submit for 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 an 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 high out-of-pocket fees. Depending on your primary health insurance plan, there may be more or fewer out-of-pocket costs. Supplemental accident insurance complements existing health insurance coverage to minimize out-of-pocket expenses.1
Accident insurance costs depend on the company you choose to work with. Aflac's supplemental accident insurance plans offer affordable coverage that are designed to fit most budgets. Yet, it may be beneficial to chat with an agent about your financial needs before making a decision on accident insurance.
With various supplemental insurance plans available, like accident insurance, 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:
Accident insurance can help you cover expenses when you suffer an unexpected injury. Now that you better understand what accident insurance is, 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.
1 eHealth - Accident insurance: Protecting you when the unexpected happens. Updated July 10, 2024. https://www.ehealthinsurance.com/resources/affordable-care-act/accident-insurance. Accessed September 12, 2024.
2 HealthInsurance.org - Critical illness insurance – protection from out-of-pocket costs. https://www.healthinsurance.org/supplemental-insurance/critical-illness-insurance/. Accessed September 12, 2024.
3 Investopedia - Best Short-Term Disability Insurance Companies for September 2024. Updated September 8, 2024. https://www.investopedia.com/best-short-term-disability-insurance-5072040. Accessed September 12, 2024.
4 Forbes - What Is Hospital Indemnity Insurance. Updated March 10, 2023. https://www.forbes.com/advisor/health-insurance/hospital-indemnity-insurance/. Accessed September 12, 2024.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, Aflac coverage is underwritten by American Family Life Assurance Company of New York.
Accident, A36000 series: In Delaware, Policies A36100DE—A36400DE, & A363OFDE. In Idaho, Policies A36100ID–A36400ID, & A363OFID. In Oklahoma, Policies A36100OK– A36400OK, & A363OFOK. In Virginia, Policies A36100VA – A36400VA, & A363OFVA. A37000 series: In Delaware, Policy A371AA & A371BA. In Idaho, Policy A37000ID. In Oklahoma, Policy A37000OK. In Virginia, Policies A371AAVA & A371BAVA.
Critical Illness: In Delaware, Policies A74100DE, A74200DE, A74300DE. Policies B71100, B71200, B7130H & B7140H. Policies A71100DE & A71200DE. In Idaho, Policies A74100ID, A74200ID, A74300ID. In Oklahoma, Policies A74100OK, A74200OK, A74300OK. Policies A73100OK & A7310HOK. Policies B71100OK & B7110HOK. Policies A71100OK & A71200OK. In Virginia, Policies A74100VA, A74200VA, A74300VA. Policy A73100VA. Policies A71100VA & A71200VA.
Short-Term Disability, A57600 series: In Arkansas, Policies A57600AR & A57600LBAR. In Delaware, Policies A57600DE & A57600LB. In Idaho, Policy A57600IDR. In New York, Policy NY57600. In Oklahoma, Policies A57600OK &A57600LBOK. In Oregon, Policies A57600OR & A57600LBOR. In Pennsylvania, Policies A57600PAR &A57600LBPA. In Texas, Policies A57600TX &A57600LBTX. In Virginia, Policies A57600VA &A57600LBVA.
Hospital, B40000 series: In Delaware, Policies B40100DE & B4010HDE. In Idaho, Policies B40100ID & B4010HID. In Oklahoma, Policies B40100OK & B4010HOK. In Pennsylvania, Policies B40100PA & B4010HPA. In Virginia, Policies B40100VA & B4010HVA.
Coverage underwritten by Tier One Insurance Company. 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).
Accident, T37000 series: In Delaware, Policy T37000. In Idaho, Policies T37100ID, T37200ID, & T37300ID. In Oklahoma, Policy T37000OK. In Virginia, Policies T37100VA, T37200VA, T37300VA, T37400VA & T37600VA.
Critical Illness: In Delaware, Policy T71000. In Oklahoma, Policy T71000OK. In Virginia, Policy T71100VA.
Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY or VA. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations, and exclusions.
Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road | Columbus, GA 31999
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