We care about Aflac’s policyholders affected by the recent weather:
To help provide relief for California policyholders residing in Santa Cruz County who were affected by the coastal storms, Aflac will provide a premium grace period starting Dec. 23, 2024, and ending Apr. 15, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
For Network Dental and Vision Members:
This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.
We care about Aflac’s policyholders affected by the recent wildfires:
To help provide relief for California policyholders residing in Los Angeles and Ventura Counties affected by the wildfires, Aflac will provide a premium grace period starting Jan. 7, 2025, and ending Mar. 10, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
For Network Dental and Vision Members:
This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; and leniency for any other action required under the certificate. Affected members are not required to obtain prior approval when accessing appropriate out-of-network providers when in-network providers are unavailable. The cost-sharing for out-of-network will be in amount equal to cost-sharing affected members would have paid for the provision of that service in-network. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.
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A critical illness can be categorized as a type of health illness or health event that typically alters how you live. These health events may require surgeries, medications and therapies that can be costly. That's where critical illness insurance comes in—to help with the resulting medical expenses. These insurance plans are designed to help you financially following a life-threatening illness.1
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Because these types of health events often incur higher-than-average medical costs, it’s not uncommon for there to be expenses that are not covered by primary health insurance. A critical illness insurance plan often pay policyholders a lump-sum cash payment, unless otherwise assigned, to help after their primary health insurance has been used.1
Many policyholders find themselves navigating what the tax implications are for different kinds of insurance plans. It can be helpful to figure out upfront if the payout is taxable or if there are any tax-deductible benefits available. Before we explore how taxes are involved, here’s a brief overview of how our critical illness insurance works. Then, we’ll dive deeper into whether critical illness insurance is taxable or a tax-deductible benefit.
Every critical illness insurance plan works differently, but Aflac offers lump-sum cash benefits for covered events. Affordable monthly premiums are available to help you keep your policy active so you can be better prepared for the medical expenses that can accompany a critical illness.
Our critical illness insurance offers benefits for specific life-changing events, like heart attacks and strokes. Often, these circumstances require a recovery period that may be expensive.
The cash benefits offered through Aflac Critical Illness Insurance can help grant you the flexibility to use funds however you need them most. This means you can use the critical illness insurance cash benefits to help with surgery costs, medications or everyday expenses like rent or groceries. Our plans are accessible through your employer and individually. In both cases, we help make the application process easier for you.
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedIt depends on your unique situation and where you live. In general, you receive the critical illness insurance payout tax-free if you pay the premiums with after-tax dollars.2
We recommend consulting with a tax professional for the most accurate information regarding tax-deductible benefits for critical illness insurance.
Critical Illness Insurance might be worth considering if you have a family history of heart attacks or strokes. It can also be helpful if you want to be better prepared for an unforeseen life-changing event.
It’s also not uncommon for policyholders to have more than one kind of supplemental insurance plan. We offer various supplemental insurance plans designed to help you cope financially and emotionally following a cancer diagnosis or plans that can help assist with covered hospital stays too.
Critical illness insurance is here for you when you need financial assistance if you face a major health event. Get a quote today to see how our affordable critical illness insurance plans can help you today.
Get Started
Hospital indemnity insurance can help pay for costs your current plan doesn't cover. Learn what hospital indemnity insurance is and whether it's right for you.
All your life insurance tax questions answered! Discover when you must pay taxes on life insurance, which expenses are tax deductible, and how to lower your tax liability with Aflac.
Hospital indemnity insurance can help pay for costs your current plan doesn't cover. Learn what hospital indemnity insurance is and whether it's right for you.
All your life insurance tax questions answered! Discover when you must pay taxes on life insurance, which expenses are tax deductible, and how to lower your tax liability with Aflac.
1 Investopedia - Critical Illness Insurance/ What Is It? Who Needs It. Updated September 20, 2024. Accessed February 7, 2025. https://www.investopedia.com/articles/personal-finance/010416/critical-illness-insurance-who-needs-it.asp.
2 Brian So Insurance - Is Critical Illness Insurance Taxable? Accessed February 7, 2025. https://briansoinsurance.com/is-critical-illness-insurance-taxable/.
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.
Critical Illness/Specified Health Event, A74000 series: In Delaware, Policies A74100DE, A74200DE, A74300DE. In Idaho, Policies A74100ID, A74200ID, A74300ID. In Oklahoma, Policies A74100OK, A74200OK, A74300OK. In Virginia, Policies A74100VA, A74200VA, A74300VA. A73000 series: In Delaware, Policies A73100DE & A7310HDE. In Idaho, Policies A73100ID & A7310HID. In Oklahoma, Policies A73100OK & A7310HOK. In Virginia, Policy A73100VA & A7310HVA. B71000 series: In Delaware, Policies B71100, B71200, B7130H & B7140H. In Oklahoma, Policies B71100OK, B71200OK, B7130HOK & B7140HOK.
Tier One Critical Illness coverage is 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 (NAIC 92908).
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, VA or VT. 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 | 1932 Wynnton Road | Columbus, GA 31999
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