COLUMBUS, Ga., Aug. 17, 2015 /PRNewswire/ -- Aflac, the
leading provider of voluntary insurance at the work site in
the United States, announced today
that it has introduced a new and improved accident product – Aflac
Accident Advantage. The new supplemental accident insurance policy
offers more flexibility for individual policyholders to choose
different levels of coverage as well as several industry-leading
and enhanced benefits to help further protect consumers from high
out-of-pocket costs related to accidents and injuries.
"Aflac is excited to continue leading the accident industry by
introducing some of the new benefits available with our Accident
Advantage policy to better meet the widespread needs of families
across America today," said Keith
Pellerin, vice president of Product Management and
Innovation at Aflac.
According to the Centers for Disease Control, there are more
than 80 million injury-related visits to doctors' offices, hospital
outpatient departments and emergency-treatment facilities in the
U.S. each year.1 The National Safety Council indicates
that the average medical expense for an accidental injury is
$5,500.2 Yet, the reality
is that 52 percent of American workers have less than $1,000 on hand to pay out-of-pocket expenses
associated with unexpected serious illnesses or accidents, and 28
percent have less than $500
available.3 To help cover this gap, supplemental
insurance policies like Aflac's Accident Advantage can provide cash
benefits that can be used to help pay deductibles, copayments and
everyday living expenses, including rent or mortgage, utilities,
child care or credit card debt.
"With so many accidents taking place every year, it's no
surprise that Aflac processed more than one million accident claims
last year," added Pellerin. "We understand how important it is to
design an accident product that gives our policyholders confidence
that an unforeseen accident will not damage their financial
stability."
Aflac Accident Advantage's key features
Never before offered benefits under the new policy include:
- An additional benefit specifically designed to cover injuries
sustained while participating in an organized sporting
activity.
- A new Home Modification Benefit, Waiver of Premium Benefit and
Family Support Benefit.
- A new Prosthesis Repair and Replacement Benefit.
- Speech and occupational therapy are now covered in addition to
physical therapy under the Therapy Benefit.
Upgrades to benefits offered in previous Aflac accident policies
include:
- More flexibility, with four options of coverage for injuries
such as fractures, dislocations, lacerations, concussions, burns,
emergency dental work, eye injuries and surgical procedures.
- No waiting period for the Wellness Benefit, which pays
policyholders for routine medical exams and immunizations. The
Wellness Benefit is now payable every calendar year.
- An enhanced Accident Treatment benefit that includes different
levels of benefits according to whether X-rays are ordered during
an emergency room visit or at another location such as a doctor's
office. Plus, coverage for care has expanded to include physician's
assistants or nurse practitioners.
Ask about it at work
As a new school year, new sports activities and a new open
enrollment season all approach, it's the perfect time for
individuals and parents alike to look at what insurance is offered
by their employers and ensure they have the right coverage in place
to support their family's current quality of life if an accident
were to occur. Now is the time for employees to talk to their
employer or human resources representative about benefits they
would like to learn more about or have available such as Aflac.
One Day Pay℠ available for new policy
In addition to the benefits improvements, policyholders also
have the opportunity to take advantage of Aflac's One Day
Pay℠ promise if they submit an Accident Advantage claim
online via SmartClaim by 3 p.m. ET,
Monday-Friday. Life happens fast, and if an accidental injury
happens, Aflac policyholders can have peace of mind knowing that
Aflac will be there with a payment just as fast.
To learn more about Aflac Accident Insurance, watch the "What is
Aflac Accident Insurance?" video, visit aflac.com/accident or
follow @aflac on Twitter.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For six decades, Aflac insurance policies have given
policyholders the opportunity to focus on recovery, not financial
stress. In the United States,
Aflac is the leading provider of voluntary insurance at the work
site. Through its trailblazing One Day PaySM initiative,
Aflac U.S. can receive, process, approve and disburse payment for
eligible claims in one business day. In Japan, Aflac is a leading provider of medical
and cancer insurance and insures 1 in 4 households. Aflac
individual and group insurance products help provide protection to
more than 50 million people worldwide. For nine consecutive years,
Aflac has been recognized by Ethisphere magazine as one of the
World's Most Ethical Companies. In 2015, Fortune magazine
recognized Aflac as one of the 100 Best Companies to Work For in
America for the 17th consecutive year. Also, in 2015,
Fortune magazine included Aflac on its list of Most Admired
Companies for the 14th time, ranking the company No. 1 in
innovation for the insurance, life and health category. Aflac
Incorporated is a Fortune 500 company listed on the New York Stock
Exchange under the symbol AFL. To find out more about Aflac and One
Day PaySM, visit aflac.com or espanol.aflac.com.
Media contact – Kip Havel,
706.243.5543 or mediarelations@aflac.com
1 Centers for Disease Control and Prevention,
FastStats, accessed July 31, 2015 -
http://www.cdc.gov/nchs/fastats/injury.htm
2 Injury Facts, 2014 Edition, National Safety
Council
3 2015 Aflac WorkForces Report, accessed July 17, 2015 -
http://workforces.aflac.com/detailed-findings.php?section=geographic-findings&sub=&page=national
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SOURCE Aflac