Aflac's New Accident Advantage Coverage Helps Consumers With Expenses Health Insurance Doesn't Cover, Extends Availability Outside Conventional Worksite

PRNewswire 4-Mar-2019 8:00 AM

COLUMBUS, Ga., March 4, 2019 /PRNewswire/ -- Aflac, the leader in supplemental insurance sales at U.S. worksites, announced today the launch of its new Accident Advantage coverage to help with expenses health insurance doesn't cover.

The latest policy included in its direct-to-consumer portfolio, Aflac's Accident Advantage coverage is opening the supplemental insurance market to millions of Americans who may not fit the conventional eight-hour-workday mold. Aflac is committed to making its products quickly and easily accessible, no matter how or where people work – especially as more hardworking Americans build careers as freelancers, contract employees, self-employed solopreneurs and small start-up employees.

"We're seeing an increased demand for accident coverage from workers not part of the traditional workplace environment who are also impacted by the rising cost of health care, general reductions in employer-provided benefits and changes resulting from health care legislation," said Wendy Herndon, second vice president of Product Solutions at Aflac. "Because accidents can happen to anyone, anywhere, anytime, Aflac evolved its accident policy to extend its availability outside of the conventional worksite to meet workers when, where and how they prefer to buy coverage."

Accidental injuries can be expensive, and many Americans often do not have the financial resources to pay, even with health coverage in place. In fact, according to the 2018 Aflac WorkForces Report survey, 58 percent of workers would not be able to cover an unexpected out-of-pocket health bill of more than $1,000. Aflac Accident Advantage can help provide much-needed protection and give policyholders cash to help with expenses health insurance doesn't cover.

Aflac isn't health insurance, which pays benefits to doctors and hospitals. Instead, Aflac pays cash directly to policyholders, unless they choose otherwise. They can use the cash any way they see fit, including paying leftover health expenses such as copayments and deductibles. And because of its innovative One Day Pay^SM, Aflac puts money in policyholders' pockets quickly – often in just a day.

Aflac's new accident plan provides benefits for emergency room visits, hospitalization, diagnostic exams, X-rays, physical therapy, follow-up visits and more. Additionally, the plan's health screening benefit encourages wellness as well as early detection and prevention by paying policyholders when they receive routine health exams.

The newest accident advantage product is available for purchase in the following states and territories: Alabama, Arkansas, Arizona, Florida, Georgia, Guam, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, Montana, Nebraska, North Carolina, Oklahoma, South Dakota, Tennessee, Wisconsin and Wyoming. More states are expected to be available later this year.

Get to know Aflac and its Accident Advantage coverage at Aflac.com.

About Aflac Incorporated
Aflac Incorporated (NYSE:AFL) is a Fortune 500 company helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer, by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. Through its trailblazing One Day Pay^SM initiative in the United States, for eligible claims, Aflac can process, approve and electronically send funds to claimants for quick access to cash in just one business day. For 13 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2018, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for the 20th consecutive year, and in 2019, Fortune included Aflac on its list of World's Most Admired Companies for the 18th time. To find out more about One Day Pay^SM and learn how to get help with expenses health insurance doesn't cover, get to know us at aflac.com.

Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. WWHQ | 1932 Wynnton Road | Columbus, GA 31999.

Media contact – Kristen Fraser, 706.580.3813 or mediarelations@aflac.com

Analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667, FAX 706.324.6330, or dyoung@aflac.com 

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SOURCE Aflac