Aflac Gap Insurance
Aflac gap insurance provides valuable protection to customers who are unable to work because of illness or injury. The disability insurance benefits are paid whether the policyholder has other insurance in place or not. Since the individual owns the policy, it remains in place even if he or she changes jobs or retires.
What Aflac Gap Insurance Can Be Used For
Unlike benefits payable under a major medical insurance plan which go to the hospital or healthcare provider, Aflac pays out a daily benefit directly to the policyholder. The money can be used for any purpose the policyholder chooses, including the following:
- Car payments
- Childcare
- Clothing
- Food
- Fuel
- Mortgage or rent
- Parking
- Transportation to medical appointments
- Utilities
Types of Coverage Available
Several coverage options of Aflac gap insurance coverage are available to consumers.
Accident Coverage
Accident insurance from Aflac pays a benefit that can be used to pay for expenses other medical insurance plans may not cover. A policyholder experiencing one of the following types of injuries may be entitled to benefits:
- Ambulance service (ground and air)
- Broken teeth
- Concussion
- Emergency room visit
- Lacerations
- Treatment in an Intensive Care Unit (ICU)
Cancer or Specified Illness Coverage
A cancer or specified illness policy pays out when the policyholder has been diagnosed with one of the disorders specified in the policy language. The funds can be used to help defray these costs:
- Child care expenses
- Everyday living expenses
- Experimental treatments
- Housekeeping help
- Major medical insurance plan deductible
- Travel and accommodation when seeing doctors located far from home
- Treatment from out-of-network physicians
Hospital Confinement Coverage
Aflac offers a Hospital Confinement Indemnity Plan that pays a benefit when the policyholder is required to stay in a hospital. The company offers options for basic hospitalization only, as well as options that pay out when the policyholder needs to have outpatient surgery or diagnostic tests. The hospital confinement coverage doesn't have a deductible, and the policyholder can seek treatment at any hospital of his or her choice.
The company's Hospital Confinement Sick Indemnity Plan pays out when the policyholder is confined to a hospital. The policy provisions also include a feature where benefits may be paid when the policyholder has fallen ill, had an accident or needs routine medical care. The plan kicks in when the policyholder is hospitalized, needs surgery or must undergo diagnostic tests.
Hospital Intensive Care Insurance
Aflac's Hospital Intensive Care Insurance plan pays out a cash benefit to policyholders who have been in an accident or become ill. The benefits are paid directly to the policyholder or to the individual he or she has designated to receive them. This plan is designed to provide an added level of protection, even if the policyholder also has other medical insurance benefits available.
The plan pays a set cash benefit for the first seven days the policyholder is receiving treatment in the ICU and the level of benefits increases for the following eight days. The benefit levels increase over time, and the policyholder is not required to pay a deductible.
Lump Sum Cancer or Specific Illness Insurance
Aflac gap insurance also includes policy choices that pay out a lump sum benefit when the policyholder is diagnosed with cancer or a specified illness. The benefit can be used for any purpose that makes sense to the policyholder, from paying for treatment not covered by other health insurance plans to keeping up with everyday expenses. The lump sum benefit paid may allow the policyholder to keep his or her savings intact while undergoing treatment.
The insurance plans offered by Aflac provide a way for policyholders to keep up with their financial obligations when dealing with illness or injuries because they can focus instead on getting well.
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