COLUMBUS, Ga., March 28, 2017 /PRNewswire/ -- Recognizing
that not every case is one-size-fits-all, Aflac, the leader in
voluntary insurance sales at the worksite in the United States, today announced the launch
of its new Group Accident plan with innovative benefits, higher
payout amounts and lower premium rates. The new insurance offering
allows brokers to provide clients with a customized plan that fits
most budgets and directly targets the out-of-pocket costs that
impact employees' financial freedom.
Given that 1 out of every 8 people seek medical attention for an
injury each year,1 having accident insurance as part of
an employee's benefits package is more important than ever in
creating peace of mind for individuals and their families.
"Creating this new Group Accident plan demonstrates Aflac's
commitment to meeting the needs of brokers and their clients by
providing more choice, tailored coverage options and Day One value
with bundled services," said Stephanie
Shields, vice president of Product Innovation and Marketing
at Aflac. "Since accidents are impossible to predict, clients can
rest assured that adding this new plan to their benefits package
will help prepare their employees for the unexpected at a price
that fits most budgets."
Innovative benefits
Responding to the ever-evolving
market demands, Aflac is pleased to include in this latest offering
innovative benefits that extend beyond fractures and dislocations.
These benefits include an organized athletic activity rider, which
covers accidents that result from participating in team sports, as
well as pain management, chiropractic treatment and alternative
therapies needed as a result of a covered accident.
Day one value
By offering Aflac's new Group Accident
plan, brokers can provide clients with a robust benefits package
bundled with services that deliver Day One value at little or no
cost. For example, Aflac's health advocate program helps customers
navigate the complex health care landscape by offering support for
a variety of issues, including finding doctors, understanding a
diagnosis, negotiating medical bills and helping reduce
out-of-pocket costs.
Modular plan design equals increased
customization
With four flexible benefit categories, the
updated Group Accident plan allows clients to fully tailor their
coverage by choosing which categories to offer their employees and
at what benefit level (high, mid or low). With more specialty
benefits offerings, this mix-and-match plan gives clients more
control over benefits spending without sacrificing employee
coverage. The four modules include:
- Initial Accident Treatment: Offering the most
traditional benefits associated with an accident plan, this
category provides coverage for treatment needed after an accidental
injury, such as a concussion, fracture or burn. Prescription, pain
management and telemedicine coverage are unique to this
module.
- Hospitalization: While some accidents may lead to a
quick trip to the emergency room, others can result in a hospital
stay. By covering hospital admission, hospital confinement and
intensive care, the Hospitalization category provides protection if
a more serious accidental injury occurs.
- After Care: The cost of medical care can continue after
initial treatment, creating a financial burden. This category
provides coverage for expenses incurred during recovery, such as
follow-up transportation and alternative therapies.
- Life-Changing Events: Unfortunately, some accidental
injuries, like paralysis, dismemberment and joint replacement, can
significantly change day-to-day life. With benefits like prosthesis
repair and replacement as well as residence and vehicle
modification, this category provides coverage to help with
out-of-pocket medical costs associated with acclimation to a
life-altering injury.
Additional benefit options
All four categories in the
expanded Group Accident plan can be paired with optional riders
that further enhance coverage to ensure clients and employees are
able to craft a unique benefits package to suit their needs.
For more information, visit aflacgroupinsurance.com.
1Injury Facts, 2015 Edition, National Safety
Council
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 worksite. 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 the
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 11
consecutive years, Aflac has been recognized by Ethisphere as one
of the World's Most Ethical Companies. In 2017, Fortune magazine
recognized Aflac as one of the 100 Best Companies to Work For in
America for the 19th consecutive year and included Aflac on its
list of Most Admired Companies for the 16th time. In 2015, Aflac's
contact centers were recognized by J.D. Power by providing "An
Outstanding Customer Service Experience" for the Live Phone
Channel. 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 – Kristen
Fraser, 706.243.5543 or mediarelations@aflac.com
Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667,
FAX 706.324.6330, or rwilkey@aflac.com
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SOURCE Aflac