HomeEditor PicksDoes Aflac Cancer Policy Pay For Skin Cancer

Does Aflac Cancer Policy Pay For Skin Cancer

Do I Need Critical Illness Insurance

Aflac Cancer Policy

Insurance is both a hedge against future risk and a way to invest in your peace of mind, but it is always a gamble.

You may pay for years without ever needing to file a claim or cash in on a payout. You may pay for a plan that provides a benefit that is much smaller or much larger than you end up needing. Or you may pay for a plan and end up needing it within just a few years, which would make it very worth the purchase price indeed.

What Does Aflac Pay You For

Accident Emergency Treatment Benefit Aflac will pay $120 for the insured and the spouse, and $70 for children if a covered person receives treatment for injuries sustained in a covered accident. If the covered person is admitted directly to an intensive care unit, Aflac will pay $2,000.

You may ask, How much does Aflac pay for broken bone?

ACCIDENT SPECIFIC-SUM INJURIES BENEFITS: When a Covered Person receives treatment under the care of a Physician for Injuries sustained in a covered accident, Aflac will pay specified benefits ranging from $35 $12,500 for dislocations, burns, skin grafts, eye injuries, lacerations, fractures, concussion, emergency

Answers From The Community

  • GregP_WN

    Cancer policies are fairly easy to read, I used to sell insurance and they are one of the simplest. Open the policy and each benefit will be highlighted usually in bold and a simple description will be listed. Most cancer policies do have limits on each type of benefit. A certain dollar amount paid for transportation up to a total of XXXX dollars paid out for that benefit.

    But it is determined by each policy type by each Company. Get someone to look at it to help you find the exact amounts is the best thing. I had a cancer policy before my dx and it really helped with expenses.

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Aflac Supplemental Cancer Insurance

According to the American Cancer Society, 1 in 2 males and 1 in 3 females will develop invasive cancer during their lifetime. Bear in mind that these are averages for the overall U.S. population. An individualâs propensity may be higher or lower than these numbers, depending on their particular risk factors, such as smoking and drinking habits, diet, exercise level, family history, etc.

As you may already know or can imagine, the cost to treat cancer is exorbitant, and climbing. According to Aflac, the average cost of lung cancer is $156,938. This would include expenses for a biopsy and other tests, diagnosis, doctorâs and surgeonâs costs, treatment, and many other related expenses.

How could Aflac cancer insurance help? Letâs look at an example for someone who was diagnosed and treated for lung cancer and had a group health plan with a $1,500 deductible and 80/20 coverage:

  • Medical expenses for lung cancer: $156,938
  • Health insurance plan deductible: $1,500
  • Insurance Coverage: 80%
  • Remaining Expenses: $31,088

In this case, Aflac supplemental cancer insurance would reduce the remaining expenses by almost 50% after paying a benefit of $14,436.

The amount Aflac will pay you depends on the type of cancer diagnosed, the type of treatment received, and the duration of that treatment.

Is Skin Cancer Covered By Aflac

SKin CanCeR SuRGeRY Benefit: When a surgical operation is performed on a Covered Person for a diagnosed skin Cancer, including melanoma or Nonmelanoma Skin Cancer, Aflac will pay the indemnity listed below when a charge is incurred for the specific procedure. The maximum daily benefit will not exceed $400.

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What Does My Aflac Cancer Policy Cover

4.5/5ThecancercancerThe Aflac Cancercancerabout it here

Cancer insurance policies are a new type of health insurance coverage that acts as a supplemental safety net to help you cover the cost of hospital stays, chemotherapy and other types of cancer treatment.

Subsequently, question is, how much does Aflac cancer policy cost? Proponents say alongside a major medical plan, cancer insurance helps offset costs and keep cancer patients and their families on their feet. It’s offered by companies like Aflac and Allstate, with monthly premiums typically costing between about $20 and $40.

In this manner, what does my Aflac cover?

A plan like Aflac Accident Insurance pays you cash that can be used to help with the out-of-pocket expenses that may not be covered by major medical in the event of a qualifying accident. Find out how much an injury could cost you with our Benefit Estimator.

What does the Aflac Cancer policy cover?

The plan pays a cash benefit upon initial diagnosis of a covered cancer, with a variety of other benefits payable throughout cancer treatment. The Aflac Cancer Care plan is here to help you and your family better cope financiallyand emotionallyif a positive diagnosis of cancer ever occurs.

Best For Customizable Coverage: Physicians Mutual

Physicians Mutual

Why we chose it: Physicians Mutual offers two benefit options and several riders that expand the policy to cover many critical illnesses or enhanced benefits.

  • Choose from two supplemental cancer insurance policies with different pay structures

  • Additional riders available to expand critical illness coverage

  • Quotes not available online

  • Riders available only to those younger than age 65

Physicians Mutual offers a cancer insurance policy that pays for a number of cancer-related costs. They offer two policy types that pay varying degrees for cancer costs, such as inpatient stays, surgery, treatments, and transportation. You can select from these two policies for the base benefits that most fit your budget and goals.

If you desire, you can also further customize the policy by adding benefit riders of varying amounts. For example, Physicians Mutual has a First Diagnosis benefit rider, which offers a one-time payment of between $2,500 to $10,000 based upon your selection for the first diagnosis of internal cancer, according to the provider summary sheet. Because cancer costs are usually greatest in the first months after diagnosis, this rider may help when you need it most, according to the Cancer Action Network. These riders are available only to those under age 65.

Physicians Mutual does not offer online quotes so you will need to contact an insurance agent to obtain premium information.

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Best Budget: Mutual Of Omaha

Mutual of Omaha

Why we chose it: Online quote tool lets you estimate policy costs and monthly premiums were some of the lowest we reviewed.

  • Many monthly premiums were less than $10 for individuals

  • Offers yearly amount for screening tests or vaccines

  • Some aspects of coverage are difficult to understand

  • Not available in all states

Mutual of Omaha offers supplemental cancer insurance with online quotes and the ability to apply for the policy online. For a 40-year old woman, we were quoted a price of $9.97 per month. Both individual and family policies are available through the company. You can also choose to add protections against heart attack and stroke.

Besides its price, there are several unique aspects to the Mutual of Omaha policy we liked. You can apply even if you have had cancer in the past if you have been cancer-free for five years or havent had skin cancer in three years. The company also limits rate changes so if everyone with the policy experiences a rate increase, you wont experience an individual rate increase. In addition to helping offset costs if a doctor diagnosed you with cancer, the policy also provides $60 on a yearly basis for preventive screening, tests, or vaccines. Examples include a Pap smear, HPV vaccine, or mammogram. In this way, the policy pays you even if youre never diagnosed with cancer.

Aflac Cancer Protection Assurance

Individual Cancer Insurance

Policy Series B70000

In 2018, an estimated 1,735,350 new cases of cancer will be diagnosed in the United States.1

Youd expect your insurance company to cover your medical expenses in the event of a cancer diagnosis. Yet most major medical plans are designed to cover 70% 80% of the costs, potentially leaving you with $24,000 $36,000 in out of pocket expenses.2

Thats where Aflac supplemental insurance comes in. We pay cash benefits directly to you , so you can use anyway you see fit. We want you to be able to focus on your recovery, not your finances.

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Aflac Cancer Insurance Review

What do you think about supplemental insurance?

Chances are youâre on one side of the fence or the other. There are those that feel any supplemental insurance is a duplicate of group or individual health insurance plan benefits and recommend that you not buy it. On the other hand, others feel more secure having supplemental coverage, they like the additional coverage, and they highly recommend it. Whoâs right?

Actually, they both are. If you have a comprehensive health insurance plan through your employer, an individual health insurance policy you purchased, or are on Medicare, you may not need supplemental coverage. Unless â you want to eliminate some or all of your out-of-pocket costs or just enjoy the peace of mind knowing youâre covered for the maximum amount possible.

If you arenât on a group plan through an employer and have no individual health insurance, or you have an individual policy with many gaps or a schedule of benefit payments that leaves much to be desired, supplemental coverage makes good sense.

In this article, weâll look briefly at the different types of supplemental insurance being sold by agents and brokers today, and weâll then zero in on a very well-known company that sells supplemental insurance: Aflac. Weâll look specifically at one of their best-sellers: Aflac cancer insurance, and finish up with some FAQs.

Does Aflac Pay For Emergency Room Visits

Aflac will pay $100 when a covered person receives treatment for a covered sickness or accidental injury in a hospital emergency room, including triage, and a charge is incurred. The Hospital Emergency Room Benefit and the Hospital Short-Stay Benefit are not payable on the same day. No lifetime maximum.

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What Is Covered Under Personal Accident Insurance

A Personal accidental insurance policy covers both minor and major accidents. Besides covering fatality, it covers total or partial disability. Also, it covers temporary disabilities, due to which you might be restricted from earning for a while. A basic coverage usually includes death and permanent total disability.

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Is Cancer Insurance Worth It

Cancer insurance is probably worth it if:

  • You donât have a traditional health insurance plan
  • Your health insurance plan coverage is limited
  • You have a high-deductible health plan
  • You have a family history of cancer

The best way to make a final decision about buying cancer insurance is to talk with an insurance agent or broker that represents multiple insurers that offer cancer insurance plans. Some agents exclusively sell Aflac supplemental insurance plans, but they wonât be able to provide you with comparable and competitive plans and pricing.

Learn More:Is Cancer Insurance Actually Worth It For You?

Having grown up in upstate New York, Bob Phillips spent over 15 years in the financial services world and has been making freelance writing contributions to blogs and websites since 2007. He resides in North Texas with his wife and Doberman puppy.

The information and content provided herein is for educational purposes only, and should not be considered legal, tax, investment, or financial advice, recommendation, or endorsement. Breeze does not guarantee the accuracy, completeness, reliability or usefulness of any testimonials, opinions, advice, product or service offers, or other information provided here by third parties. Individuals are encouraged to seek advice from their own tax or legal counsel.

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Best For Ease Of Qualifications: Breeze

Breeze

Why we chose it: Apply online and receive a decision in minutes with this company that is upfront about their needed qualifications.

  • Can apply online and receive a response in minutes

  • Lump-sum cash benefit for cancer, heart attack, stroke, or organ transplant

  • Not available in New York state

  • Coverage is for critical illness, which slightly raises the price

Breeze provides critical illness insurance for illnesses that include cancer. Their online application provides a quote and instant decision within minutes. To obtain a quote, you must provide a few details, including birthdate, zip code, and whether you are a smoker. You will then receive a quote where you can adjust the amount of desired coverage, ranging from $5,000 to $75,000. Once you do this, you can move forward with the application. Youll then answer several health history questions, such as if youve had a heart attack, stroke, or been diagnosed with cancer within the past five years.

We were quoted a price of $20.70 per month for a 40-year old woman to receive $25,000 in benefits. To receive $50,000 in benefits, the monthly cost would be $39.22. While the price is more than some cancer insurance policies alone, the policy does cover multiple medical conditions.

Breeze does not offer supplemental critical illness insurance in New York state.

Plans Come In Many Sizes

A smaller or more narrow plan will be cheaper, but the payout may not be enough to cover all of the costs that come up if you become ill and can no longer work. A plan with greater coverage will cost more in the short-term, but it will also cover a wider range of illnesses, and provide a better payout if you do become ill.

See below for an example of how a critical care plan would play out for three years, at two price points.

Cost vs. Benefit of Critical Care Insurance at Two Price Points
$5,000 Policy
You pay $11 a month, or $132 a year. You pay $130 a month, or $1,560 a year.
After three years, you are diagnosed with an illness covered by the plan. After three years, you are diagnosed with an illness covered by the plan.
You spend a total of $396 over three years. You spend a total of $4,680 over three years.
You receive a payout of $5,000, or $4,604 after you account for your premiums. You receive a payout of $60,000, or $55,320 after you account for your premiums.

Of course when you are looking to purchase a policy you’ll have to think about cost, and whether the monthly payments fit into your current budget. You should also think about your health, your future health, and any personal risk for illness that you’re aware of. You may need to talk to your doctor about your:

  • Age, as the risk of most cancers and heart disease increases with age
  • Family history of certain diseases
  • Risk factors, like smoking or drinking

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Does Aflac Pay For Copays

If you have Aflac, your cash benefits can be used to help pay your deductible, your portion of coinsurance, your copay or any other expenses you may have. Its up to you. After you reach your out-of-pocket maximum, your insurance will cover 100 percent of all expenses, including copays or coinsurance.

Insurance Can Be Extremely Important But It Can Also Be Unnecessary

Aflac Cancer

There are undoubtedly some types of insurance that everyone absolutely should have. Car insurance, health insurance and homeowners insurance are easily in the top three. Life insurance and long-term care insurance are also something you may want to consider as you shape your estate plan.

These types of insurance can help protect your health, life and property, while also providing financial reassurance for your loved ones. But there are some types of insurance that may be unnecessary for helping you to further your financial goals. As you assess your insurance needs, consider carefully whether to include these types of policies.

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Does Aflac Cover Thyroid Surgery

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ACCIDENT SPECIFIC-SUM INJURIES BENEFITS: When a Covered Person receives treatment under the care of a Physician for Accidental Injuries sustained in a covered accident, Aflac will pay specified benefits ranging from $35 $12,500 for dislocations, burns, skin grafts, eye injuries, lacerations, fractures, concussion,

Likewise, how much does Aflac pay for eye surgery? The Eye Examination Benefit now pays $45 for one eye examination per covered person, per policy year. Aflac Vision Now also offers coverage for serious eye conditions,5 including: Permanent Visual Impairment Benefit: $750$10,000 for visual impairment. Eye Surgeries Benefit: $50$1,500 for miscellaneous eye surgeries.

Also to know, how much does Aflac pay for pap smear?

MAMMOGRAPHY AND PAP SMEAR BENEFIT: Aflac will pay $100 per calendar year when a charge is incurred for an annual screening by low-dose mammography for the presence of occult breast cancer, and Aflac will pay $30 per calendar year when a charge is incurred for a ThinPrep or an annual Pap smear.

What does the Aflac Cancer policy cover?

The plan pays a cash benefit upon initial diagnosis of a covered cancer, with a variety of other benefits payable throughout cancer treatment. The Aflac Cancer Care plan is here to help you and your family better cope financiallyand emotionallyif a positive diagnosis of cancer ever occurs.

How We Chose The Best Cancer Insurance Providers

We evaluated 15 insurance companies before choosing our list of the best. Some of the criteria we used to make our determination included length of time the company was in business, what each insurance company offered, and how it rated among its peers.

In addition, we looked at the ease of getting the information, such as policy cost, what is covered, and how each company treats pre-existing conditions and wait times. Finally, we looked at how easy it was to get our questions answered so that we could get you the information that we feel you need to know.

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Does Any One Have Aflac

geanninemJoined: Apr 2012
May 08, 2012 – 7:09 pm

I have Aflac. I actually have several of their policies. Thank goodness I got the cancer policy, I think.. Does anyone else have it & is it what I think it is? I am so overwhelmed with all the insurance lingo along with the medical lingo that my brain is mush! Just wanting to know if it helped anyone else. Thanks