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Old Mar 10, 2009, 07:02 AM
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Aflac Accident insurance...worth it?


Anybody here carry Aflac Accident insurance? I'm considering it through my work. Worried a bad prop strike might cost me big bucks. However it's not clear how much they would cover.

Had a small hit a couple of months ago and got me wondering. Of course I learned a lesson too.
Old Mar 11, 2009, 09:19 AM
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I would hate to give advice and that would leave you without coverage, but I'll tell you what I did. I've had Aflac for years and never used it so I cancelled it. The benefits seamed small considering the cost. It only pays a small amount for time spent in a hospital.

In my opinion it's better to have long and short term disability insurance that would cover your salary if you got hurt. That's what I have.

The hole in coverage most people have, and it's a big one, is something called CUSTODIAL care. That's what happens when you get hurt or sick (like Alzheimer's), but your health will not improve. Disability insurance will cover your salary, but it would not be enough to cover the hospital bills. Chances are your health insurance does NOT cover custodial care and you would be on the hook for it. You would need Long Term Care Insurance for that, which I plan to get soon.

Maybe this is too much info.
Old Mar 11, 2009, 09:52 AM
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No not at all. Thanks for responding....at least with something. Right now heath care is so expensive all I carry is life insurance. Employer only offers a bare minimum heath option that doesn't cover hospitalization at all. Time for me to sign up or pass again. That Accident coverage seems almost useless. I'll have to call and get more info.
Old May 05, 2009, 12:02 PM
OhNoNotAnother is offline
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I'm looking into AFLAK now. A guy at work has it, was hit by a car, and AFLAK paid all of his bills until he could go back to work. It's not about compensation for nights spent in hospitals or doctor's visits, although that's an added plus. The point is, these days most people are pretty much living week-to-week, paycheck to paycheck, and a couple of months with no income, even if covered by worker's compensation, will be lost. By the time worker's comp kicks in and you get your 1st check many of your bills will already be late, and your credit rating can suffer. Also consider what some banks are doing to your interest rates because of one missed or late payment to a completely different bank!
Old May 06, 2009, 12:16 PM
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We have AFLAC through my wife's employer. It has paid well over the years. Even little injuries can be claimed. I went to the doctor to have a piece of sawdust flushed from my eye and got paid for it. Nearly every accident or injury was covered. I even got a nice little check for my routine physical. It isn't too terribly expensive (I believe we pay 400-500 a year on it). We've broken even on claims nearly every year and I could just imagine what a Godsend it would be in the event of a bigger accident or injury. Our agent meets with us every year to talk us into renewing and making sure we haven't missed anything we could potentially file a claim for. If I were single, and on a budget, it's a luxury I probably wouldn't have, but I have a family to take care of, so insurance is something I don't skimp on.
Old May 06, 2009, 05:08 PM
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I finally took it for those What Ifs...Thanks for you input guys.


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