4 Types of Supplemental Insurance You May Need

Many are familiar with health insurance, which goes a long way in making many medical procedures more affordable. However, it doesn’t cover everything. While researching policies, policyholders may ask themselves, “what is supplemental insurance?” and whether they may need certain policies for specific life situations. This article will cover four supplemental insurance policy types you may need for different circumstances in your life.

1. Accident insurance

Accident insurance pays a cash benefit if the policyholder is injured or passes away from a covered accident. It’s often used to help cover accident-related costs your primary policy may cover.

Here are some benefits accident insurance offers:

• No deductible: You don’t need to meet a deductible to get your accident insurance payout.
• Flexible benefit usage: You can use the benefit for anything, even costs that are unrelated to the accident. However, recipients generally use it to assist with copayments, deductibles, lost income due to injury, and other similar expenses.
• Helps cover expenses not covered by health insurance: Health insurance policies may not cover everything. Accident insurance policies generally help cover these activities, ensuring you get some coverage.

2. Cancer insurance

Cancer insurance pays out a lump sum of cash when the policyholder is diagnosed with cancer. This helps pay for treatment costs and non-medical costs the cancer diagnosis may cause. As a result, the patient and their loved ones get additional financial relief during a tough time.

Here are some key advantages of cancer insurance:

• Flexible benefit usage: The cash benefit can be used for medical and non-medical expenses. For instance, you can use the benefit to help replace lost income, cover utility bills, and pay for medication refills, among other uses.
• Low cost: Cancer insurance is often quite affordable, especially compared to the cost of treatment. These premiums may be well worth the added peace of mind if you are concerned about a potential cancer diagnosis.
• May cover experimental treatments: Regular health insurance may not cover experimental treatments, whereas cancer insurance can often be used for these. This can potentially provide you with more options for treating cancer.

3. Dental insurance

Dental insurance helps you reduce the cost of dental visits. It helps cover dental care treatments and procedures from preventative workto major services.

Here are some benefits of getting a dental insurance policy:

• Low premiums: Dental premiums tend to be very low, making it easy to fit into your budget and reduce dental costs.
• Wide range of coverage: Dental insurance can cover most or all of dental costs. However, it can also help reduce the cost of expensive, major services.
• Encouraged dental care: Paying for dental insurance incentivizes you to make the most of the benefits by visiting your dentist regularly. That way, your dentist can address any missed areas in your mouth and catch early warning signs of problems.

4. Life insurance

Life insurance offers coverage that can help your loved ones cover expenses in case you pass away unexpectedly. They can receive a significant death benefit payout to help replace your income, pay down debts, and set aside funds for emergencies and savings goals.

Here are some benefits of life insurance:

• Financial security: Thanks to the death benefit payout, your loved ones can receive additional financial security after your passing.
• Many types: Term life insurance offers lower premiums, but coverage may require renewal at higher rates when your policy expires. Permanent life insurance costs more but offers lifelong coverage, and may help you build wealth through the cash value growth component.
• Riders available: You may be able to add riders to customize your coverage. For example, an inflation rider increases your death benefit by a fixed percentage yearly to protect it against inflation.

The bottom line

Supplemental health insurance policies are designed to help cover specific life events and bridge gaps in your health insurance coverage. From accident and cancer insurance to dental and life insurance, there are plenty of policies available to fit your various coverage needs. Ultimately, investing in supplemental insurance can provide reassurance and alleviate the financial burden associated with unforeseen circumstances, offering a sense of confidence and stability in navigating life’s uncertainties.

Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.

Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY or VA.  Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations and exclusions.

Aflac Coverage

Accident – In Delaware, Policies A371AA & A371BA. In Idaho, Policy A37000ID. In Oklahoma, Policy A37000OK. In Virginia, Policies A371AAVA & A371BAVA.

Cancer – In Delaware, Policies B70100DE, B70200DE & B70300DE. In Idaho, Policies B70100ID, B70200ID, B70300ID, B7010EPID, B7020EPID. In Oklahoma, Policies B70100OK, B70200OK, B70300OK, B7010EPOK, B7020EPOK. In Virginia, policies A75100VA–A75300VA.

Dental – In Delaware, Policies A82100R–A82400R. In Idaho, Policies A82100RID–A82400RID. In Oklahoma, Policies A82100ROK–A82400ROK. In Virginia, Policies A82100RVA–A82400RVA.

Life – (A68000 Series) – In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68100-A68400. In New York, NY68100-NY68400. Term and Whole Life (B60000 Series) – In Arkansas, Idaho, Oklahoma, Pennsylvania, Texas, & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Group Whole Life (Q60000 Series) – In Arkansas, Delaware & Oregon, Policy Q60100M. In Idaho Policy Q60100MID. In Oklahoma, Policy Q60100MOK. In Texas, Policy Q60100MTX. Group Term Life (Q60000 Series) – In Delaware, Policies Q60200M. In Arkansas, Idaho, Oklahoma, Oregon & Texas, Policies ICC18Q60200M, ICC18Q60300C, ICC18Q60400C.

Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.

Tier One Coverage

Accident – In Delaware, Policy T37000. In Idaho, Policies T37100IDR, T37200IDR, & T37300IDR. In Oregon, Policy T37000OR. In Oklahoma, Policy T37000OK. In Pennsylvania, Policies T37000PA, T37300PA, & T37500PA. In Texas, Policy T37000TX.

Cancer – In Arkansas, Policy T70000ARR. In Delaware, Policy T70000. In Idaho, Policy T70000ID. In Oklahoma, Policy T70000OK. In Oregon, Policy T70000OR. In Pennsylvania, Policies T70000PA, T7000GPA. In Texas, Policy T70000TX. In Virginia, policies T70000VA & T70000GVA.

Dental, Vision, Hearing (DVH) – In Delaware, Policy T80000. In Idaho, Policy T80000ID. In Oklahoma, Policy T80000OK.

Final Expense (Life) – Life (Final Expense Life) – In Arkansas, Delaware, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22.

NOTICE: The coverage offered is not a qualified health plan (QHP) under the Patient Protection and Affordable Care Act (ACA) and is not required to satisfy essential

health benefits mandates of the ACA. The coverage provides limited benefits.

Tier One coverage is underwritten by Tier One Insurance Company.

Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).

Aflac’s family of insurers include Aflac, Aflac New York, Continental American Insurance Company, and Tier One Insurance Company.

Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road | Columbus, GA 31999.

Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211

Z2400297                                                                                                                    EXP 4/25