Aflac

[frugalmomof1]

Starting in January my employer will be offering optional Aflac insurance. Has anyone had experience with them?

[PRICEPLUS]

No, but the commercials are pretty clever.

[fairy74]

The commercials are hysterical, but I think this is usually more geared to people who chose not to have an EF. The commercials always show it paying for gas, and house payments, etc...which I guess I always thought was the purpose of an EF. Do you have any idea how much coverage you would get and how much you'd have to pay?

[frugalmomof1]

It does seem to be for people who do not have an EF. Coverage varies drastically based on the type of incident ($35 - $12,000 for broken teeth, bones, surgeries, etc...$200 if you need an MRI, CT scan or an ambulance ride). To cover DH and I, the cost will be between $6 and $10/month (pre tax). Any payments received are non taxable.

[boefixepa]

We have this at work and I have had it for years. I got it at first because I didn't have any extra money, but since it basically pays for it's self I keep it. The accident policy had a yearly 'preventative maintence' thing, eye exam, physical, pap etc. and if you do it yearly (which you should anyway) and you send in the paper they send you $60. So you pay even less for it! I cut my hand with a knife, 2 stitiches and an ER trip, covered complete by my health insurance. I got $60 from AFLAC. I've only had one really bad snowmobile accident and it was pre-AFLAC. If I had AFLAC I would have received about 3K, bummer. I also have a disability policy with them for 2 reason. I don't have a second income (SO) so if I were injured I wanted a way to pay the mortgage and 2.) it works for pregnancies as long as you have had the policy for a minimum amount of time. So when I do marry it will pay my out of pocket expenses for the pregancy (at least the six weeks, more if I get on bed rest or have to have a c-section). For me the cost was so little it's worth it. If you are accident prone, I think you could make money on it. At a minimum it should cover most if not all of your out of pocket expenses for co-pays and deductibles for accidents. To me it's worth it.

Oh as a side note. My boss mother in law had a cancer policy. When she was diagnosed for cancer they sent her a check for 10K! It paid for her drugs not covered by her insurance and she was able to pre-pay all of her final expenses. I know it helped their family out a lot.