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Is An Aflac Cancer Policy Worth It? — Policy Restrictions & Benefits

Cancer is an unfortunate reality of life. According to the American Cancer Society, males will have a 1 in 2 chance of developing cancer while females have a 1 in 3 chance. With those statistics, it’s better to be safe than sorry. Getting an Aflac Cancer Policy will help you pay for unexpected cancer screenings, treatments, and recovery expenses. But what exactly will they cover, and how much will it cost me monthly? We have all the answers to your questions and more.

Are you looking for other kinds of supplemental insurance? We’ve got the information you need about Aflac Accident Insurance and Aflac Dental Insurance. If you’re still on the fence about supplemental insurance, talk to one of our well-informed agents every weekday from 9 a.m. to 5 p.m. at (855) 968-5736. We will help you find the best health insurance coverage for your needs.

If you want overall health coverage, use our unique quoting tool to discover affordable plans through the ACA Marketplace.

What is Cancer Insurance?

Cancer Insurance is a supplemental health insurance policy that helps pay for cancer screening, treatments, and hospitalizations related to cancer. Cancer Insurance is not a replacement for standard health insurance coverage and will only cover cancer-related medical expenses.

The National Cancer Institute’s Cancer Trends Progress Report states that the average initial care, continuing care, and last year of life expenses can add up to $192,256.06. And if you’re not ready to make those payments immediately, you could face a significant financial burden.

Aflac History

Founded in 1995, Aflac, or the American Family Life Assurance Company, has historically donated to foundations dedicated to fighting childhood cancer. In the mid-1900s and 2000s, Aflac created the Aflac Cancer Center dedicated to treating and researching childhood cancer.

How Does an Aflac Cancer Policy Work?

To receive coverage through your Aflac Cancer Policy, you will answer questions about the treatment you received and provide hospital and provider information for Aflac to validate the procedure. The payment will go directly into your bank account, and you can use that money for whatever expenses you incur including deductibles, copays, rent, groceries, and more.

Claims can be made at your earliest convenience after receiving treatment. You will not need to give your Aflac Cancer Policy information to your provider before your examination or procedure.

Aflac Cancer Policy Plans

Currently, you can purchase three types of Aflac Cancer Policies. Each policy covers the same treatments; however, the higher the coverage option, the more you will receive in the final payout.

Here’s how each plan breaks down:

	Standard Plans	Plus Plans	Elite Plans
Monthly Premiums	$20-$34	$37-66	$52-$96
Cancer Screenings	$25 per year	$75 per year	$100 per year
Initial Diagnosis	$1,000 or $2,000 for a child	$3,000 or $6,000 for a child	$5,000 or $10,000 for a child
Radiation/Chemo/ Immunotherapy/ Experimental Chemo	Self Administered: $100 per year Physician Administered:$600 per year	Self Administered: $250 per year Physician Administered: $1,200 per year	Self Administered: $400 per year Physician Administered:$1,500 per year
Hospitalization for Less Than 30 Days	$200 per day or $250 per day for a child	$300 per day or $375 per day for a child	$400 per day or $500 per day for a child
Hospitalization for 31 Days or More.	$400 per day or $500 per day for a child	$600 per day or $750 per day for a child	$800 per day or $1,000 per day for a child
Outpatient Hospital Surgical Room Charge	$100 max daily benefit	$200 max daily benefit	$300 max daily benefit
Stem Cell/Bone Marrow Transplantation	$3,500 Stem Cell Donation: $50 Bone Marrow Donation: $500 Lifetime Maximum: $3,500	$7,000 Stem Cell Donation: $100 Bone Marrow Donation: $750 Lifetime Maximum: $7,000	$10,000 Stem Cell Donation: $150 Bone Marrow Donation: $1,000 Lifetime Maximum: $10,000

Note: Monthly premiums and coverage amounts will depend on your state and policy.

Aflac Cancer Policy Riders

Insurance riders are benefits that you can add to your policy for an additional charge. Many riders are optional charges that you can opt out of if you think they are unnecessary, but depending on the price and coverage benefits, they could be worth it for you and your family.

Here are all the riders that you can add to your Aflac Cancer Policy:

Initial Diagnosis Increasing Benefit Rider

The Initial Diagnosis Increasing Benefit Rider will cost you an additional $15 monthly. This benefit will increase your initial diagnosis benefit by $500 yearly until you turn 65 or the insurance is paid out.

Specified Disease Rider

For a monthly fee of around $1, you can add a Specified Disease Rider to your Aflac Cancer Policy. This rider will help pay for the initial diagnosis and hospital confinement for treatment when you are diagnosed with specific diseases. You’ll receive $2,000 for your initial diagnosis, $400 daily when you’re confined for 30 days or less, and $800 daily when you’re confined for 31 days or more. Adding this rider does add an underwriting question to your initial application.

Here are the diseases that activate the rider: Addison’s disease, ALS/Lou Gehrig’s disease, cerebral palsy, cystic fibrosis, diphtheria, encephalitis, Lyme disease, malaria, meningitis, multiple sclerosis, muscular dystrophy, myasthenia gravis, polio, rabies, sickle cell anemia, systemic lupus, tetanus, toxic shock syndrome, tuberculosis, typhoid fever, mad cow disease, and yellow fever.

Dependent Child Rider

The Dependent Child Rider is available for around $1 monthly. This rider will increase the initial diagnosis benefit for children to $10,000.

Who Should Get an Aflac Cancer Policy?

You should get an Aflac Cancer Policy if you have a family history of cancer or if you have any elevated health concerns. Benefits include preventative coverage that can help you with early detection of cancer.

Unfortunately, if you have been diagnosed with cancer or had cancer within the last ten years, you are ineligible for an Aflac Cancer Policy. You must be cancer-free for ten years and have had a negative cancer screening within the past 12 months. There are exceptions to this rule in specific states and circumstances. For example, if you are breast cancer-free for two years, you will be eligible for Aflac Cancer Policies in Florida. Aflac Cancer Policies are only available for those 18 to 69 (or 18 to 64 in CA, MA, and NC). Dependent children are covered until they turn 26 at no additional cost.

Call one of our agents at (855) 968-5736 to see if you’re eligible for an Aflac Cancer Policy.

Aflac Cancer Policy Reviews

Third-Party Reviews

BBB

The Better Business Bureau, or the BBB, provides information on businesses and handles customer complaints. They give a rating of A+ to F, and the BBB has given Aflac an A+, the highest rating.

However, the customer service rating from the BBB places their average of 1.12 out of 5 with 604 complaints closed in the last three years. This is an abnormally high number for the BBB.

NAIC

The NAIC, or the National Association of Insurance Commissioners, evaluates insurance providers based on the number of customer complaints a company receives on its Complaint Index. The average Complaint Index number is 1, and anything above 1 has more complaints than the national average.

The NAIC has given Aflac a Complaint Index of 26.05 — an abnormally high number of complaints.

AM Best

The credit rating agency, AM Best, evaluates the financial health of insurance companies on a scale from A+ to F. Aflac received an A+, which means Aflac is in great financial health.

Customer Reviews

I may be one of the few who have never had issues with Aflac. I’ve had them since 2018. I have several policies with them, and I must say they have always done a great job. I do miss the quick pay turnaround times, but otherwise, my claims get processed and completed. I always get great customer service as well. Like I said, I may be one of the lucky ones. They have been great to me, and I hope it continues.

Clemustine “Clem” Sinack

Shantelle Derico helped me right away after i told her that i have been on the phone for the last 3 days for a hour a day and still didnt get any answers. She explained everything to me was not rushing to get off the phone and even followed up with a email. She has been the best rep that i have delt with so far

Ashley Lyde

Great company! Good, friendly staff. I’ll probably be a member forever.

A woman sitting at a desk. Her right arm is rest on the desk and the left arm in on her chin. There is a computer in front of her.

Pros & Cons of the Aflac Accident Insurance Plans

Pros

Preventive Coverage is Included
If you’re concerned about paying for cancer screenings, Aflac Accident Policies include yearly screening benefits to help curb the costs.

Affordable Riders
With the Aflac Accident Policies, three affordable riders give you additional benefits on top of the original policy benefits.
Aflac is in Good Financial Standing
According to third-party reviews, Aflac is in good financial standing to help with all the claims you submit.

Cons

Skin Cancer is Not Covered
Aflac Cancer Policies only cover internal cancer diagnoses. However, Skin cancer diagnoses are payable under a skin cancer benefit.
Not Available In Every State & Coverage is Not Available Outside the US
Unfortunately, Aflac Cancer Policies are unavailable in NH, NJ, NM, NY, or WY. If you receive cancer treatment outside the US, your procedures will not be covered.

Conclusion

Getting an Aflac Cancer Policy is a good idea for those who are seeking preventive measures or have a family history of cancer. It boasts preventative coverage with more benefits if you receive a cancer diagnosis.

If you’re still uncertain about the necessity of an Aflac Cancer Policy, call one of our agents at (855) 968-5736. Our agents are dedicated to helping you find the right coverage you need based on your circumstances. They are available every weekday from 9 a.m. to 5 p.m. We even have a free quoting tool if you’re looking for more traditional health coverage.

Frequently Asked Questions

Can You Get Aflac After a Cancer Diagnosis?

No, you cannot get an Aflac Cancer Policy after you receive your cancer diagnosis. Once you receive a diagnosis, you will need to wait 10 years and have a negative cancer screening within the past 12 months.

How Much is an Aflac Cancer Policy Monthly?

The cost of an Aflac Cancer Policy will depend on the coverage you’d like. Here’s what each plan costs:

Standard Plans: $20-$34 monthly
Plus Plans: $37-$66 monthly
Elite Plans: $52-$96 monthly

Monthly costs will depend on your state and specific policy restrictions.

What Does an Aflac Cancer Policy Cover?

An Aflac Cancer policy will cover cancer screenings, initial diagnosis, treatment, and hospitalizations.

September 17, 2024
1:23 pm

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