Aflac New York Expands Statewide Coverage With New Cancer Care Plan
ALBANY, N.Y., June 27, 2013
ALBANY, N.Y., June 27, 2013 /PRNewswire/ --Aflac, the No. 1 provider of
voluntary and guaranteed-renewable insurance in the United States, today
announced that it has launched a new Cancer Care plan in the state of New York
that is intended to help policyholders cover out of pocket costs and expenses
associated with cancer treatment. The American Cancer Society predicts there
will be 108,760 new cases of cancer in New York in 2013 alone.^1 If
unprepared, a cancer diagnosis may trigger financial distress for employees
and their families. The Cancer Care plan pays cash benefits to policyholders
diagnosed with cancer, including melanoma and some blood disorders.
The Cancer Care policy offers four plan options to fit employees' personal and
financial needs. Benefits include:
oInitial Diagnosis Benefit — Cash benefits of up to $6,000 per covered
person, depending upon the plan selected. Additionally, the benefit of up
to $6,000 will double per covered child.
oWellness Benefit — Cash benefit of up to $100 per calendar year, per
covered person, depending upon the plan selected.
oOne Age Band — Coverage is available to employees up to age 75.
oMedical Imaging with Diagnosis Benefit — Cash benefits of up to $200 per
calendar year, per covered person, depending upon the plan selected.
oTopical Chemotherapy Benefit — Cash benefits of up to $200 per
prescription per month, depending upon the plan selected.
oDependent Child Rider — For less than $1 per month, this rider pays
$10,000 when a covered dependent child is diagnosed with internal
cancer or an associated cancerous condition. This is in addition to
the benefits payable in the base plan.
oInitial Diagnosis Building Benefit Rider — Cash benefits of up to
$500 payable per covered person in addition to the Initial Diagnosis
oSpecified Health Event with First-Occurrence Building Benefit Rider —
Cash benefits of $5,000 per covered person for a covered event. Also,
the cash benefit per covered child is $7,500. A hospitalization
benefit of $240 per day is offered as well if the covered person is
admitted to the hospital for the covered specified health event.
oSpecified Health Event with First-Occurrence Building Benefit and
Recovery Benefit Rider — All benefits included in Specified Health
Event with First-Occurrence Building Benefit Rider plus one added
benefit – the Specified Health Event Recovery Benefit. The cash
benefit is $500 per month, per covered person for the covered health
event, up to six months.
*Eligible specified health events include: heart attack, stroke, end-stage
renal failure, or sudden cardiac arrest.
"Cancer can strike at any time and is an emotionally difficult time," said
John Harmeling, senior vice president of Worksite Marketing at Aflac. "Sadly,
the financial responsibilities that often come with a serious illness place
even further burden and stress upon families. The Aflac New York Cancer Care
offerings help people cope with the out-of-pocket costs and everyday expenses
that can quickly add up, helping to ease the financial hardship. Our goal is
to help provide financial peace of mind so employees can focus fully on their
Additionally, the Aflac New York Cancer Care base plan includes benefits for
radiation therapy, experimental treatment, bone marrow transplants, and more.
These cash benefits are designed to help with out-of-pocket expenses that
typically are not covered by major medical insurance. In fact, the Aflac Real
Cost Calculator estimates that some of the newer cancer treatments can cost up
to $10,000 a month.^2
For more information, visit aflac.com/business or follow @aflac on Twitter.
Coverage is underwritten by American Family Life Assurance Company of New
York. This is a brief product overview only. The policy has limitations that
may affect benefits payable. Please consult your Aflac insurance agent for
more information on plan benefits, limitations, and exclusions.
^1 Cancer Facts & Figures 2013, Atlanta: American Cancer Society, 2013.
^2 American Cancer Society
Date Accessed: Jan. 15, 2013
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For
nearly six decades, Aflac insurance policies have given policyholders the
opportunity to focus on recovery, not financial stress. In the United States,
Aflac is the number one provider of guaranteed-renewable insurance. In Japan,
Aflac is the number one life insurance company in terms of individual policies
in force. Aflac individual and group insurance products provide protection to
more than 50 million people worldwide. For seven consecutive years, Aflac has
been recognized by Ethisphere magazine as one of the World's Most Ethical
Companies. In 2013, FORTUNE magazine recognized Aflac as one of the 100 Best
Companies to Work For in America for the 15th consecutive year. Also, in 2013,
FORTUNE magazine included Aflac on its list of Most Admired Companies for the
12th time, ranking the company number one in the life and health insurance
category. Aflac Incorporated is a Fortune 500 company listed on the New York
Stock Exchange under the symbol AFL. To find out more about Aflac, visit
aflac.com or espanol.aflac.com.
Kip Havel Cathleen Bleers
Aflac Hill & Knowlton
Press spacebar to pause and continue. Press esc to stop.