Aflac Presentation
12
-
Upload
aflac -
Category
Economy & Finance
-
view
4.851 -
download
0
Transcript of Aflac Presentation
ProgramProgram
The difference between Aflac and Health The difference between Aflac and Health InsuranceInsurance
Aflac FactsAflac Facts The Solution: AflacThe Solution: Aflac Products OfferedProducts Offered Personal Short Term DisabilityPersonal Short Term Disability Specified Disease (Cancer Program)Specified Disease (Cancer Program) Personal Accident Injury PlanPersonal Accident Injury Plan Weekly RatesWeekly Rates ImplementationImplementation
What is the difference between What is the difference between Aflac and regular Health Aflac and regular Health
Insurance?Insurance?• Health insurance is designed to meet the median Health insurance is designed to meet the median
needs of an employee group.needs of an employee group.
• Health insurance was not created to pay out-of-Health insurance was not created to pay out-of-pocket costs.pocket costs.
• Health insurance covers the medical bills, pays the Health insurance covers the medical bills, pays the doctors and the hospitals.doctors and the hospitals.
• • Aflac pays the employee regardless of their health Aflac pays the employee regardless of their health
insurance coverage and allows them to spend that insurance coverage and allows them to spend that money anywhere they see it fit.money anywhere they see it fit.
Aflac FactsAflac Facts
Aflac is a Fortune 200 company. Aflac is a Fortune 200 company. Aflac insures more than 50 million people Aflac insures more than 50 million people
worldwide. worldwide. Aflac pays cash directly to the insured to offset any Aflac pays cash directly to the insured to offset any
of out-of-pocket expenses (i.e., co-payments, of out-of-pocket expenses (i.e., co-payments, deductibles, lost of wages, mortgage/rent, car deductibles, lost of wages, mortgage/rent, car payments, transportation, and lodging.)payments, transportation, and lodging.)
Aflac benefits are supplemental, pre-tax, and Aflac benefits are supplemental, pre-tax, and independent of any health insurance benefits.independent of any health insurance benefits.
Aflac policies are voluntary, guaranteed renewable Aflac policies are voluntary, guaranteed renewable and fully portable at discounted group rates.and fully portable at discounted group rates.
Aflac pays most claims within four daysAflac pays most claims within four days There is no coordination of benefits.There is no coordination of benefits. There is no employer sponsorship required.There is no employer sponsorship required.
The Solution: AflacThe Solution: Aflac
Aflac’s products are a solution for Aflac’s products are a solution for expanding your benefits program while expanding your benefits program while helping to manage the employer paid health helping to manage the employer paid health care expenses. care expenses.
The core of our business is to design The core of our business is to design voluntary employee paid supplemental voluntary employee paid supplemental insurance policies that can be used to insurance policies that can be used to enhance your current insurance plan at no enhance your current insurance plan at no additional cost to the company. additional cost to the company.
Products that best fit Boces Products that best fit Boces portfolio of benefits!portfolio of benefits!
1. Short Term Disability 1. Short Term Disability
2. Cancer Protection Plan2. Cancer Protection Plan
3. Accident Plan3. Accident Plan
Personal Short Term DisabilityPersonal Short Term Disability
A paycheck protection plan which pays cash directly A paycheck protection plan which pays cash directly to the insured if a disability occurs due to an accident to the insured if a disability occurs due to an accident or sickness, on or off the job. or sickness, on or off the job.
Employees choose programs with a (3), (6), (12) or Employees choose programs with a (3), (6), (12) or (24) month benefit period. (24) month benefit period.
Employees choose their own individual elimination Employees choose their own individual elimination periods ranging from a (0) day wait for an accident periods ranging from a (0) day wait for an accident up to (180) day wait for sickness. Also covers up to (180) day wait for sickness. Also covers Maternity Leave in addition to DBL.Maternity Leave in addition to DBL.
Rates are determined based on age and income, with Rates are determined based on age and income, with monthly benefits starting at $500 and up to $5,000.monthly benefits starting at $500 and up to $5,000.
Aflac is used to bridge gaps in existing STD programs Aflac is used to bridge gaps in existing STD programs or to fill the complete need. or to fill the complete need.
Specified Disease- Specified Disease- Cancer PlanCancer Plan
Pays cash directly to the insured or a family member to help cope Pays cash directly to the insured or a family member to help cope with out-of-pocket expenses related to the diagnosis and treatment with out-of-pocket expenses related to the diagnosis and treatment of Cancer. Benefits include: First Occurrence, Hospitalization, of Cancer. Benefits include: First Occurrence, Hospitalization, Radiation & Chemotherapy, Blood & Plasma, Transportation & Radiation & Chemotherapy, Blood & Plasma, Transportation & Lodging, Bone Marrow Transplantation for you and the donor, Stem Lodging, Bone Marrow Transplantation for you and the donor, Stem Cell Transplantation, Wellness Benefit for any regular cancer Cell Transplantation, Wellness Benefit for any regular cancer screening just as a preventive, and much more! screening just as a preventive, and much more!
Non-medical Expenses not covered by Major Medical or Non-medical Expenses not covered by Major Medical or Catastrophic InsuranceCatastrophic Insurance
AFLAC operates with the intention of helping individuals and AFLAC operates with the intention of helping individuals and families in time of need. Although medical expenses are often a families in time of need. Although medical expenses are often a significant portion of the financial issues arising from the treatment significant portion of the financial issues arising from the treatment of cancer, the tremendous monetary costs that are unaffiliated with of cancer, the tremendous monetary costs that are unaffiliated with medical treatment are often overlooked. For example, non-medical medical treatment are often overlooked. For example, non-medical expenses include but are not limited to: travel, loss of wages, family expenses include but are not limited to: travel, loss of wages, family accommodations. accommodations.
This is a pretax three tier plan: Individual, 1 parent family, or 2 This is a pretax three tier plan: Individual, 1 parent family, or 2 parent family.parent family.
Personal Accident Personal Accident Indemnity Indemnity
Pays cash directly to the insured or family member for Pays cash directly to the insured or family member for treatment of accidental injury on or off the job, 24/7 treatment of accidental injury on or off the job, 24/7 anywhere in the world. Benefits are paid for Emergency anywhere in the world. Benefits are paid for Emergency Treatment, Follow-Up Visits, Physical Therapy, Treatment, Follow-Up Visits, Physical Therapy, Hospitalization, Transportation & Lodging, Major Hospitalization, Transportation & Lodging, Major Diagnostic Exams like MRI, CT, AD&D rider, and much Diagnostic Exams like MRI, CT, AD&D rider, and much more.more.
Pays regardless of your current health insurance Pays regardless of your current health insurance coverage.coverage.
This is a pretax four tier plan: Individual, husband & This is a pretax four tier plan: Individual, husband & wife, 1 parent family, or 2 parent family.wife, 1 parent family, or 2 parent family.
Weekly RatesWeekly Rates Personal Short Term Disability*
3 – Month Benefit Period0/7 – Day Wait
Accident/Sickness Min. of $500 - Monthly
Benefit - $3.46
Personal Lifestyle Protector
Cancer PlanIndividual $7.64
One Parent Family $9.53 Two Parent Family $13.25
Personal Accident Expense Plan
Individual $3.60Husband & Wife $5.17
1 Parent Family $6.992 Parent Family $8.68
PSTD – premium/benefit/waiting period will vary depending on the exact choice of the employee! This is the only product that employee will determine
the cost of the plan.
ImplementationImplementation
Step 1:Step 1:
1.1. Set up time and date for Set up time and date for
2.2. Employee presentation Employee presentation (30-45 min max)(30-45 min max)
3.3. Hand out an interest Hand out an interest sheet sheet
Step 2:Step 2:
1.1. Set up time and date to Set up time and date to come back and enroll the come back and enroll the employees individually 5-employees individually 5-10min each10min each
2.2. Give out ducks as Give out ducks as employees enroll :)employees enroll :)
