Author Topic: AFLAC  (Read 1919 times)

texaslady22

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AFLAC
« on: May 23, 2015, 07:44:11 AM »
Last week, I bragged about getting rid of some AFLAC policies. One of those policies was an Accident policy. Well, as luck would have it, my son fell down the stairs yesterday and required a trip to the PrimaCare--he needed an X-ray and had a sprained muscle.

Anyway, I'm wondering this: Should I reinstate the AFLAC accident policy? I have 30 days to do so if I want to. It's $45/month.

Facts:
= AFLAC pays cash directly to us. It's not related to our insurance company.
= We have 3 children, but our middle child has a medical condition that makes him accident-prone.
= AFLAC pays $100 for each accident and then additional money for each X-ray, follow up visit, broken bone,  stitches, burn, etc.

Last year, middle son burned himself on New Year's Day while we were cooking eggs. It was a small burn, but  because it was a third degree AFLAC paid $300. Then, last summer, my husband was playing football with some teenagers and fell and broke a rib. AFLAC paid $140. And then later last summer, our middle son dropped a weight on his foot. He broke his toe. The toe ended up becoming infected and he needed several follow-up visits and an MRI. AFLAC paid $360. Middle son fractured his wrist and required a visit to a specialist. AFLAC paid $400.

So, it's traditionally paid for itself. My big deal is this--what if a terrible accident ever happens? AFLAC pays for an ambulance or air ambulance, lodging if he's at a hospital far away from home, money per day you're in the hospital. loss of limb, loss of life....our middle son is truly accident prone. Should we keep this policy to the tune of $45/month? Just yesterday would pay $140.

3okirb

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Re: AFLAC
« Reply #1 on: May 23, 2015, 07:50:38 AM »
Last week, I bragged about getting rid of some AFLAC policies. One of those policies was an Accident policy. Well, as luck would have it, my son fell down the stairs yesterday and required a trip to the PrimaCare--he needed an X-ray and had a sprained muscle.

Anyway, I'm wondering this: Should I reinstate the AFLAC accident policy? I have 30 days to do so if I want to. It's $45/month.

Facts:
= AFLAC pays cash directly to us. It's not related to our insurance company.
= We have 3 children, but our middle child has a medical condition that makes him accident-prone.
= AFLAC pays $100 for each accident and then additional money for each X-ray, follow up visit, broken bone,  stitches, burn, etc.

Last year, middle son burned himself on New Year's Day while we were cooking eggs. It was a small burn, but  because it was a third degree AFLAC paid $300. Then, last summer, my husband was playing football with some teenagers and fell and broke a rib. AFLAC paid $140. And then later last summer, our middle son dropped a weight on his foot. He broke his toe. The toe ended up becoming infected and he needed several follow-up visits and an MRI. AFLAC paid $360. Middle son fractured his wrist and required a visit to a specialist. AFLAC paid $400.

So, it's traditionally paid for itself. My big deal is this--what if a terrible accident ever happens? AFLAC pays for an ambulance or air ambulance, lodging if he's at a hospital far away from home, money per day you're in the hospital. loss of limb, loss of life....our middle son is truly accident prone. Should we keep this policy to the tune of $45/month? Just yesterday would pay $140.

That's $540/year.  You have to look at what you normally use in a year.  If it's typically less than that, then it's better to save that money each month.  The other question is if you'll actually save that $45/month or just spend it on other stuff.

forummm

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Re: AFLAC
« Reply #2 on: May 23, 2015, 07:58:50 AM »
Wow, it seems like you guys are having a lot of accidents. Maybe everyone should be more careful and save the insurance premiums. Are you living paycheck-to-paycheck, where you need $300 for an x-ray copay, and can't self insure that amount?

texaslady22

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Re: AFLAC
« Reply #3 on: May 23, 2015, 08:25:13 AM »
Wow, it seems like you guys are having a lot of accidents. Maybe everyone should be more careful and save the insurance premiums. Are you living paycheck-to-paycheck, where you need $300 for an x-ray copay, and can't self insure that amount?

No; we  have fantastic insurance and savings....we can cover the costs without AFLAC. In the past, though, AFLAC has ended up paying way more out than we paid in. I wish we could just "be more careful," but our son doesn't have normal balance or safety regulations. He's in occupational therapy for it, but he has been for over a year now and he's still SO accident prone.