Critical illness insurance through Aflac provides coverage for the added costs of battling a critical illness. The plan pays a lump sum cash benefit upon initial diagnosis of a covered critical illness:
Coronary Artery Disease
End-Stage Renal (Kidney) Failure
Limited Major Organ Transplant
Non-Invasive Cancer (Carcinoma In Situ)
You may elect between $5,000 – $30,000 for yourself and up to $30,000 for your spouse or domestic partner in $5,000 increments. When you elect coverage for yourself, your dependent children under 26 are included at no additional cost.
Employees pay the full cost of this voluntary benefit via payroll deduction.
You are not required to be enrolled in a major medical plan offered by Genesys to enroll in critical illness insurance through Aflac in most states. However, in the states of California, New Jersey, and New York you will be required to have medical coverage in order to enroll in this benefit. Aflac will request the name of your medical plan after you enroll. The required medical coverage can be through Genesys or another insurer such as your spouse’s employer plan or another source.