Aflac recently made some significant enhancements to some of their policies. They extended coverage of children on the family plans to age 26 with no increase in premium. Health care reform was intended to ensure all Americans are protected by major medical insurance. Because Aflac is not major medical insurance, most aspects of the reform do not apply to our policies, including covering dependent children up to age 26 under a parent’s major medical policy.
As an added benefit, Aflac is voluntarily expanding coverage for dependent children on new and existing family policies to age 26 regardless of marital, IRS or student status requirements for dependents outlined in the policy. The change is effective October 1, 2010, and applies to losses that occur on or after October 1, 2010.
No action is required for policyholders whose children are covered under the current terms of their policies: Coverage automatically extends to age 26, with no increase in premium.
No action is required for policyholders with family coverage who have children under age 26 who were covered, but had lost coverage due to previous dependent rules: Coverage will be automatically extended to age 26, with no increase in premium.
For family coverage policies that require underwriting, policyholders with children who were never covered must apply for the children to be added to the policy and these children must pass underwriting to be added to the policies. If eligible, coverage will be extended to age 26, with no increase in premium.
Aflac continues to set the pace in offering their policyholders comprehensive benefit coverage while holding down the cost to policyholders.
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