Aflac enhances Individual Short-Term Disability Insurance to include mental health coverage

Posted: Aug. 18, 2022 at 7:00 AM EDT

Benefits aid present staff with income protection as economical and psychological wellness pressures mount

COLUMBUS, Ga., Aug. 18, 2022 /PRNewswire/ — Aflac, a primary service provider of supplemental health insurance policies solutions in the U.S., these days announced the start of its freshly improved Aflac Particular person Limited-Phrase Disability Insurance coverage to assist businesses better assist the changing requires of their valued employees amid financial uncertainty and enduring pandemic troubles. The firm’s revenue security coverage solution provides policyholders with a resource of regular income when a mental health affliction or a further covered injuries or sickness leaves them unable to work.

In accordance to the National Alliance on Psychological Overall health, 21%, or virtually 53 million U.S. grownups, professional mental health issues in 2020, and 46% of grown ups with psychological disease acquired remedy.¹ They go on to report that major psychological sickness leads to $193.2 billion in lost earnings every single year.

“Right now, additional People in america are grappling with difficulties that, in the past, may perhaps have obtained a lot less attention, but in the wake of the pandemic it is ever more apparent that mental health and fitness is a important issue for our shoppers,” reported Aflac U.S. Deputy President Virgil Miller. “That is why Aflac is boosting its choices in the mental overall health room to provide options for buyers who seek to defend not only their actual physical health and fitness, but their emotional nicely-staying as perfectly.”

Aflac’s Personal Quick-Term Incapacity product is a place of work advantage that can enable guard the in general bodily, fiscal and mental health of an employer’s workforce. With a wide variety of alternatives, staff members can tailor protection to their precise needs and budgets, so they can concentrate on recovery and obtaining back again to operate fairly than money worry.

“Events and ailments top to disability that reduce individuals from doing the job and creating revenue are more typical than several imagine,” reported Kim Rudeen, vice president, Aflac Item Enhancement and Administration. “When a disability leaves a man or woman unable to generate a dwelling, greater out-of-pocket charges could quickly pressure their funds. In simple fact, 1-in-3 workforce (36%) could not go for more than one thirty day period without the need of a paycheck, which is a large degree of fragility.”³

• Expanded coverage for disabilities brought about by prevalent mental wellness conditions, together with but not restricted to schizophrenia, bipolar disorders, depressive problems, panic issues, feeding on ailments, submit-traumatic worry, material and liquor use conditions.
• Expanded coverage with no level boosts to policyholders.
• Optional riders to assistance further more amplify profits safety coverage.

For much more details take a look at Aflac.com/business enterprise.

Aflac Integrated (NYSE: AFL) is a Fortune 500 company assisting provide safety to additional than 50 million persons by means of its subsidiaries in Japan and the U.S., paying out dollars quickly when policyholders get ill or injured. For much more than 6 a long time, the insurance policies procedures of Aflac Incorporated’s subsidiaries have offered policyholders the opportunity to concentration on recovery, not fiscal pressure. In the U.S., Aflac is the selection a person provider of supplemental overall health coverage merchandise.⁴ Aflac Lifetime Coverage Japan is the leading provider of clinical and cancer insurance in Japan, in which it insures 1 in 4 homes. In 2021, Aflac Included was proud to be bundled as 1 of the World’s Most Ethical Firms by Ethisphere for the 16th consecutive calendar year. Also in 2021, the organization was integrated in the Dow Jones Sustainability North The us Index and turned a signatory of the Ideas for Liable Investment decision (PRI). In 2022, Aflac Included was included on Fortune’s checklist of World’s Most Admired Firms for the 21st time and Bloomberg’s Gender-Equality Index for the 3rd consecutive yr. To come across out how to get assist with costs wellness insurance coverage does not deal with, get to know us at aflac.com or aflac.com/español. Buyers may well master much more about Aflac Incorporated and its determination to ESG and social duty at buyers.aflac.com below “Sustainability.”

Media make contact with: Jon Sullivan, 706-763-4813 or [email protected]

Analyst and trader make contact with: David A. Younger, 706-596-3264, 800-235-2667 or [email protected]

¹ National Alliance on Psychological Overall health (2022). Psychological Wellbeing Stats. Accessed July 20, 2022, from https://www.nami.org/mhstats. 
²Integrated Added benefits Institute (2019). IBI Benchmarking Analytics Series: Which Diagnoses Push STD Incidence, Charges and Lost Time? Accessed from  https://f.hubspotusercontent10.web/hubfs/8926463/Useful resource%20Property/Benchmarking%20Analytics/IBI-Benchmarking-Analytics-STD-situation-motorists.pdf. 
³ Aflac (2021). 2021-2022 Aflac WorkForces Report. Accessed July 5, 2022, from https://www.aflac.com/docs/awr/pdf/2021-overview/2021-aflac-awr-wellness-wellness-energy-gains.pdf
⁴ LIMRA 2021 US Supplemental Health Insurance Whole Industry Report.

See unique material to down load multimedia:

Resource Aflac Incorporated

The previously mentioned push launch was presented courtesy of PRNewswire. The views, viewpoints and statements in the press launch are not endorsed by Grey Media Group nor do they always state or mirror individuals of Grey Media Group, Inc.