I am currently breaking down the two carriers on Cancer, Medical bridge, Accident, Hospital & life plans.
On the Cancer plan
Aflac is 30% more a month than Colonial level 3.
Alfac has a $3,000 benefit paid once you are diagnosed but Colonial pays $100 for Cancer screenings.
The rest of the plan benefits are very similar with the same max benefits in place.
The better product is Colonial because of price and the $100 benefit per year that everyone can use a year.
Medical Bridge vs Afac's Accident and Hospital plan
This is a tough one because I don't know if I am comparing apples to apples. The medical bridge is a lump sum payment of $3000. So there is no ret tape here its a flat out cover your HSA
The Accident benefit has lump sum of $1,000 and the Hospital plan would pay $400/ $500 a day for confinement.
These plan have more bells and whistle with the potential of paying more each day you are in the hospital or receiving treatment.
The Aflac policy is 50% more than colonial.
I am going to give the advantage to Colonial because of cost and simplicity of covering a HDHP.
On life insurance Colonial is cheaper.
There is a big cost difference here between the two carriers.
The big difference is with the age banded rates.
Colonial is 18-49 and Aflac is 18-39. This creates a very large price difference.
What do you guys think?