Sports and recreational activities are a great way for children and teens to stay active and build self-esteem. However, participating in a sport also leaves kids and teens vulnerable to injuries. Aetna (NYSE: AET) Voluntary Plans offer the Group Accident Plan to employers to help financially protect their employees against a child’s unforeseen accident.
The Group Accident Plan makes cash payments directly to enrollees when they incur accident-related medical expenses, such as treatment for a broken bone, an ambulance ride, or outpatient physician treatment. Benefit checks can be used to pay for anything, such as day care, medical plan deductibles, mortgage payments or to make up for lost wages.
“Major medical insurance covers most medical expenses but not everyday costs. Taking care of an injured child could require parents to take time off from work and could affect household savings,” said Frank McCauley, head of Aetna’s Consumer Segment. “Accident plans are designed to keep families financially protected by helping to pay for unexpected medical bills, as well as everyday expenses such as daycare, groceries and utility bills.”
According to the Medical University of South Carolina, each year approximately 775,000 children and teens are sent to the emergency room for sports related injuries such as sprains, strains, fractures, growth plate breaks, and heat stroke. 2 Aetna Voluntary Plans can help protect members and help them remain financially healthy despite these types of unforeseen accidents.For more information about Aetna Voluntary Plans, click here 1 “Sports Safety-Injury and Incidence Rates” Medical University of South Carolina 2 Child Sports Injuries and Their Prevention: A Guide for Parents with Ideas for Kids: National Institute for Arthritis and Musculoskeletal and Skin Diseases. July 2009 About the Group Accident Plan The Group Accident Plan is insured by American Heritage Life Insurance Company, a subsidiary of The Allstate Corporation. Accident benefits are provided by policy form GVAP1 or state variations; benefit enhancement rider provided by rider form GVAPBER or state variations. The Group Accident Plan does not offer comprehensive benefits. It provides limited coverage and is not intended to replace other health insurance coverage. Insurance plans contain exclusions and limitations, and not all services are covered. See plan documents for a complete description of benefits, exclusions, limitations and conditions of coverage.