NIL Wealth - Supplemental Health Insurance Guide

Supplemental Health Protection Guide
Coverage Provided Through Aflac
NIL Wealth Strategies is an independent firm. Andrew McConnell is appointed with Aflac to offer supplemental health coverage issued and administered by Aflac. Aflac is not affiliated with NIL Wealth Strategies and does not sponsor or endorse this educational guide.
Understanding Supplemental Health Coverage
Supplemental health insurance is optional coverage designed to work alongside your existing health insurance. It does not replace your primary medical plan. Instead, it provides an additional layer of financial protection when a covered accident, injury, or hospital event occurs.
Traditional health insurance primarily helps pay for medical care and treatment. Supplemental health coverage works differently by paying set cash benefits for covered events according to the policy's benefit schedule.
The key difference is simple: the cash benefit is paid directly to you, rather than being designed to pay the doctor or hospital.
Cash Benefits
When a covered event occurs, the amount you receive is based on the covered events and treatments listed in your supplemental policy, not simply on how much you still owe.
For example, an athlete may have surgery where primary health insurance pays its portion, leaving deductibles, copays, coinsurance, or other out-of-pocket costs. Supplemental cash benefits can help with those expenses and the everyday financial needs that continue during recovery.
But what if other insurance covers the remaining medical costs?
A college athlete may also have school athletic coverage that helps pay some or all of the remaining eligible medical expenses. If the injury and treatment qualify under the supplemental policy, the applicable cash benefits can still be payable, subject to the policy’s terms, limits, and exclusions.
Either Way, the Benefit Can Help
Medical costs remain:
The cash benefit can help with deductibles, copays, coinsurance, transportation, or other financial needs.
Other insurance covers the eligible medical costs:
The applicable supplemental cash benefit can still be payable for the covered event and used based on the family’s needs.
Because benefits are paid directly to the insured, the money can generally be used for medical expenses, groceries, rent, transportation, household bills, recovery-related costs, or other needs.
Simple Athlete Example
Athlete Gets Injured
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Primary Health Insurance Pays Its Portion
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School Athletic Coverage May Help With Remaining Eligible Medical Costs
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Supplemental Coverage Can Still Pay Applicable Cash Benefits Directly to the Insured
What About School Athletic Insurance?
Some schools provide athletic insurance, but coverage varies by school and plan. It may be secondary to a family’s primary health insurance and may be limited to certain school-sponsored activities.
Families should understand what their school coverage includes, when it applies, and what costs may still be their responsibility.
Supplemental coverage is separate and follows its own policy terms, benefits, limitations, and exclusions.
Tax Treatment
When an individually owned supplemental health policy is paid with after-tax dollars, benefits are generally received tax-free for federal income tax purposes. Different tax treatment may apply when premiums are employer-paid or paid on a pre-tax basis.
The Big Idea
Supplemental coverage isn’t designed to replace your health insurance — it’s designed to add another layer of financial protection.
If medical costs remain, the cash can help with them. If other insurance covers those costs, applicable supplemental benefits can still be payable for covered events.
Medical insurance helps pay for the treatment. Supplemental coverage helps protect the family around it.
The Financial Gap Traditional Insurance Can Leave Behind
Traditional health insurance is designed primarily to help pay for eligible medical care. But an injury or hospital stay can affect much more than the medical bill.
Families may still face deductibles, copays, coinsurance, transportation costs, missed work, and everyday household expenses — all while normal bills continue.
Supplemental health coverage can provide cash benefits for covered events that give families flexibility to manage these financial pressures while the athlete focuses on recovery.
Where the Cash Can Help
Out-Of-Pocket Medical Costs
Deductibles, coinsurance, and copays.
Rent & Bills
Housing and utility payments kept current.
Travel for Treatment 
Transportation to appointments and hospitals
Daily Living
Food and essential household/everyday needs.
Replacing Lost Income
Support if a parent misses work.
Rehab Visits
Therapy and recovery sessions.
Types of Supplemental Health Coverage For Athletes
Accident Insurance
Accident insurance provides cash benefits for covered accidental injuries and related treatment according to a defined benefit schedule (full amount).
Common Covered Events:
Sports injuries during practice or competition
Car accidents and transportation incidents
Slips, falls, and everyday accidents
Emergency room visits related to an accident
Follow-up care from a covered accident
Benefits are paid in full according to the policy's benefit schedule, providing predictable financial support when accidents occur. 
Think: An accident happens → covered treatments or services can trigger scheduled cash benefits.
Hospital Indemnity Insurance
Hospital indemnity insurance provides cash benefits if the insured is admitted as an inpatient for over 24 hours for a covered hospital stay according to a defined benefit schedule.
Coverage Focus:
Covered hospital stays related to injury or illness
Financial impact of hospitalization
Support beyond medical treatment costs
Protection for significant health events
Time away from work, school, and athletics
The cash benefit can help families manage the financial impact surrounding a hospital stay, including everyday expenses that continue while the insured is hospitalized or recovering.
Think: A covered hospitalization happens → the policy can provide additional cash support.
Why Families May Choose Both
Accident and hospital coverage protect against different covered events. 
If a covered accident also results in a qualifying hospital event, each applicable policy may pay its own scheduled benefits, subject to its individual terms, limits, and exclusions.
The Simple Difference
Accident Insurance → Focuses on covered accidental injuries and related treatment.
Hospital Indemnity → Focuses on covered hospital events.
Want to See Exactly What Accident Coverage Pays?
Review the official Aflac Accident Advantage benefit schedule for the specific covered events, treatments, and benefit amounts available under the applicable policy.
Google Docs
Aflac Accident Advantage Coverage
Option 3 Example
Official breakdown of how Aflac’s accident coverage pays benefits
Who Can Benefit From Supplemental Coverage?
Athletes at All Levels
Youth, high school, college, recreational, and adult athletes regularly participate in activities where accidental injuries can happen.
Supplemental accident coverage can provide cash benefits for covered injuries and treatments — on or off the playing field, subject to the policy terms.
Active Individuals & Families
Accidents don't only happen during sports.
Falls, car accidents, recreational activities, and other everyday events can create unexpected medical and household expenses. Supplemental coverage can provide additional financial support when covered events occur.
Working Professionals
For families managing monthly bills, childcare, transportation, or other financial responsibilities, an injury or hospitalization can create pressure beyond the medical expenses themselves.
Cash benefits can provide additional flexibility while the household manages the disruption.
Important to Know
Supplemental coverage is not limited to sports injuries. Depending on the policy, benefits may apply to covered accidents and hospital events that happen in everyday life, not just during practices or games.
You don't have to be a professional athlete to experience the financial impact of an injury.
Claim Process & Payment
When a covered event occurs, a claim is submitted to the insurance carrier with the required documentation. The carrier reviews the claim according to the policy terms and benefit schedule, and eligible benefits are then paid.
Each claim is evaluated based on the covered events and treatments involved. Multiple eligible benefits may be payable from the same covered event or from separate covered events over time, subject to the policy's terms, limits, and exclusions.

Covered Event Occurs
A covered accident, injury, treatment, or hospital event occurs as defined by the policy.
Claim Submitted
The insured provides the required claim information and supporting documentation to the carrier.
Claim Reviewed
The carrier determines which covered benefits apply based on the policy and benefit schedule.
Cash Payment Issued
Once approved, the applicable scheduled cash benefits are paid directly to the insured, according to the policy.

Use the Cash Based on Your Needs
Because eligible benefits are paid directly to you, the money can generally be used however you choose — whether for medical costs, transportation, household bills, groceries, recovery expenses, or other financial needs.
Coverage Customization
Supplemental coverage is designed to provide families with flexible protection at a manageable cost. Rather than one plan for everyone, available benefit levels allow you to choose the amount of protection that makes sense for your household and budget.
Benefit Options
Option 1 
Lower monthly cost with lower benefit amounts.
Option 2
Higher benefit amounts with a moderate monthly cost.
 Option 3
Highest available benefit amounts for families wanting the most protection.
How Coverage Is Chosen
Coverage options are based on your everyday lifestyle and activity level, family size and responsibilities, and how much financial protection you want while staying within a budget that feels comfortable.
Most single supplemental health policies typically fall within an approximate range of $25–$65 per month per policy, depending on factors such as age, state, sport or activity risk, number of family members insured, and selected benefit amounts.
For perspective, certain Accident coverage options may be around $30 per month for an individual or approximately $60 per month for two-adult household coverage.
These are examples only. Actual rates and available options vary based on the applicant, state, policy, and coverage selected.
Choose One or Both
Families may choose Accident Insurance, Hospital Indemnity Insurance, or both. You do not have to purchase both policies.
When more than one coverage is selected, each policy pays its own applicable benefits. If the same event qualifies under both policies, benefits may stack, subject to each policy's terms, limits, and exclusions.
Covered Accident
→ Accident Insurance may pay applicable benefits.
Qualifying Hospital Event
→ Hospital Indemnity may pay applicable benefits.
Both Apply
→ Applicable benefits from both policies may be payable.
Coverage Can Help More Than Once
Coverage isn't limited to one claim. If separate covered events happen throughout the year, benefits may be paid multiple times according to the applicable policy's benefit schedule, terms, and limits.
Why Supplemental Coverage Matters
As a college athlete, I experienced firsthand how quickly an injury can change everything.
During my first year, I needed surgery for a groin injury. In the years that followed, I tore both ACLs, resulting in two additional surgeries.
The medical treatment was handled — but recovery affected much more than the medical bill. Rehabilitation, transportation, time away from athletics and school, and everyday expenses continued while I recovered.
Those experiences taught me something important: an injury can be medically covered and still create financial pressure for an athlete and their family.
That's why I believe families should understand the protection available before an injury happens — not after.
Why This Matters for Families
When an athlete gets hurt, the financial impact can extend to the entire household.
Parents may miss work. Travel and rehabilitation can increase. Deductibles and copays may appear. Normal bills continue. And depending on the athlete, school coverage or primary health insurance may not address every financial need surrounding recovery.

Why Athletes Benefit
Sports are more explosive than ever and injuries can happen at every level of competition — during games, practices, training, or everyday life.
Supplemental coverage gives athletes and families an additional layer of financial protection when a covered injury or hospital event interrupts sports, school, work, or everyday life.
What To Know About Your Coverage 
When Coverage Begins
Coverage begins according to the effective date and terms of your specific policy. Different types of coverage may have different effective dates, waiting periods, or eligibility requirements, so your policy documents will show exactly when coverage becomes effective and when benefits may be available.
Pre-Existing Conditions
Supplemental coverage is generally designed to protect against future covered events. Pre-existing conditions may be subject to specific limitations, exclusions, or waiting periods depending on the policy and state, which is why it is important to understand what is and is not covered before an event occurs.
Kepping Your Coverage
Coverage can generally continue as long as the policy remains in force and required premiums are paid, subject to the policy's renewal and termination provisions. This allows families to maintain protection over time without purchasing new coverage after every season or school year.
Coverage That Stays With You
Individually owned supplemental coverage is generally not tied to a specific school, team, or employer. Subject to the policy's terms and availability, coverage may continue through school transitions, job changes, or moves, helping provide consistency as circumstances change.
Next Steps: How to Enroll
Securing supplemental health coverage for athletes is a straightforward process designed to guide families through available options. This coverage is offered through Aflac, a reputable supplemental insurance carrier with an A+ (Superior) financial strength rating from AM Best. NIL Wealth Strategies is here to assist athletes and their families in understanding these options and initiating enrollment, while the insurance carrier manages the application, eligibility, policy issuance, benefits, and claims processes.
View Your Coverage Options
Begin by selecting "View Coverage Options" on the Supplemental Health page and completing a short form. This crucial first step helps us understand your specific needs, allowing us to guide you toward the most suitable options that align with your budget and requirements.
Complete Your Secure Application
Once you're ready to proceed, you'll gain access to the official electronic application via the NIL Wealth Strategies Enrollment Portal. Adults can complete their own applications, while parents or legal guardians can manage the enrollment process for eligible minors, ensuring compliance and accuracy.
Review Coverage & Pricing
Before final enrollment, you will have the opportunity to thoroughly review all available coverage options, benefit levels, eligibility criteria, and the precise premium for your unique situation. Please note that pricing and coverage availability can vary based on factors such as the chosen policy, applicant details, household composition, and state regulations.
Coverage Becomes Effective
After your application is completed and any necessary carrier review is finalized, approved coverage will become effective on the date specified in your policy. Subsequently, covered benefits will be accessible in accordance with the policy's terms, benefit schedule, defined limitations, and exclusions.
Managing Your Coverage
With active coverage, policyholders can utilize the carrier's dedicated services to manage their policy, access resources, and submit eligible claims. It is important to remember that the definitive details of your coverage are always determined by the official insurance policy issued by the carrier.