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Health Insurance Agent Quotes - What's in the new Farm Bureau health insurance plan?

Health Insurance Agent Quotes - What's in the new Farm Bureau health insurance plan?

DES MOINES - There are now more details about the Iowa Farm Bureau's health insurance program, and applications will begin becoming available to members starting next month.

The Farm Bureau released new information about the health insurance plans on Wednesday. The Farm Bureau Health Plan will offer three different plan designs, including two traditional plans with copays, coinsurance, and deductibles. The third plan is a high deductible health plan that offers members the opportunity to fund a Health Savings Account (HSA).

All three plans will provide comprehensive coverage including maternity, mental health and substance abuse, prescription drugs, and no-cost preventive benefits to members. To be eligible, applicants must be an Iowa Farm Bureau member living in the state, and not eligible for Medicare, Medicaid, or an employer group health plan. The rates for the options haven't been released to the public yet. 

During the 2018 legislative session, the Iowa legislature passed a law, signed by Governor Reynolds, which enabled the Iowa Farm Bureau Federation (IFBF) to provide an underwritten health benefit plan to its members. Farm Bureau Health Benefit Plan, LLC, a wholly-owned subsidiary of the Iowa Farm Bureau Federation, will provide these plans.

Farm Bureau Health Plan will be administered by Wellmark Administrators, Inc., which includes 100 percent of hospitals and 97 percent of the physicians in Iowa. The Iowa Farm Bureau, a century-strong organization with offices and membership in every county in Iowa, has a long-standing partnership with Wellm

 source : https://www.weareiowa.com/news/local-news/what-s-in-the-new-farm-bureau-health-insurance-plan-/1497840115

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