Farm Bureau Health Insurance: Everything You Need to Know

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As the cost of healthcare continues to rise in the United States, more and more people are turning to insurance companies to help cover their medical expenses. Farm Bureau Health Insurance is one such company that provides health insurance plans to individuals, families, and businesses. In this article, we will take a closer look at Farm Bureau Health Insurance, its plans, benefits, and everything else you need to know.

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What is Farm Bureau Health Insurance?

Farm Bureau Health Insurance is a subsidiary of Farm Bureau Financial Services, a multi-line insurance company that offers a range of insurance products and services to its customers. The company was founded in 1939 to serve the insurance needs of farmers, ranchers, and rural residents in the Midwest. Today, Farm Bureau Health Insurance provides health insurance plans to individuals and families in 15 states across the country.

States Served by Farm Bureau Health Insurance:

State
Number of Counties Served
Iowa
100
Nebraska
93
Kansas
100
South Dakota
66
North Dakota
49
Minnesota
87
Missouri
114
Illinois
102
Wisconsin
72
Indiana
92
Idaho
44
Colorado
64
Utah
29
Arizona
15
Wyoming
23

As you can see, Farm Bureau Health Insurance primarily serves states located in the Midwest and West regions of the United States.

Now that we know what Farm Bureau Health Insurance is, let’s take a closer look at its health insurance plans and benefits.

Farm Bureau Health Insurance Plans

Farm Bureau Health Insurance offers a range of health insurance plans to meet the needs of individuals, families, and businesses. Let’s take a closer look at each of these plans.

Individual and Family Health Insurance Plans

Farm Bureau Health Insurance offers several individual and family health insurance plans that provide coverage for a range of medical services, including:

  • Doctor visits
  • Hospital stays
  • Prescription drugs
  • Diagnostic tests
  • Emergency care
  • And more

These plans come with different deductible and coinsurance options, allowing you to choose the plan that best fits your budget and healthcare needs.

Deductible and Coinsurance

A deductible is the amount you pay out-of-pocket for covered medical expenses before your insurance coverage begins. Coinsurance is the percentage of the cost of covered services that you are responsible for paying after you have met your deductible. For example, if your coinsurance is 20%, you would be responsible for paying 20% of the cost of covered services, and your insurance company would pay the remaining 80%.

Health Savings Account (HSA)

Farm Bureau Health Insurance also offers health plans that come with a Health Savings Account (HSA). An HSA is a tax-advantaged savings account that allows people with high-deductible health plans to save money for medical expenses. Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free. If you do not use all of the money in your HSA by the end of the year, it rolls over to the next year.

Group Health Insurance Plans

In addition to individual and family health insurance plans, Farm Bureau Health Insurance also offers group health insurance plans for businesses. These plans provide coverage for employees and their families and come with a range of deductible and coinsurance options.

Group health insurance plans can be a great way for businesses to attract and retain employees while providing valuable healthcare benefits.

Frequently Asked Questions

What is the cost of Farm Bureau Health Insurance?

The cost of Farm Bureau Health Insurance varies depending on the plan you choose, your age, your location, and other factors. To get an accurate quote, you will need to contact Farm Bureau Health Insurance directly.

Does Farm Bureau Health Insurance cover pre-existing conditions?

Farm Bureau Health Insurance covers some pre-existing conditions, but the specifics depend on the plan you choose. It’s essential to read the policy carefully and ask any questions you may have before purchasing a plan.

Is Farm Bureau Health Insurance available in all states?

No, Farm Bureau Health Insurance is only available in 15 states. These states are Iowa, Nebraska, Kansas, South Dakota, North Dakota, Minnesota, Missouri, Illinois, Wisconsin, Indiana, Idaho, Colorado, Utah, Arizona, and Wyoming.

What is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a tax-advantaged savings account that allows people with high-deductible health plans to save money for medical expenses. Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free.

Can I enroll in Farm Bureau Health Insurance outside of open enrollment?

If you miss the open enrollment period, you may still be able to enroll in Farm Bureau Health Insurance if you qualify for a Special Enrollment Period. Qualifying events include losing your job-based coverage, getting married or divorced, having or adopting a child, and moving to a new area with different health insurance options.

Conclusion

Farm Bureau Health Insurance is a reputable insurance company that provides health insurance plans to individuals, families, and businesses in 15 states across the country. With a range of plans and benefits, including Health Savings Accounts, Farm Bureau Health Insurance is a great option for anyone looking for affordable and reliable health insurance coverage. Contact Farm Bureau Health Insurance today to learn more about its plans and get a quote.

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