When Indiana Farm Bureau set out to provide members with healthcare coverage, the major goal was to make it more affordable than what was currently available to farmers on the Affordable Care Act exchange. Indiana Farm Bureau Health Plans, which launched on Oct. 1, do just that.
Indiana Farm Bureau Health Plans can provide significant savings for Farm Bureau members, with some saving up to 70% per month — when compared to non-subsidized ACA plans.
“INFB Health Plans were designed to suit just about every healthcare need,” said Patrick Williams, INFB Health Plans manager. “Although coverage options and rates vary due to individual circumstances, INFB Health Plans provide significant savings across the board.”
INFB Health Plans offers four Traditional Plans — Advance Choice, Classic Choice, Major Medical and a High Deductible Health Plan (HSA-qualified). The plans also include Medicare Supplement Insurance Plans and dental and vision coverage.
INFB developed the scenarios below to illustrate the savings members can expect with INFB Health Plans, both for a family and individuals.
Family Plan: a family of four with INFB Health Plans Advanced Choice's preferred rate will save $783.52 per month or 58% when compared to CareSource Gold. The same family with INFB Health Plans Advanced Choice's basic rate will save $794.85 per month or 50% when compared to CareSource Gold.
Individual Plan: a 35-year-old female with INFB Health Plans Classic Choice will save $76.91 per month or 46% when compared to CareSource Silver. In addition, a 55-year-old male with INFB Health Plans Classic Choice will save $196.75 per month or 57% when compared to CareSource Silver.
Applicants must be members of INFB for at least 30 days in order to apply for Traditional Plans and dental and vision coverage. Medicare Supplement Insurance Plans do not require the 30-day waiting period.
INFB Health Plans function like any other traditional health benefit plan. Plans will include premiums and deductibles. Coverage will begin on Jan. 1. Once a member is accepted, coverage cannot be denied as long as premiums are paid and he or she continues to be an INFB member.
The INFB Health Plans website is live — infb.org/infbhealthplans — allowing members to view rates and plans, receive real-time quotes and begin applying for health benefits.
For more information on INFB Health Plans, or to apply, visit infb.org/infbhealthplans, call 888-964-0854 or visit your local Indiana Farm Bureau Insurance office.
To become an INFB member, visit www.infb.org.
Brady Hagerty is public relations manager-public policy at Indiana Farm Bureau.