Iowa Farm Bureau unveils health care plans
According to the company, the Farm Bureau Health Plan will be administered by
All three plans will provide comprehensive coverage including maternity, mental health and substance abuse, prescription drugs and no-cost preventive benefits to members -- although there are some exclusions. To be eligible, prospective clients seeking coverage when the application period begins
The health benefit plan concept was made possible through legislation passed last session by the
Senate File 2349 -- which sponsors say was in response to the "collapse" of the Affordable Care Act exchange market in
Backers called the approach a "test model" for thousands of Iowans facing skyrocketing individual health premiums that don't qualify for ACA subsidies, but critics worried the sale of less-regulated health care plans might create a false hope for Iowans who sign up for the benefits only to find out the plan will not cover many of the major health problems addressed by conventional insurance.
The plan designs will look similar to current ACA compliant plans in the market, with three primary exceptions, according to the
"According to our membership survey, health care coverage is the number one concern facing our members," said
At the time of the bill signing last April, Hill said the legislation would not diminish or impact Iowans receiving ACA-subsidized coverage, but it would provide an opportunity to create coverage for Iowans who don't qualify for the ACA subsidy or have been forced out of the market by exorbitant premiums.
The plans will not comply with federal Affordable Care Act rules and will not be under the regulation of the Iowa Insurance Commissioner.
More plan details are available at IowaFBHealthPlan.com.
l Comments: (515) 243-7220; [email protected]
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