The Iowa Farm Bureau Health Plan (FBHP) has announced that rates will remain flat for 2022. This will be the second straight year that rates haven’t risen and, in fact, have declined over that time. 

Now headed into its fourth year, the plan continues to grow, and the rates remaining steady reflects good plan experience, says Steve Kammeyer, vice president of FBHP. 

“This plan continues to work well for thousands of Iowans. It’s providing quality care and saving Iowans as much as 50% on their health coverage costs,” said Kammeyer. “Coming on the heels of last year’s rate reductions, this is tremendous news for our members, and we are pleased to be able to help pass along the good experience of the plan to our members by leaving rates steady for 2022. 

“The plan remains a great fit for those who may not qualify for ACA subsidies or don’t have access to affordable group coverage,” he added. 

The Iowa Farm Bureau launched its health benefit plan in 2018, at a time when nearly 30,000 Iowans were uninsured due to unaffordable healthcare costs and families saw premiums and deductibles grow by up to 300%. 

Comprehensive benefits

The plan offers comprehensive benefits and a broad provider network, and is administered by Wellmark Administrators Inc. It has been a great fit for many different Iowans, ranging from young couples just starting families to older Iowans who need coverage before they reach Medicare eligibility. Self-employed Iowans and young adults have also found the plan to be a good option. 

The Farm Bureau Health Plan helped Drew and Shannon Dietz of Nashua in Chickasaw County make the decision to both work on the farm as they start to plan a family. “My passion has really been working here on the farm, and this coverage helped us do that,” Shannon said. Until they enrolled in FBHP, Shannon worked a job off the farm, in large part to maintain health coverage for their family. The young couple, who recently had their first child, is very happy with the Farm Bureau plan. 

“It’s really working out well for us,” Shannon said.

Unlike many other health plans in the market with a short enrollment window, the FBHP offers year-round enrollment. 

The three different plan options all provide comprehensive coverage including maternity, mental health and chemical dependency, prescription drugs and no-cost preventive benefits to members. The plans all have a lifetime maximum benefit of $3 million per individual. 

For more information, contact a Farm Bureau agent or authorized independent agent, or go to www.IowaFBhealthplan.com. To be eligible, applicants must be an Iowa Farm Bureau member living in the state and not enrolled in Medicare or Medicaid.