News about Indiana Farm Bureau Health Plans
Members with individual or family plans, dental and vision plans, or Medicare Supplement Insurance Plans are taking advantage of their health benefits. That’s because coverage with Indiana Farm Bureau (INFB) Health Plans took effect on Jan. 1, 2021.
To address the growing need among Hoosiers, especially those who are sole proprietors, INFB Health Plans has seen a steady flow of applications since its launch in Oct. 2020. As of Jan. 27, INFB Health Plans received 1,718 applications.
How much are members saving with INFB Health Plans?
On average, when compared to non-subsidized Affordable Care Act plans, INFB members are finding that individual plans are 30-50% less and family plans are 50-70% less.
Gene Ferguson from Hancock County, INFB Health Plans’ first covered member, recently shared how much he’ll be saving and his experience with applying.
“After retiring and purchasing health coverage on the marketplace, my premiums were consistently getting more expensive, around a 40% increase year over year,” said Ferguson, retired entrepreneur and small business owner. “When I learned about INFB Health Plans and began the process of applying, I was blown away not only by the savings but with how easy the process was. With INFB Health Plans, I’ll be saving 50% per month compared to the marketplace.
“For members who are self-employed or a sole proprietor, INFB Health Plans is a no brainer,” added Ferguson.
Will INFB Health Plans cover the COVID-19 vaccine?
INFB Health Plans recently announced that it would pay for 100 percent of the cost of the COVID-19 vaccine for members who are covered by individual and family plans. Medicare is currently paying the cost of the vaccine for all Medicare-eligible individuals.
INFB Health Plans will cover both rounds of the vaccines and will cover the cost for both in-network and out-of-network providers.
How do I sign up for INFB Health Plans?
In order to apply for INFB Health Plans, interested individuals must be INFB members and new members must wait 30 days from the start of their membership before applying for the Traditional Plans or dental and vision coverage. Medicare Supplement Insurance Plans do not require the 30-day waiting period.
There is no official open enrollment period for INFB Health Plans, so members can apply and receive coverage anytime during the year.
For more information on INFB Health Plans, visit our website. The website contains additional information about each plan and what makes INFB Health Plans different.
Call 1-888-964-0854 to get a comparison on the plans over the phone or you can call an agent at your local Indiana Farm Bureau Insurance office today.