is farm bureau health insurance aca compliant
Best answer
FarmBureaustill pays some state and federal taxes, including the ACA鈥?strong>shealthinsurancetax, on all of its individual plans. And because its traditional plans aren鈥檛 compliantwith Obamacare, those customers do have to pay the federal tax penalty if they forego healthinsurancethrough the ACA.
People also ask
What is a Farm Bureau Health Plan?
In some states, the local Farm Bureau offers health plans to individuals or small groups as an alternative to Affordable Care Act (ACA)-compliant health coverage. The specifics of these plans vary across the states where they’re available, but they tend to be less expensive than ACA-compliant plans.
Does Farm Bureau have health insurance in Tennessee?
Tennessee’s Farm Bureau health plans predate the ACA, but the other five states have passed laws within the last few years that specifically allow Farm Bureau to offer medically underwritten health coverage that’s not considered health insurance under state rules. In all of these states, enrollment in the Farm Bureau plans is available year-round.
Is Farm Bureau insurance guaranteed-issue in Georgia and Ohio?
The Farm Bureau coverage is guaranteed-issue in both Georgia and Ohio, but the premium can be based on the group’s overall medical history. The ACA allows large group health insurance to work this way, but ACA-compliant small group health coverage (up to 50 employees in most states) cannot use a group’s medical history to determine premiums.
What states have Farm Bureau health insurance?
This is the case in Tennessee, Iowa, Kansas, and Indiana. Tennessee’s Farm Bureau health plans predate the ACA, but the other three states have passed laws within the last few years that specifically allow Farm Bureau to offer medically underwritten health coverage that’s not considered health insurance under state rules.