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4 Reasons Why it will benefit you to buy High Levels of Crop Insurance in 2023 (and how to do it)
Visit the FSA office to decide if you want
ARC or PLC.
You have an option or choosing coverage with their MPCI policy of ECO (Enhanced Coverage Option) or SCO (Supplemental Coverage Option).
*ECO provides an additional band of coverage all the way up to 95%!*
Get the basics on ECO in this short VIDEO, and make sure to check in with one of our Agents about this exciting new protection option!
CONTACT US TODAY at 1-800-688-9854
USDA announces a new initiative called "Pandemic Assistance for Producers" to bring financial assistance to a broader set of farmers, ranchers and producers who felt the impact of COVID-19 market disruptions.
>> ISU Extension <<
Ag Decision Maker
(Monthly e-newsletter & Webinars, Videos, Farm Outlook, Information Files, Decision Tools, Iowa Commodity Challenge, Iowa ARC/PLC Payment Estimator)
>> University of Illinois Extension <<
(ARC/PLC Payment “What If” Tool)
>> Texas A & M <<
(ARC/PLC Decision Tool)
>> USDA Farm Service Agency <<
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance Division
Open enrollment for purchasing a new or changing an existing Affordable Care Act (ACA) individual health insurance policy runs November 1 - January 15, 2023. For coverage to be effective by January 1, 2023, a person will need to sign up by December 15, 2022. Persons who sign up between December 16th and January 15th wil have coverage effective February 1, 2023.
Before purchasing any health insurance, knowing some basic health insurance terms will assist in determining the best option. Consider the type of plans being offered. A health maintenance organization (HMO) may limit access to in-network doctors, providers, and hospitals. It’s important to know that HMOs may not have access to out-of-network providers. A preferred provider organization (PPO) has in-network doctors, providers, and hospitals, and also may have access to out-of-network providers. A point-of-sale (POS) plan charges less to see doctors in their network and requires a referral from a primary care doctor to see a specialist.
Before visiting any medical provider, call the health insurance company to ensure the provider is in-network. Out-of-network providers will cost more or may not be reimbursed by insurance. Also, obtain insurance authorizations before procedures and ask for an estimate of the out-of-pocket cost.
Depending on the healthcare plan, costs may include monthly premiums and out- of-pocket costs such as deductibles, copayments, and coinsurance expenses. Out-of-pocket costs are often capped at a certain amount annually.
Premiums are the amount paid for health insurance coverage. Higher premiums may mean lower deductibles and coinsurance, and lower premiums may have higher deductibles and coinsurance. It’s important to look at the overall cost for anticipated coverage needs rather than just looking at the premium.
A deductible is the amount owed before health insurance coverage starts to pay. A high deductible plan may be combined with a Health Savings Account (HSA) which allows payment for qualified medical expenses with tax-free money. For 2022 the IRS defines a high deductible plan as any plan with a deductible of at least $1,400 for an individual or $2,800 for a family.
A copayment or copay is a fixed amount for health care services; for example paying $15 for a doctor visit.. A copayment may be applied toward the deductible. Depending on the plan, if the deductible has not been met for the plan year, the full amount for a visit to the doctor may be billed to you.
Coinsurance is a percentage paid for medical services plus any deductible owed. For example, if a specialist recommends surgery, a person may pay a percentage of the cost of the surgery as coinsurance.
For persons eligible for Medicare, they should know that Medicare drug coverage and Medicare Advantage plans have open enrollment periods every year. The Medicare drug coverage, also called Medicare Part D, open enrollment is from October 15 - December 7, and Medicare Advantage open enrollment is from January 1 – March 31. When switching any healthcare plan, contact the company to cancel the previous plan. Always check monthly financial statements to ensure canceled premiums are not withdrawn, and if you find an error, contact the health insurance company immediately.
Disclaimer: We do not offer every Part D plan available in your area. Currently we represent three organizations which offer (9) Part D plans in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local state Health Insurance Program to get information on all of your options.
Auto, home, life – count on us to work hard to give you a competitive quote that includes all the discounts for which you qualify.
Associated Insurance Counselors has been providing insurance to families, individuals, and businesses since 1995. We are an independent agency, which means we work for you.