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The Iowa Farm Bureau’s new “Health Benefit Plans” will go on sale November 1st, reports Radio Iowa.  A state law approved this past spring authorized the Farm Bureau to sell what some call “skinny insurance plans,” even though the plans are not actually considered insurance.  Premiums  are lower because the plans limit the total lifetime payout to $3 million per person, and will allow the underwriter, Wellmark, to deny coverage for pre-existing conditions. 

The policies are aimed at Farm Bureau members who don’t have access to employer-sponsored health insurance and can not longer afford independent insurance coverage, reports the Gazette.  All hospitals and 97% of physicians in Iowa will accept the Farm Bureau Health Plan, which will be offered in three different designs: two traditional plans with copays, coinsurance and deductibles, and a third high-deductible plan with an option to fund a Health Savings Account.