Conferences
Health Insurance Options for Farmers and Small Business Owners
Jesse Ketterman and Maria Pippidis
Summary
Health insurance plays an important role in managing human risk as it relates to health for farm audiences. Not having insurance can be a financial source of stress among farmers and small business owners. A USDA AFRI study found that 64% of farmers were not confident they could pay the costs of a major illness or injury; 53% were concerned they would have to sell their farm assets to pay for health costs. Of participating farmers, 74% said health insurance was a way to manage their health costs risks (Inwood et al, 2018). According to the National Farmer and Rancher Survey (Becot & Inwood, 2017), over half of the farm households are not at all or slightly confident they could pay for the costs of a major illness or injury without going into debt indicating that health insurance is connected to the vitality of the farm.
This session will review the content and outcomes of a workshop that explores health insurance options for farmers and small business owners. Issues discussed include: Why you need to plan for health care? What options farmers and small business owners have for health insurance coverage? And, how to select a health insurance plan that meets your needs?
Presentation Materials
Details
| Conference | 2021 Extension Risk Management Education National Conference |
| Presentation Type | 30-Minute Concurrent |