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?
|Conference||2021 Extension Risk Management Education National Conference|
|Presentation Type||30-Minute Concurrent|