High-Deductible Plans (HDHP) for Farm Bureau Members

A high-deductible plan offers sound, affordable coverage that features low out-of-pocket costs. Used in combination with a Health Savings Account (HSA), these plans are designed to help you maximize your dollars and minimize your health care expenses. 

SelectBlue HDHP HSA-Eligible Health Plans

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A SelectBlue three-tier high-deductible health plan will provide you with key coverage in exchange for a lower monthly premium. You’ll also have the opportunity to invest the money you’ll save, tax free, in a health savings account.

In addition to an in-network tier and an out-of-network tier, SelectBlue offers the option of a second in-network tier (called Select BlueChoice), which includes all the advantages of an in-network tier as well as lower deductibles, coinsurance and copays. When SelectBlue members use any of the contracted physicians and surgeons from The Nebraska Medical Center and Nebraska Methodist Health System, they receive Select In-Network (Tier I) benefits. 

Because of this unique collaboration, these plans are available only to Nebraska residents residing in the following counties: Burt, Cass, Dodge, Douglas, Otoe, Sarpy, Saunders and Washington.

Deductibles in the Select In-Network tier start at $1,500 for singles ($3,000 for families). Maternity benefits can be added.

BlueEssentials High-Deductible, HSA-Eligible Health Plans

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A BlueEssentials high-deductible health plan will provide you with key coverage in exchange for a lower monthly premium. In addition, you’ll have the opportunity to invest the money you’ll save, tax free, in a health savings account.

Deductibles start at $1,500 for singles ($3,000 for families). Maternity benefits can be added.

BlueEssentials Choice High-Deductible, HSA-Eligible Health Plans

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If you're comfortable increasing your out-of-pocket expenses to lower your monthly premium, consider whether a BlueEssentials Choice High-Deductible, HSA-Eligible plan is right for you. This plan is appropriate if your medical expenses are typically limited to preventive care and/or you're currently without coverage and need to protect yourself against the costs related to catastrophic illness and injury.

Deductibles start at $1,500 for singles ($3,000 for families). Maternity benefits can be added.

If you have any questions or would like additional information, call your Farm Bureau agent.

HEALTH INSURANCE TERMS

Affordable Care act

The Affordable Care Act (ACA), sometimes called Obamacare, is a federal law designed to make health care more affordable, accessible and of higher quality.

COINSURANCE

The percentage of the bill you pay after your deductible has been met.

COPAY

A fixed amount you pay when you get a covered health service.

DEDUCTIBLE

The annual amount you pay for covered health services before your insurance begins to pay.

emergency care services

Any covered services received in a hospital emergency room setting.

health insurance marketplace (exchange)

The government Website (healthcare.gov) where you can purchase health insurance and see if you qualify for a tax credit (subsidy) to help pay premiums and out-of-pocket costs. 

in-network provider

A provider contracted by your insurance company to accept an agreed upon payment for covered services. 

OUT-OF-network provider

A term for providers that aren’t contracting with your insurance company. (Your out-of-pocket costs will tend to be more expensive if you go to an out-of-network provider.)

out-of-pocket

Your expenses for medical care that aren’t reimbursed by insurance, including deductibles, coinsurance and co-payments.

penalty

If you can afford health insurance, but choose not to buy it, you must have a health coverage exemption or pay a tax penalty on your federal income tax return.

premium

The amount you pay to your health insurance company each month. 


Preventive services

Health care services that focus on the prevention of disease and health maintenance.

rehab SERVICES

Services and devices to help you recover if you are injured or have surgery. This includes physical, occupational and speech therapy.

special enrollment period

The time after the Open Enrollment Period when you can still purchase health insurance only if you have a qualifying life event (losing other health coverage, having a baby, getting married, moving).

specialist

A physician who has a majority of his or her practice in fields other than internal or general medicine, obstetrics/gynecology, pediatrics or family practice.

SUBSTANCE ABUSE DISORDER SERVICES

Includes behavioral health treatment, counseling, and psychotherapy.

tax credit

Financial assistance from the government that helps those who are eligible pay for health insurance. Eligibility is generally determined by household income and family size.

Tiered benefit plan

A health care plan featuring multiple levels of benefits based on the network status of a particular provider.