Major insurance companies got out of the individual health insurance business in 2017. The following year, the Minnesota Legislature authorized the creation of independent health care cooperatives and Land O’Lakes and 40 Square Cooperative Solutions came into the market. Land O’Lakes is dropping its farmer health plan in 2021, but 40 Square will continue to be an option for Minnesota farmers. 40 Square Cooperative Solutions Executive Director Char Vrieze said there is immense need for this coverage. Risk is a daily part of farming. One way to offset risk is with health insurance. “It is also a component if you want to turn your business over to the next generation; it’s very difficult for young farmers to get into the industry. One of the barriers is health coverage.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.