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Health Care Insurance Options for Farm Business Operations (FS-2024-0706)

Jesse Ketterman, Paul Goeringer, Maria Pippidis and, Nate Bruce (October, 2024)

Summary

This publication examines health insurance options available to farm owners, families, and employees. It discusses the financial and operational considerations of providing coverage, including insurance costs, business structure, employee recruitment and retention, and risk management. The article also explores employer-sponsored insurance, Health Reimbursement Arrangements (HRAs), and other coverage options, providing tools to compare plans and evaluate expenses. Ultimately, it emphasizes the importance of selecting affordable health insurance that protects employees while supporting the long-term financial stability of farm operations.