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About Farm Bureau Health Plans
Farm Bureau Health Plans was started in 1947 under the name Tennessee Rural Health, created to offer health insurance options to families that were affordable and accessible. It was created by the Tennessee Farm Bureau, which has been in operation since 1921 and writes a variety of insurance plans including home insurance, auto insurance, and health insurance.
In 2015, Tennessee Rural Health was changed to Farm Bureau Health Plans; they are the largest private health insurance provider in the state. They write several types of individual major medical plans, and they also offer supplemental health. Among those policies are a few options for those who qualify for Medicare.
Farm Bureau Health Plans products are only offered to residents of the state of Tennessee, and they have local branches in every county. The headquarters is located in Columbia, Tennessee.
Farm Bureau Medicare Plans
Farm Bureau does not write Medicare Advantage, but they do offer a good selection of Medicare Supplement as well as Part D plans.
Farm Bureau writes eight of the eleven available letter-coded standard Medicare Supplement plans. That is a good selection of option compared with other companies, ranging from the most basic to complete, comprehensive coverage.
Like all companies offering Supplement coverage, they offer the base Plan A, which pays for all Medicare coinsurance amounts as well as covering the first three pints of blood each year.
Also available are Plans B, C, D, F, G, M, and N. There is no indication on the website as to whether or not the high deductible version of plan F is offered. Plan F is the highest level of coverage available and is often offered with a high deductible option to make it more affordable.
Farm Bureau offers two Part D prescription drug plans at two price points.
The Select Rx Plan is a $0 deductible plan with copays starting at $1 for Tier 1 preferred generics, $4 for other generics.
The Essential Rx plan has a $405 deductible, and copays start at $1 again for preferred generics, with other generics at $5. This plan has a lower monthly premium in return for the deductible.
Dental and Vision
The DentalVision +65 plan is a combined dental and vision care plan offered by Farm Bureau to help pay out of pocket costs not covered by Medicare. Dental coverage is administered by Delta Dental, and vision coverage by VSP, both leaders in their respective fields.
There is a $100 deductible on the dental plan and no deductible for vision. Coverage is provided for routine exams and common dental care needs, as well as for prescription eyeglasses and contacts. Both plans have a statewide provider network.
Part D prescription drug coverage rates are listed on the website, with the zero deductible plan at $74.40 a month and the deductible plan at $46.60 a month.
The DentalVision +65 plan has a monthly rate of $39.75 a month.
While these rates were readily available, the cost of the Medicare Supplement plans was not listed anywhere. The rates we did find are reasonable for the coverage offered, so we would expect the supplement plans to also fall in the affordable range. We are unable to compare these rates outside of Tennessee but what we did see compares favorably to other states.
As with most such plans, claims are handled directly through the provider, so most policyholders will never have to deal with a claim.
Out-of-network claims, however, may need to be filed, and the claims forms are readily available on the website. Customers can call the toll-free customer service line for assistance.
Ratings and Consumer Reviews
Farm Bureau Health Plans has an A+ rating with the Better Business Bureau (BBB). They have been accredited since 2008 and have zero complaints and reviews listed.
We were unable to find much in the way of reviews for Farm Bureau Health Plans. A lack of reviews usually equates to a lack of complaints, and that is a good thing for an insurance company. In this case, the limited region of coverage and size of the company likely contribute, but it is still usually a positive sign.
Farm Bureau is well respected overall and generally has a good reputation for all of its services, so we expect to see that carry over to the health plans segment of their business.
The Bottom Line
Farm Bureau Health Plans is a good pick for Tennessee residents who need to supplement their Medicare coverage. They have a good reputation and have a good selection of plans, the rates we found are all very reasonable, and they are a homegrown company focused on the needs of local residents.
For a list of companies that we recommend, visit our Best Insurance Companies page.