Frequently Asked Questions

Top 4 Questions

Who is eligible to be a 40 Square Co-op Member?

According to law, you must be considered an “employer” with at least one common law employee. The employer must actively work in production agriculture in Minnesota and file either Form 1065 or Schedule F with their income tax return, or provide direct services to production agriculture in Minnesota (this includes farm corporations, as well as small agribusinesses who predominately receive a majority of their income from services provided to production agriculture).

What will the cost of my premium be?

Premium rates are dependent on a combination of factors such as age, ZIP code, medical background and plan choice. During the open enrollment period, you can receive a quote online or by working through a 40 Square agent partner. Outside of open enrollment, you can receive a quote by contacting us at 1-844-205-9579.

How can I find an in-network doctor or clinic? Is my doctor covered?

Search the PreferredOne network  to find doctors, a clinic, or see if your doctor is listed as an in-network provider.

What medical provider network will I have?

PreferredOne is the broad network in Minnesota. MultiPlan is the national provider network.

40 Square Cooperative Solutions' Questions

Who is eligible to be a 40 Square Co-op Member?

According to law, you must be considered an “employer” with at least one common law employee. The employer must actively work in production agriculture in Minnesota and file either Form 1065 or Schedule F with their income tax return, or provide direct services to production agriculture in Minnesota (this includes farm corporations, as well as small agribusinesses who predominately receive a majority of their income from services provided to production agriculture).

I already belong to a co-op. Do I have to join this one?

Yes. To be eligible for the medical coverage offered by the 40 Square Health Plan Trust, you must first become a member of the 40 Square Cooperative Solutions cooperative.

What are the costs for joining the co-op?

You must purchase Voting Stock up-front, one-time, in an amount of $100 and Common Stock in the amount of $1,000. The Common Stock purchase can either be paid at once or paid over the first 10 months of membership.

Are my employees required to join the co-op?

No. Membership to the co-op is at the employer level. Employees will not have to join the co-op.

40 Square Health Plan Questions

Who is eligible to enroll in the 40 Square health plan?

Persons must be employed by an employer who is a member of the 40 Square Cooperative Solutions’ co-op and meet the 40 Square health plan eligibility rules.

When can I sign up?

Outside of open enrollment, a qualifying event such as, marriage, divorce, a spouse’s open enrollment (this is not a complete list) is required to enroll mid-year. Open enrollment for coverage year 2019 will be November 1 through December 19, 2018.

When does coverage start?

Coverage for those who enrolled during the open enrollment period begins January 1, 2019. For those who enroll mid-year due to a qualifying event, coverage will begin the month following enrollment.

Will I get an insurance card?

Yes, medical ID cards will be mailed directly to your home.

What medical provider network will I have?

PreferredOne is the broad network in Minnesota. MultiPlan is the national provider network

How can I find an in-network doctor or clinic?

Is my doctor covered? Visit 40Square.coop and click “Plan Participants” then click “Provider Network” to search for doctors, a clinic, or see if your doctor is listed as an in-network provider.

What is covered under the plan? What will I have to pay out of pocket?

Please refer to the Health Plan summaries handout. Review the Health Plan Summary.

Are prescriptions covered?

Yes, prescription drug coverage, through MedTrakRx, as part of all offered health plans.

What will the cost of my premium be?

Premium rates are dependent on a combination of several factors such as age, zip code, medical background, and plan choice. During the open enrollment period, you can receive a quote on our website at www.40Square.coop. Outside of open enrollment, you can receive a quote by contacting us at 1-844-205-9579.

Do I have to pay for my employees or do they pay their own premiums?

The employer is responsible for making payment of premiums for all persons covered through the employer to the health plan. The monthly payments will be paid through an ACH (a.k.a: electronic account draft). The employer is responsible for determining the cost-split of the employer share and employee share, if there is one. There is no requirement for employers to cost-share premiums with their employees under the 40 Square plans.

As an employer, how long must I offer the health plan?

There is a three-consecutive year commitment requirement. If you terminate the health plan offering prior to the end of the three- year commitment, 40 Square Cooperative Solutions may retain all or a portion of your Common Stock purchase, at the discretion of the board.

As an employee, can I cancel my coverage if I don’t like it?

Open enrollment happens once per year and allows you to make changes at that time without a qualifying event. Outside of open enrollment, a qualifying event such as, marriage, divorce, a spouse’s open enrollment (this is not a complete list) is required to enroll or make a change mid-year for eligible employees.

As an employee, can I cancel my coverage if I don’t like it?

Open enrollment happens once per year and allows you to make changes at that time without a qualifying event. Outside of open enrollment, a qualifying event such as, marriage, divorce, a spouse’s open enrollment (this is not a complete list) is required to enroll or make a change mid-year for eligible employees.

Are these offerings Medicare eligible plans?

No, however, future offerings of the cooperative will be determined by the plan board.

Who do I call if I have questions about enrollment?

Minnesota licensed insurance agents are available regionally throughout Minnesota by phone or in-person. To find an agent, click here.

Contact 40 Square at 844-205-9579 or reach us by email at info@40Square.coop

Who do I call when I have questions after I enroll?

Once enrolled, you will receive your ID card, which will outline many helpful resources outlined on the back of the card, including the Health Plan Member Customer Service line at 1-877-314-9737. You can always call 40 Square Cooperative Solutions toll-free at 1-844-205-9579 or reach us by email at info@40Square.coop.

 

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How do I get updated information as it becomes available?

Visit www.40Square.coop and under “Resources” tab click “Contact”. You can also send your contact information to info@40Square.coop.

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