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Note: Georgia Organics has not been paid to promote this product, but we are doing so because it has been recommended by some of our growers.

Supplemental insurance options, such as Accident Insurance offered by Peachtree Heritage Group, can be useful tools in managing unexpected costs related to a health incident.

These insurance plans are popular among young and beginning farmers because of their ability to meet farmers needs and help absorb unexpected medical costs with a low monthly premium.

An accident insurance plan at an elite, preferred or standard level can be purchased and cover costs such as

  • ER visits
  • X-ray and other diagnostics scans
  • Ambulance transportation
  • Hospitalization
  • Surgery (including Laceration/ puncture wound repair)
  • Observation room benefits
  • Physical Therapy
  • Fracture and dislocation benefits
  • Concussion and Coma benefits
  • Limb dismemberment
  • Accidental death
  • Family lodging benefit
  • Family education benefit

Monthly premiums start at just $16.00 -$97.00 depending on age, level of coverage, and type of coverage selected. (Individual, Couple, Single Parent and Family Coverage is available-premiums vary with choice selected)

If a claim is made, the plan holder will be directly paid an amount determined by the accident and coverage level. Because the payment is not made directly to doctors or hospitals, the individual is able to best determine how to use the funds. This means while the payment from a claim could be used to help cover medical bills, it could also be used to pay electric bills or hire additional labor if unable to work. This flexibility makes accident insurance a viable option for farms that need supplemental savings plans to cover associated costs with an on-farm accident, or for operations that can’t incorporate traditional health insurance costs into their operation.

However, what makes the plan most appealing to many farmers is the cash value benefit. You are paid if you have claims or if you stay well. Peachtree Heritage Group returns your premiums, less any, after 25 years, or on the policy anniversary date following your 65th birthday, whichever comes first. And, cash value benefits begin building after five years in the plan. The longer you keep the plan, the more your cash value benefit grows. The policy also includes a Safe Living Benefit. This benefit begins on the Cash Value Maturity Date and will be paid at the end of each new completed policy year, less any claims paid from the year, up to $320 per year.

While there are many benefits of a plan such as this, there are some serious considerations. Supplemental insurance is not a savings account and premiums do not accumulate interest. This Accident plan also does not cover costs associated with preventative care and routine check-ups, which may be important for some families to consider.

Peachtree Heritage also offers similar plans for Cancer and Heart policies (which do offer a Wellness Benefit) along with Child and Adult Life Insurance.

To learn more about accident , cancer and heart  supplemental insurance offered by Peachtree Heritage, contact Leigh Olsen by emailing leigh.olsen@peachtreeheritagegroup.com or calling (478) 718- 7380.