RISMedia's Real Estate Magazine

AUG 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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26 August 2019 RISMedia's REAL ESTATE {Intel} "We're encouraged to see so many associations from across the country demonstrate their public support of association health plans," said NAR President John Smaby, a second-generation REALTOR® and broker at Edina Realty in Edina, Minn., in a recent statement. "The DOL's rule opens the door for REALTORS® to ac- cess affordable, high-quality healthcare options that can be so difficult for independent contractors to find. Moving forward, we're hopeful that our work alongside these local partners will help secure the healthcare so- lutions that our members and their families deserve." How have industry professionals managed thus far? According to several NAR surveys, 28 - 33 percent of REALTORS® are uninsured in any given year and about 46 percent pay out-of-pocket for their health insurance. Many of today's real estate agents qualify for Medicare and/or Medicaid; however, individual insurance is also a go-to for numerous industry professionals. According to eHealth, on average, monthly premiums for single coverage health insurance without Affordable Care Act subsidies is $393. For those with families, the price skyrockets to $1,021. High deductibles are also a trend with these plans, hovering around $4,328 for individu - als and $8,352 for families, on average. More affordable options include Small Business Health Options Plans (SHOP), Small Business Health Plans (SBHPs) and AHPs. SHOP plans could soon be Real Estate Industry Makes Strides Toward Increasing Health Insurance Accessibility by Liz Dominguez F or real estate professionals, health insurance can be a source of frustration. Often costly and with hefty restrictions for more affordable options, comprehensive health benefits are not easily accessible for today's self- employed population. That's why the National Association of REALTORS® (NAR)—a founding member of the Coalition to Promote and Protect Association Health Plans—and other industry groups have been lobbying in support of the Department of Labor's (DOL) Association Health Plan (AHP) rule. In addition, multiple brokerages have recently made strides in offering their own benefits.

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