Realtors® Covered by NAR with New Limited Health Insurance Program
Realtors® without health insurance now have an affordable, guaranteed-issue, option for coverage through a new REALTOR Benefits® partner program. Through REALTORS® Core Health Insurance, the National Association of Realtors® is helping make limited medical insurance available for Realtors®, many of whom may not have access to quality, affordable health insurance.
“Given all that they do to build strong, vibrant, healthy communities, it’s just not fair that Realtors® have limited choices for health care coverage – if they can get any at all,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “While NAR continues to advocate comprehensive health care reform legislation for small businesses and the self-employed, we are pleased to be able to offer this new member benefit to help Realtors® who can benefit from affordable limited health insurance right now.”
More than one out of every four Realtors® have no health insurance, according to a recent NAR survey, and only 17 percent of real estate firms offer health care coverage for independent contractors, who are the largest segment of real estate agents.
RCHI is available to NAR members under age 65. Acceptance is guaranteed – no eligible member will be turned down. Though the plan is available throughout most of the country, Smart and Simple insurance development (SASid) and United States Fire Insurance Company are currently working with the departments of insurance to gain approval in a few states where it is not currently available.
The program’s three limited medical plans were designed to meet the diverse needs of Realtors®, whether they don’t qualify for major medical health insurance due to pre-existing conditions, are on a limited budget, or need to supplement their current medical plan because of high out-of-pocket costs.
“Affordable health insurance coverage is one of our members’ top concerns,” said Bob Goldberg, NAR senior vice president of marketing, business development, and commercial services. “Through the pioneering efforts of NAR and its alliance partners, we are proud to be able to offer this program to hundreds of thousands of Realtors® and their families.”
The program is underwritten by United States Fire Insurance Company, rated A (“Excellent”) by A.M. Best, and includes limited indemnity benefits such as doctor’s office visits, hospitalization, surgery, emergency room, accident medical, and a prescription discount card. In many states network discounts are available through a PPO option, providing additional savings to members. Realtors® can enroll by phone or anytime online; next-day coverage is available.
RCHI is offered through NAR’s REALTOR Benefits® Program in partnership with United States Fire Insurance Company and SASid. “I’ve created many insurance programs for many clients, but I’ve never seen an association so committed to the well-being of its members,” said SASid President Shannon Kennedy. “This is a sophisticated, tailor-made, user-friendly solution that benefits Realtors® today.”
For more information about the program, visit www.RealtorsCoreHealthInsurance.com or call 877-CORE-PLAN (877-267-3752).
SASid was founded in 1999 by insurance professionals who have a passion for making insurance programs simpler and smarter. The company develops technologies and online insurance products for top insurance carriers and nationwide distribution networks and has been a leader and innovator in developing and marketing insurance on the Web.
United States Fire Insurance Company has provided commercial insurance to specialty markets for over 85 years. The company provides niche property and casualty insurance, accident and health, and surety bond products.
NAR’s REALTOR Benefits® Program offers practical solutions for Realtors® on the products and services they use every day. The program includes offerings from nearly 30 companies, in a variety of categories, recognized as leaders in their respective industries.