Insurance can be complicated. There are countless acronyms and insurance lingo. We will break down these terms and help you better understand the industry.

Facts You Need to Know for a Successful Open Enrollment, Part 3

Open Enrollment begins in seven weeks!  Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

3.            It ends February 15, 2015.

Once Open Enrollment ends, you will not be able to enroll in a plan again until November 2015, unless
you experience a “qualifying life event.” This can include marriage, divorce, the birth of a child,
relocation, etc. If you don’t have a qualified health plan, don’t miss this deadline! You could be subject to
the federal tax penalty.

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)

Facts You Need to Know for a Successful Open Enrollment, Part 1

Open Enrollment, a key part of the Affordable Care Act, begins November 15th! That’s only nine weeks away. Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

  1.  What is Open Enrollment?
    Open Enrollment is a three month period when anyone can enroll in a qualified health insurance plan or make changes to an existing plan. Remember, you can’t be turned down, regardless of pre-existing conditions or financial status.

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)

Insurance after Open Enrollment

Insurance after Open Enrollment ends: Options are Available

In the final days of the annual Open Enrollment Period (OEP) under the Affordable Care Act, many rushed to get enrolled in qualified health plans. Those who missed the deadline are left wondering what options they have to obtain health insurance.

Good news! Even after annual OEP has ended, there are still health plans and coverage available for NAR members. There are two main ways in which NAR members can get coverage outside of OEP: through a Special Enrollment Period (SEP) or through our alternatives to qualified health plans.

Alternatives to Qualified Health Plans

As a member of the National Association of REALTORS®, you have access to a variety of alternative health plans, all of which are available for NAR Members year-round.

REALTORS® Core Health Insurance (RCHI) offers affordable, guaranteed-acceptance, Limited Indemnity Medical insurance plans exclusively for NAR members aged 18-64. RCHI plans are exclusively designed and priced specifically for NAR members and include benefits for:

  • doctor office visits
  • wellness visits
  • emergency room benefits
  • surgery benefits
  • a prescription discount card and more

While REALTORS® Core Health Insurance plans do not meet the mandated coverage necessary to avoid penalty under the Affordable Care Act, many REALTORS® have taken advantage of these valuable plans, as a QHP alternative.

Short Term Medical Insurance is designed to be an affordable temporary medical policy which can last from 30 days to 6 months. This is a great way to bridge a gap in coverage until the next Open Enrollment Period, offering:

  • next day coverage
  • freedom to choose any provider
  • many co-insurance and deductible options
  • coverage for an exact number of days, up to 180 days

Qualification depends on a few questions, and approval is issued instantly.

Please note, Short Term Medical Insurance plans do not meet the mandated coverage necessary to avoid penalty under the Affordable Care Act, however these plans can be very attractive, due to flexible coverage options and the affordability they offer.

If you have questions about any of the plans offered through the REALTORS® Insurance Marketplace, speak to a licensed agent by calling 877-267-3752. It’s not too late to find health coverage.