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What you need to enroll in a health plan now

 

You’ve been hearing about it in the news, in emails, and maybe even in everyday conversation: the second year of the Affordable Care Act is here.

That means Open Enrollment for health insurance is in full swing.

You’re ready to enroll in a plan – to get coverage in case you get sick, have an accident, or just need to make your annual trip to the doctor…but where do you start?

For starters, REALTORS® Insurance Marketplace. We’re NAR’s trusted partner in the REALTOR Benefits® Program. And you’re here. So let us tell you exactly what you’ll need to enroll yourself and your family in a qualified health plan (and avoid paying the pricey penalty):

  1. NRDS ID
    First, we need to verify that you’re a REALTOR® and NAR member. Some of the products available in this marketplace are designed and negotiated specifically for you via the REALTOR Benefits® Program, so have your NRDS ID ready to take advantage of your discounts and member value!
  2. Address(es)
    This may seem like a no-brainer, but it applies mostly to families with adult children who don’t live at home. With healthcare reform, children may stay on their parents’ health plan until age 26, even if they don’t reside with one or both parents. Just be sure to have the addresses of everyone who will be on the plan, and you’ll be ready to enroll.
  3. Birth Dates
    Again, this may seem obvious. Birth dates help identify members on the plan, and also tell the insurer who will be on the plan, and when they aren’t allowed anymore (i.e. when your daughter turns 26)
  4. Social Security Numbers
    Every person who legally resides in the U.S. is mandated to have health insurance, and everyone who legally resides in the U.S. also has a social security number. It serves many purposes, like being your unique identifier to show that you do have coverage and don’t have to pay the tax penalty.
  5. Payment
    Yes, at the time you enroll, you will likely have to provide payment. However, depending on which carrier and which exchange you use, you  may be asked to call the carrier at a later date to post a payment. You may also be sent a paper bill. Each situation can be different, but having payment options ready may help you be as prepared as possible.
  6. Tax Filings, income statements, and an estimate of your income for 2015
    (subsidy only)
    If you plan find out if you qualify for a subsidy or even want to apply for a subsidy, you will need documents to prove that you qualify. These documents include tax filings, income statements, and your best estimate of what you expect to make in 2015. Based on these things, you may receive a subsidy to help with the cost of health insurance.

Now that you know what you need, are you ready to enroll? With REALTORS® Insurance Marketplace, NAR Members have access the private exchange (Members Health Insurance Exchange), public (government) exchange, AND products designed and offered exclusively to REALTORS®.

Click here to enroll in a plan today.

Not so tech savvy? Prefer talking to a REAL person? We offer complimentary consultative services for REALTORS® too! Call our Enrollment Specialists who work with REALTORS® like you everyday: 877-267-3572.

Facts You Need to Know for a Successful Open Enrollment, Part 9

Open Enrollment, a key part of the Affordable Care Act, begins November 15th! That’s less than 3 days 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.

9.       Supplemental insurance policies paired with qualified health plans can help lower total costs of health care.
Although you are required to have a qualified health plan or pay the penalty, there are ways to get the most out of your money. Consider purchasing a QHP with a lower monthly premium and a higher deductible and pairing it with a supplemental health insurance policy such as REALTORS® Core Health Insurance. You can decrease your total monthly premium and reduce your out-of-pocket expenses related to health care.

 

That’s it. Now you have all 9 Facts You Need to Know for a Successful Open Enrollment. Ready to shop, compare, and enroll? Beginning Saturday, the REALTORS® Insurance Marketplace is able to quote and enroll NAR Members in qualified health plans. Dental and supplemental health plans are available at any time. Click here to get started.

Facts You Need to Know for a Successful Open Enrollment, Part 8

Open Enrollment, a key part of the Affordable Care Act, begins November 15th! That’s 10 days 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.

 

8.     Subsidies are available, but there are requirements to receive them.

The Affordable Care Act provides financial assistance for those who meet certain income requirements. The chart below shows income range and household sizes potentially eligible for subsidies. Exact subsidy amounts vary by income and the average cost of health plans in a specific geographical area. If you think you may qualify for a subsidy give us a call; we can help you navigate the public exchange for your area.

 

Income Range Household Size
$11,490 to $45,960 Individuals
$15,510 to $62,040 Family of 2
$19,530 to $78,120 Family of 3
$23,550 to $94,200 Family of 4
$27,570 to $110,280 Family of 5
$31,590 to $126,360 Family of 6
$35,610 to $142,440 Family of 7
$39,630 to $158,520 Family of 8


 

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.)