Real estate agent health insurance is facing spiraling premium costs, much like the rest of the health insurance market; therefore, it is becoming increasingly important to obtain the best, affordable policies by requesting a quote. Health-Insurance.org allows you to quickly receive information on real estate agent health insurance.
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A Third of Real Estate Agents are Uninsured
According to one of the largest real estate trade associations in the U.S., nearly a third of those in the industry are uninsured because trade associations can no longer afford to offer their members group health insurance. Traditionally, employees in small businesses and the self-employed have relied on their professional or trade associations for access to affordable health insurance to augment public health benefits. Many of those who face being dropped from their association’s health plan rosters cannot afford to get coverage on their own, or are not eligible for coverage because of age or preexisting medical conditions.
Self-employment and Insurance for Real Estate Agents
It is estimated that there are 45 million people uninsured in the U.S., and more than half are self-employed or employed in small businesses who cannot afford available health plans. Real estate agents are typically self-employed or own small businesses that do not qualify for large group coverage from insurance companies.
There is a lobby for reforms in the health insurance tax and regulatory structure that will enable insurance companies to offer more affordable packages to the self-employed and small businesses, including the real estate industry. It is also suggested that enhanced risk-pooling for the self-employed will significantly lower the costs for a majority of those who do not have the financial means to avail of costly top-of-the-line health insurance.
Blanket Group Policies may Not be Entirely Reliable
Under prevailing conditions, insurers find it unprofitable to offer blanket group policies to trade and professional organizations, who in turn offer it to members, regardless of preexisting medical conditions. Many who have preexisting conditions are otherwise uninsurable. Healthy members who discontinue their health plan leave a group with a higher percentage of medically riskier population, which pushes up the premiums. In the end, either the insurer pulls out or the association drops the coverage because it is too expensive. In either case, the members — including real estate agents — are often left without viable alternatives.
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