Health Insurance for Real Estate Agents | The CE Shop

a guide to health insurance for real estate agents

Health insurance is one of those benefits you don’t think about until you need it. If you’re thinking about becoming a real estate agent, “do real estate agents have health insurance?” it may not be one of the first questions on the list. That is why health insurance is essential for real estate agents. The last thing you want to do is leave your health and financial future to chance, especially if a serious medical situation arises.

According to the National Association of Realtors®, 22-33% of its members are uninsured each year. In other words, you’re not the only one who may be struggling with real estate health insurance! Insurance for real estate agents can be difficult to understand, which is why we put together this guide to help you take control of your health.

Reading: How do realtors get health insurance

pro tip:

If your real estate affiliate or brokerage group doesn’t provide your insurance, talk to a health insurance broker. they can help you find the plan and insurance companies that work best for you and your family members.

real estate health insurance: understand your options

When considering real estate agent insurance, it’s important to know that you have options; Just because a real estate health insurance plan works for one person doesn’t mean it will work for you. each individual is different, so naturally each plan will be different. discover the plan that will work best for you by evaluating what it offers, how much it costs, and your health care needs.

For reference, eHealth found the national average cost of health insurance to be $456 for an individual and $1,152 for a family per month in 2020. Now that you have an idea of ​​the overall cost, here are just a few of the options available when it comes to insurance for real estate agents.

affordable care law

Even if you don’t know much about health insurance, open enrollment, or the various plans for real estate health insurance, chances are you’ve heard of the Affordable Care Act (ACA). This federal statute passed the 111th U.S. Congress and was signed into law by President Barack Obama on 03/23/2010. According to the ACA website, the Health Insurance Marketplace® is a “service available in every state that helps individuals, families, and small businesses shop for and enroll in affordable health insurance.” the market can be accessed through websites, call centers, and in-person assistance.

The site offers a quick start guide and lets you view health plans and prices, which can tell you how much you can save on home health insurance. Whether you can apply for qualified health plans under these programs depends on your expected income, household members, and other personal information. After you’ve identified a plan that’s right for you, save it and see if you can find a better one. remember: you need to know the scope of your options to make sure you choose the best plan that suits your needs. but checking out what the aca has to offer is a good first step when thinking about health insurance for real estate agents.

You’ve probably just wondered how much aca costs per month. As of 2020, there were more than 9.2 million people receiving premium subsidies on ACA exchanges across the country, and the average amount of their subsidies was almost $500 per month. npr also reported in December. 2020 that enrollment prices and premiums are not forecast to change much in 2021. therefore, while costs and subsidies will vary by state and individual, the approximate cost is $500 in subsidies per month, and experts don’t they expect that number to change in 2021.

association group insurance plans

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When it comes to realtor health insurance®, nar has you covered. Known as the place of insurance for realtors®, nar has provided an insurance shopping site and creative coverage solutions available to its members, also known as realtors®, and their families. The Realtors® Insurance Marketplace, as the site says, “offers exclusive health, dental and vision insurance coverage, plus telemedicine and a variety of wellness solutions, all with benefits unique to Nar members. here you will find plans for all stages of life and even an offer that extends to your pets.”

It is important to note that terms, conditions, and limitations apply based on state insurance laws, individual eligibility, and age requirements. But when it comes to realtor health insurance®, Niche Insurance is a great option to explore.

Although the site does not offer prices, you can get a variety of quotes for health, dental, vision and even pet insurance and compare the available options to find the one that best suits you and your family.

brokerage insurance plans

The brokerage you work for can also help when it comes to realtor health insurance. At the big brokerages like Coldwell Banker and Remax, “do real estate agents have insurance?” is not a question you will have to ask yourself, yes, you are covered! In fact, that is the case with most brokerage firms, as they typically offer association health plans. in this scenario, you simply choose what is best for you and/or your family from the insurance options provided by the brokerage. During your interview to find the right brokerage, be sure to ask about your insurance so realtors can help you get basic health insurance.

private market insurance

You may be wondering what your real estate health insurance options are if you don’t fall into one of the above categories. Maybe you’re not a member of NAR, or you don’t work for a brokerage that offers health insurance for real estate professionals. In this case, your next step will be to explore health insurance options in the private market.

One of the advantages of using the private marketplace to find health insurance for real estate agents is the high level of control you have over your plan. In most cases, you are not limited to a period of time in which you must purchase private insurance.

in terms of health care cost for private insurance, investopedia referenced a 2019 kaiser family foundation study and stated that the average cost of individual health insurance was $440 per month if you bought your own insurance outside of an employer-sponsored plan. for families, the average monthly premium was $1,168. again, the cost will vary by state and individual. Due to high levels of variability, it’s important to get multiple quotes and compare them when it comes to finding realtor health insurance to make sure you find the best plan for you and your loved ones.

health insurance basics

We know health insurance for real estate agents can be confusing. To help you better understand this complicated topic, here are some basic terms everyone should know when shopping for real estate health insurance.

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The following information comes from


A deductible is the amount you pay for covered health care services before your insurance plan begins to pay. The site adds that after you pay your deductible, you generally pay only a copay or coinsurance for covered services. As you look at different insurance options, the goal is to avoid a high deductible.


A copay is the fixed amount you pay for a covered health care service after you’ve paid your deductible. For example, let’s say your real estate health insurance plan’s allowable cost for a doctor’s office visit is $150. your copay for a doctor’s visit is $25. if you haven’t met your deductible, you’ll pay $150. if you’ve met your deductible, you’ll pay $25, usually at the time of your visit.


Coinsurance is the percentage of the costs of a covered health care service that you will pay after you meet your deductible. As an example, let’s say your health insurance plan’s allowed amount for an office visit is $100 and your coinsurance is 20%. if you met your deductible, then you pay 20% of $100 or $20 for the covered service.

maximum out-of-pocket expense

An out-of-pocket maximum is the most you may be asked to pay for covered services in a plan year. After you spend this amount on deductibles, copays, and coinsurance for in-network care and services, your health plan pays 100% of the costs for covered benefits.


A premium is the price you pay for your health insurance coverage each month. In addition to your premium, you generally have to pay other costs for your health care, including your deductible, copays, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.


ppo stands for preferred provider organization. As you might guess from the name, this is a type of health plan that contracts with specific medical providers to create a network of participating providers. While you’ll pay less if you use providers in your plan’s network, PPOS may also provide some coverage for out-of-network providers.

Whether you sign up for medicare, an insurance plan exclusively for nar members, or get an association health plan, knowing the options available to you is essential to finding the best insurance plan for you. your needs. Regardless of the insurance products you choose, a better understanding of the real estate health insurance landscape will help you feel confident that your health is in good hands.

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