The health insurance delivery system is changing in 2014. Public and Private Exchanges are being created to provide a market for insurance options. Most REALTORS® will be required to have qualifying health insurance or pay a penalty. All insurance will be guaranteed issue during the annual enrollment period.
Members of C.A.R. will have the added option to purchase group insurance, an option not available to individuals who do not belong to a “guaranteed association” such as C.A.R. Some people will be eligible for federal premium tax credits to help make individual health insurance more affordable. There are also federal subsidies to help with a patient’s share of out of pocket costs.
For more information about how the health care reform will affect individuals, visit www.car.org/media/pdf/Health-Care-Reform-in-a-Nutshell-FOR-INDIVIDUALS-FINAL.pdf. For more information about how employers can prepare for the 2014 health care reform, visit www.car.org/media/pdf/Health-Care-Reform-in-a-Nutshell-FOR-EMPLOYERS-FINAL.pdf.