Time to Look at Your Health Insurance Options

2021 Open Enrollment Period

 Association Health Plans, Insurance, National Association of REALTORS®, Tennessee REALTORS®

Published Wednesday, November 11, 2020

Medical Stethoscope with Red Heart on White Background

If you're in the market for healthcare, get a move on; there's not much time left to make sure you're covered!

Open Enrollment for health insurance coverage is in progress. Now is your opportunity to look at your health insurance options for 2021. Plans are available for everyone through the Health Insurance Marketplace. Plans purchased during Open Enrollment begin Jan. 1, 2021.

The National Association of REALTORS® also offers major medical and supplemental healthcare plans. Members of NAR may view available insurance options in the REALTORS® Insurance Place, which includes plans for health, dental, vision and even pet insurance.

Open Enrollment began on Nov. 1. The last day to enroll in or change plans for coverage in 2021 is Dec. 15. After this date, you can only enroll or change plans if you qualify for a Special Enrollment Period. For more information about healthcare coverage, including eligibility, plans and pricing, benefits, taxes and more, visit HealthCare.gov.


Medicare

Medicare Enrollment is also ongoing. Some people get Medicare automatically, while others have to sign up. You may have to sign up if you're 65 (or almost 65) and not getting Social Security. Medicare coverage can be obtained through Medicare.gov or, for members of NAR, through the Members Medicare Exchange.

Medicare has a separate enrollment period from general healthcare plans. Medicare Open Enrollment runs Oct. 15 through Dec. 7 annually. All Medicare enrollment applications must be submitted by Dec. 7 for coverage beginning Jan. 1, 2021.

There is a Medicare Advantage Open Enrollment Period, which runs from Jan. 1 to Mar. 31 each year. If you are enrolled in a Medicare Advantage Plan, you can switch to a different Medicare Advantage Plan or switch to Original Medicare—and join a separate Medicare drug plan—once during this time. For more information about Medicare, visit Medicare.gov.


Association Health Plans

As a reminder, Tennessee REALTORS® is no longer offering Association Health Plans (AHPs) for members as of May 31, 2020. This development came as a result of the U.S. District Court decision to strike down parts of the AHP rule that was finalized by the U.S. Department of Labor. Tennessee REALTORS® will continue to fight to offer health insurance to members, with its leadership and lobby teams working with NAR and the Dept. of Labor on all possibilities. MAAR will provide updates on the state's AHP policies as they become available.

NAR, meanwhile, continues to fight to ensure self-employed real estate professionals have access to better health insurance options through AHPs. While federal litigation barriers continue to stall progress with any national AHP options, NAR continues to advocate for federal clarity and support the broad adoption of AHPs locally. Keep up-to-date on the latest on the legal battle and NAR's efforts to seek solutions through NAR's Health Care Reform Portal.

MAAR will continue to keep members apprised of their healthcare options. In the meantime, be sure to take action during Open Enrollment. Find the best plan(s) for yourself and your family to make sure you're covered for the year ahead!