Announcing a new member benefit offered through NAR's REALTOR Benefits® Program, REALTORS® Core Health Insurance
Marketing and Business Development is pleased to announce the official launch of REALTORS® Core Health Insurance (RCHI) on May 1, 2009. This new member benefit is offered through NAR's REALTOR Benefits® Program in partnership with United States Fire Insurance Company and SASid (Smart And Simple insurance development). RCHI offers affordable, guaranteed-acceptance, Limited Medical insurance plans to NAR members under the age of 65.
The Fact Sheet details the new offering available through REALTOR Benefits®. If you have questions about this or the REALTOR Benefits® Program, please contact a member of the REALTOR Benefits® Team listed in the Contact Information section below.
WHAT: REALTORS® Core Health Insurance - Limited Medical insurance plans exclusively designed for NAR members.
LAUNCH DATE: May 1, 2009
WHO IS ELIGIBLE: RCHI is available to active NAR members, or Association staff, who:
· Are over the age of 18
· Are under the age of 65
· Reside in a qualified U.S. state or territory*
Eligible dependants may be added to a member's plan.
BACKGROUND:
According to NAR studies, nearly 350,000 (30%) NAR members lack health insurance and many more are significantly underinsured. Ideally everyone would have Major Medical insurance but many do not qualify due to pre-existing conditions or simply cannot afford the high cost of coverage. While this issue continues to be debated in Washington, NAR has been working with top-rated industry partners to develop an innovative solution that can help members today - even before Congress acts. NAR is pleased to introduce RCHI, an affordable and guaranteed-acceptance Limited Medical insurance program.
It is important to understand the difference between Major Medical (comprehensive coverage) and Limited Medical insurance. Major Medical provides comprehensive and catastrophic coverage with lifetime limits of coverage typically up to $1 million or more. Limited Medical provides coverage for everyday illnesses and accidents at affordable rates by offering specific benefits with capped limits of coverage.
THE PARTNERS BEHIND RCHI:
Smart And Simple Insurance Development (SASid) - SASid develops technologies and online insurance products for top insurance carriers and nationwide distribution networks. SASid was founded in 1999 and has been a leader and innovator in developing and marketing insurance on the web. SASid was founded by insurance professionals who have a passion to make insurance programs more simple and smart. SASid is located in Janesville, Wisconsin.
SASid provides the following for REALTORS® Core Health Insurance:
· Policyholder services and customer support
· Customer enrollment
· Policyholder Billing
· Policyholder Claims
United States Fire Insurance Company, a part of Crum & Forster group - United States Fire Insurance Company underwrites and insures the risk of the program. U.S. Fire has provided commercial insurance to specialty markets for over 85 years. The company provides niche property and casualty insurance; accident and health; and surety bond products. U.S. Fire is rated A ("Excellent") by A.M. Best and has over $1.5 billion in capital and surplus.
U.S. Fire has committed to a 1-year rate guarantee and a 2-year contract with NAR to underwrite the program.
WHO WILL BENEFIT?
NAR Members who will benefit from RCHI include those who:
Cannot afford - or are struggling to afford - Major Medical (comprehensive) health insurance.
Have tried to get health insurance and have been turned down.
Have a pre-existing condition that makes traditional insurance coverage expensive or difficult to obtain, but that is covered by RCHI.
Have major medical insurance with very high deductibles, and who could use an extra layer of coverage to assist with everyday healthcare costs.
Note: 12-month pre-existing condition limitation on all hospital or surgical related expenses
RCHI PROGRAM BENEFITS & HIGHLIGHTS
· It's guaranteed-issue - No medical questions or exams are required, and NO eligible member will be turned down.
· The plans are not "age rated" - costs are the same for everyone eligible, depending on the plan they choose and the state in which they reside.
· Rates and plans are exclusive to NAR.
· It's low-cost - affordable to members who are just beginning their careers, to those who may no longer be earning at full-time employment, and to all others on limited budgets. Plans start as low as $70.69 per month.
· No contract needed. Plans have a 10-day money back guarantee.
· Three plan types are available (Physician, NAR Value and NAR Platinum)
· It provides Limited Medical coverage for everyday health issues - helping to provide a safety-net for people who do not have the luxury of being covered by a comprehensive health insurance plan.
· Members have the freedom to choose any provider, with the option of a PPO network, for added savings, in certain states.
· The plans provide assignable benefits- the medical provider bills the insurance company directly
· Benefits include: Hospitalization benefits, surgery benefits, doctor office visits, emergency room benefits, accident medical benefits and a prescription discount card.
· For those coping with an urgent need, next-day coverage is available.
Note: Exclusions and Limitations apply. See website for details
* Please note: Some states have mandatory requirements that call for variations in NAR's standard plans and rates. These are based on individual state laws. Plans are not currently available in AK, CT, KS, MD, ME, VT, Guam, Puerto Rico and the Virgin Islands. SASid and U.S. Fire are working on obtaining approval in these states and territories. Members in these states and territories can check with their State Department of Insurance directly on the status of approval for these programs.
PROMOTIONAL PLAN:
REALTORS® Core Health Insurance will be available beginning May 1, 2009 and will be formally launched at NAR's 2009 Midyear Legislative Meetings & Trade Expo. NAR and SASid have developed a comprehensive marketing launch plan announcing RCHI to NAR members through various media channels including a prominent presence in NAR's Annual Membership Kit sent to over 1million NAR members.
REALTORS® CORE HEALTH INSURANCE CONTACT INFORMATION:
To learn more, review plan options and to obtain a quote visit www.RealtorsCoreHealthInsurance.com or call 1-877-CORE-PLAN (1-877-267-3752)
**Enroll online and a $10 enrollment fee will be waived.
NAR CONTACT INFORMATION:
Kristin Stafford
Managing Director, Strategic Alliances
kstafford@realtors.org
Liz Urban
Strategic Alliances Marketing Manager
lurban@realtors.org
Ken Burlington
Vice President, Strategic Alliances
kburlington@realtors.org
Marketing and Business Development is pleased to announce the official launch of REALTORS® Core Health Insurance (RCHI) on May 1, 2009. This new member benefit is offered through NAR's REALTOR Benefits® Program in partnership with United States Fire Insurance Company and SASid (Smart And Simple insurance development). RCHI offers affordable, guaranteed-acceptance, Limited Medical insurance plans to NAR members under the age of 65.
The Fact Sheet details the new offering available through REALTOR Benefits®. If you have questions about this or the REALTOR Benefits® Program, please contact a member of the REALTOR Benefits® Team listed in the Contact Information section below.
WHAT: REALTORS® Core Health Insurance - Limited Medical insurance plans exclusively designed for NAR members.
LAUNCH DATE: May 1, 2009
WHO IS ELIGIBLE: RCHI is available to active NAR members, or Association staff, who:
· Are over the age of 18
· Are under the age of 65
· Reside in a qualified U.S. state or territory*
Eligible dependants may be added to a member's plan.
BACKGROUND:
According to NAR studies, nearly 350,000 (30%) NAR members lack health insurance and many more are significantly underinsured. Ideally everyone would have Major Medical insurance but many do not qualify due to pre-existing conditions or simply cannot afford the high cost of coverage. While this issue continues to be debated in Washington, NAR has been working with top-rated industry partners to develop an innovative solution that can help members today - even before Congress acts. NAR is pleased to introduce RCHI, an affordable and guaranteed-acceptance Limited Medical insurance program.
It is important to understand the difference between Major Medical (comprehensive coverage) and Limited Medical insurance. Major Medical provides comprehensive and catastrophic coverage with lifetime limits of coverage typically up to $1 million or more. Limited Medical provides coverage for everyday illnesses and accidents at affordable rates by offering specific benefits with capped limits of coverage.
THE PARTNERS BEHIND RCHI:
Smart And Simple Insurance Development (SASid) - SASid develops technologies and online insurance products for top insurance carriers and nationwide distribution networks. SASid was founded in 1999 and has been a leader and innovator in developing and marketing insurance on the web. SASid was founded by insurance professionals who have a passion to make insurance programs more simple and smart. SASid is located in Janesville, Wisconsin.
SASid provides the following for REALTORS® Core Health Insurance:
· Policyholder services and customer support
· Customer enrollment
· Policyholder Billing
· Policyholder Claims
United States Fire Insurance Company, a part of Crum & Forster group - United States Fire Insurance Company underwrites and insures the risk of the program. U.S. Fire has provided commercial insurance to specialty markets for over 85 years. The company provides niche property and casualty insurance; accident and health; and surety bond products. U.S. Fire is rated A ("Excellent") by A.M. Best and has over $1.5 billion in capital and surplus.
U.S. Fire has committed to a 1-year rate guarantee and a 2-year contract with NAR to underwrite the program.
WHO WILL BENEFIT?
NAR Members who will benefit from RCHI include those who:
Cannot afford - or are struggling to afford - Major Medical (comprehensive) health insurance.
Have tried to get health insurance and have been turned down.
Have a pre-existing condition that makes traditional insurance coverage expensive or difficult to obtain, but that is covered by RCHI.
Have major medical insurance with very high deductibles, and who could use an extra layer of coverage to assist with everyday healthcare costs.
Note: 12-month pre-existing condition limitation on all hospital or surgical related expenses
RCHI PROGRAM BENEFITS & HIGHLIGHTS
· It's guaranteed-issue - No medical questions or exams are required, and NO eligible member will be turned down.
· The plans are not "age rated" - costs are the same for everyone eligible, depending on the plan they choose and the state in which they reside.
· Rates and plans are exclusive to NAR.
· It's low-cost - affordable to members who are just beginning their careers, to those who may no longer be earning at full-time employment, and to all others on limited budgets. Plans start as low as $70.69 per month.
· No contract needed. Plans have a 10-day money back guarantee.
· Three plan types are available (Physician, NAR Value and NAR Platinum)
· It provides Limited Medical coverage for everyday health issues - helping to provide a safety-net for people who do not have the luxury of being covered by a comprehensive health insurance plan.
· Members have the freedom to choose any provider, with the option of a PPO network, for added savings, in certain states.
· The plans provide assignable benefits- the medical provider bills the insurance company directly
· Benefits include: Hospitalization benefits, surgery benefits, doctor office visits, emergency room benefits, accident medical benefits and a prescription discount card.
· For those coping with an urgent need, next-day coverage is available.
Note: Exclusions and Limitations apply. See website for details
* Please note: Some states have mandatory requirements that call for variations in NAR's standard plans and rates. These are based on individual state laws. Plans are not currently available in AK, CT, KS, MD, ME, VT, Guam, Puerto Rico and the Virgin Islands. SASid and U.S. Fire are working on obtaining approval in these states and territories. Members in these states and territories can check with their State Department of Insurance directly on the status of approval for these programs.
PROMOTIONAL PLAN:
REALTORS® Core Health Insurance will be available beginning May 1, 2009 and will be formally launched at NAR's 2009 Midyear Legislative Meetings & Trade Expo. NAR and SASid have developed a comprehensive marketing launch plan announcing RCHI to NAR members through various media channels including a prominent presence in NAR's Annual Membership Kit sent to over 1million NAR members.
REALTORS® CORE HEALTH INSURANCE CONTACT INFORMATION:
To learn more, review plan options and to obtain a quote visit www.RealtorsCoreHealthInsurance.com or call 1-877-CORE-PLAN (1-877-267-3752)
**Enroll online and a $10 enrollment fee will be waived.
NAR CONTACT INFORMATION:
Kristin Stafford
Managing Director, Strategic Alliances
kstafford@realtors.org
Liz Urban
Strategic Alliances Marketing Manager
lurban@realtors.org
Ken Burlington
Vice President, Strategic Alliances
kburlington@realtors.org
Posted by Jina Hammett
Sorry the post was so long but it all was good info and since we were discussing insurance this morning thought it would be fresh on your minds.
ReplyDelete