The U.S Department of Labor has finalized itsÂ rule to expand the definition of â€śemployerâ€ť to include â€śworking owners,â€ť allowing real estate professionals and other self-employed individuals to participate in association health plans. The ruling also makes AHPs available to independent contractors who are offered coverage through a spouse, the current source of coverage for roughly 40 percent of RealtorsÂ®.
National Association of RealtorsÂ® President Elizabeth Mendenhall, a sixth-generation RealtorÂ® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement:
â€śAfter years of advocating for independent contractorsâ€™ right to pursue coverage through association health plans, NAR welcomes todayâ€™s Department of Labor ruling.
â€śAmericaâ€™s self-employed, including real estate professionals, may now have the opportunity to purchase health insurance through a group health plan, taking advantage of economies of scale that may improve access to care while also receiving critical flexibility to choose between their spouseâ€™s plan and an AHP.â€ť
NAR CEO Bob Goldberg also commended DOLâ€™s decision and offered this statement:
â€śNAR applauds the DOL for the latest rulemaking and hopes that legal and other challenges do not extensively delay the ruleâ€™s implementation and future enrollment periods. NAR has already begun work with health insurance experts and providers on potential next stepsÂ to help secure high-quality health insurance for all ofÂ ourÂ membersÂ andÂ their families.â€ť
Fore more information, visit www.nar.realtor.
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