NAR recently submitted comments to the Department of Health and Human Services’ Notice of Proposed Rulemaking amending the definition of short-term, limited-duration insurance to extend the maximum period from less than three months to no longer than twelve months. In the comment, NAR advocated for more affordable health insurance options for consumers and specifically REALTORS® purchasing in the individual insurance markets that have experienced rising costs. NAR also expressed concern regarding residual market impact and the support for longer-term coverage plans through the Association Health Plan (AHP) proposal, another effort of the Administration aimed at improving choices for working owners/independent contractors.
Read the proposed rule(link is external) and comment(link is external).
For more on NAR’s AHP support, read the comment letter and congressional testimony.
For more information on NAR’s advocacy efforts, please visit on health care reform topic page.
For background on insurance challenges for independent contractors, please visit our blog post.