Nearly 200,000 members of the National Association of REALTORS® (NAR) are already age 65 or older, and next year, it’s estimated that nearly 100 members will turn 65 every day, according to the NAR 2017 Member Profile. Turning 65 is a milestone event that typically includes eligibility for Medicare; however, most Medicare recipients also purchase supplemental insurance to help pay for medical services that Medicare doesn’t cover.
Recognizing that well-rounded insurance coverage is important for our members, NAR’s REALTOR Benefits® Program is proud to introduce the Members Medicare Exchange, available through REALTORS® Insurance Marketplace. NAR members who are eligible for Medicare (or have family members who are Medicare-eligible) now have an easy way to research and select among a variety of Medicare supplemental insurance options at highly competitive prices.
“The Members Medicare Exchange is our latest effort to assist NAR members aged 65 and older as they explore options that expand their coverage,” explains Shannon Kennedy, president of SASid, Inc. (Smart and Simple Insurance Development). SASid is the administrator of REALTORS® Insurance Marketplace, and a proud partner in NAR’s REALTOR Benefits® Program. “We believe in hands-on personal service, so if at any point a member needs assistance in navigating the Medicare supplemental insurance landscape, our licensed benefit specialists are available to answer questions and provide basic information, including the highlights and differences between the individual plans, basic eligibility, and enrollment information.”
How It Works
After obtaining Original Medicare through the federal government, Medicare-eligible NAR members who want to explore their coverage options can use the Members Medicare Exchange to quote, shop and enroll in a variety of supplemental Medicare insurance products.
The new Exchange includes a resource center with a variety of educational tools to assist NAR members in understanding Medicare overall, in addition to available plan options. These resources include:
- Educational articles and videos
- FAQs and glossary of terms
- Savings calculators and coverage checklists
- Caregiver resources
- A prescription drug tool (to assist in selecting the best plan based on prescriptions used)
Members can benefit from these resources, regardless of whether they decide to select a plan through REALTORS® Insurance Marketplace or elsewhere. Complimentary consultation and personal assistance from a licensed benefits specialist is included as a benefit of NAR membership.
Open Enrollment: It’s on Now
While many of the products offered through REALTORS® Insurance Marketplace can be purchased year-round, it’s important to note that the annual open enrollment period for Medicare is on now, running from October 15 to December 7.
Take note though: If this is the year you turn 65, you can enroll in supplemental Medicare coverage at any point in the three months up to or after the month of your birthday.
To access the Members Medicare Exchange, visit RealtorsInsuranceMarketplace.com/Medicare or call 877-267-3752.
Discover ALL Your Benefits
Designed with you in mind, the REALTOR Benefits® Program is your official (NAR) member benefits resource, bringing you savings and special offers just for REALTORS®. Program partners are carefully selected, so you can be assured they understand the unique needs of real estate professionals and are committed to your …read more
From:: Real Estate News