{"id":1680,"date":"2017-03-07T00:00:00","date_gmt":"2017-03-07T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/nar-looking-at-house-health-insurance-bill\/"},"modified":"2017-03-07T00:00:00","modified_gmt":"2017-03-07T00:00:00","slug":"nar-looking-at-house-health-insurance-bill","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/nar-looking-at-house-health-insurance-bill\/","title":{"rendered":"NAR Looking at House Health Insurance Bill"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n

House Republican leaders yesterday introduced legislation amending parts of the Affordable Care Act, a program of importance to real estate<\/a> because many sales associates, as independent contractors, must provide for their own health insurance.<\/p>\n

\n

Learn More<\/strong><\/p>\n

House Ways & Means summary<\/p>\n

House Energy<\/a> and Commerce summary<\/p>\n<\/blockquote>\n

This legislation, which NAR is looking at closely, deals only with revenue-related matters and is expected to be supplemented by additional legislation later this year. The current piece is scheduled to be taken up in the relevant House committees this week and could be subject to change before it reaches the full House.<\/p>\n

In one of the biggest changes, the bill would repeal the individual mandate, one of the most controversial aspects of the current program. It penalizes individuals who can afford to buy insurance<\/a> but choose not to. Although there would be no penalty for not buying insurance under the change, the bill would impose a \u201ccontinuous coverage incentive\u201d by directing insurers to charge a 30-percent late enrollment surcharge to encourage individuals to maintain health insurance coverage, according to a summary provided by the House Energy and Commerce Committee.<\/p>\n

The legislation would modify other aspects of the Affordable Care Act. For example, the legislation would continue to assist people who are struggling to pay their premiums but instead of basing the assistance solely on income, it would add a calculation based on age.<\/p>\n

Several provisions are retained that would be of interest to real estate professionals, who tend to be older than the general population, with a median age in the mid-50s. These include prohibitions on insurers from denying coverage to people with a preexisting condition if they maintain continuous coverage and from capping the lifetime benefits a person can receive. And it continues to allow children to stay on parents\u2019 coverage until 26.<\/p>\n

In a change, the legislation would allow insurers to charge older people a premium that\u2019s up to five times what they charge a younger person instead of capping that differential at three. It would also give states flexibility to set their own ratio, according to the Energy and Commerce summary. This would be a significant change, since under the Affordable Care Act, insurers can only charge a premium up to three times that of younger enrollees. Prior to the Affordable Care Act, some state laws allowed age rating bands of as much as 28:1.<\/p>\n

Because the bill is limited to matters affecting revenue, many important aspects of the Affordable Care Act, including association health plans, aren\u2019t addressed. These other aspects are expected to be addressed in separate legislation.<\/p>\n

The current legislation could be taken up by the relevant committees as early as this week. The legislation would then go to the full House. Any bill passed by the House would have to be reconciled with any legislation passed in the Senate before any bill could go to the president for signature.<\/p>\n

\u2014Robert Freedman, REALTOR\u00ae Magazine<\/em><\/p>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

House Republican leaders yesterday introduced legislation amending parts of the Affordable Care Act, a program of … NAR Looking at House Health Insurance Bill<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1681,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,1403,617,698,41,818,84],"class_list":["post-1680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-buy","tag-house","tag-insurance","tag-property","tag-real","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/ZxzAvxoNdqQ","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1481,"url":"https:\/\/amazingproperty.com.ng\/blog\/trumps-congressional-address-what-matters-to-real-estate\/","url_meta":{"origin":1680,"position":0},"title":"Trump’s Congressional Address: What Matters to Real Estate","author":"Amazing Property","date":"March 1, 2017","format":false,"excerpt":"\u00a0 In his address to Congress on Tuesday night, President Donald Trump renewed his pledge to rebuild the country's infrastructure, replace the Affordable Care Act, and reform taxes for businesses and individuals\u2014all issues of importance to real estate. Infrastructure The National Association of REALTORS\u00ae sees investments in roads, bridges, dams,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Trump's Congressional Address","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/feb17_EXP6117_AP_17060091731912.jpg?fit=830%2C390&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/feb17_EXP6117_AP_17060091731912.jpg?fit=830%2C390&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/feb17_EXP6117_AP_17060091731912.jpg?fit=830%2C390&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/feb17_EXP6117_AP_17060091731912.jpg?fit=830%2C390&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6960,"url":"https:\/\/amazingproperty.com.ng\/blog\/nar-gops-tax-plan-attacks-homeownership\/","url_meta":{"origin":1680,"position":1},"title":"NAR: GOP\u2019s Tax Plan \u2018Attacks Homeownership\u2019","author":"Amazing Property","date":"November 6, 2017","format":false,"excerpt":"Republican strategist Steve Schmidt predicted during the REALTORS\u00ae Conference & Expo in Chicago on Saturday that Congress would not pass the GOP\u2019s tax proposal. Congressional Republicans are pushing the bill, he said, simply because they need a legislative victory. Read more. The recently released GOP tax reform plan would decrease\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"11 6 17 Steveschmidt.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/11_6_17_SteveSchmidt.jpg?fit=400%2C266&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4609,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-word-from-d-c-tax-reform\/","url_meta":{"origin":1680,"position":2},"title":"The Word From D.C.: Tax Reform","author":"Amazing Property","date":"May 17, 2017","format":false,"excerpt":"[ad_1] Always Be Networking: Valuable connections abound at the Legislative Meetings & Trade Expo. High Hurdle for\u00a0Tax Reform \u201cNo Republicans want to say they got nothing done.\u201d\u2014Fox News journalist Chris Wallace Tax reform is a priority of President Donald\u00a0Trump and the Republican\u00a0Congress, but \u201cFox News Sunday\u201d host Chris Wallace said\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/dn_bigbizcard_480-2.jpg?fit=480%2C230&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2364,"url":"https:\/\/amazingproperty.com.ng\/blog\/market-a-home-when-the-garden-is-fullest\/","url_meta":{"origin":1680,"position":3},"title":"Market a Home When the Garden Is Fullest","author":"Amazing Property","date":"March 22, 2017","format":false,"excerpt":"When is your garden in full bloom? Believe it or not, waiting to put a house on the market when flowers, plants, shrubs, and trees are at peak color can make a big difference in how fast a home sells and at what price. That's one of the tips in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6116,"url":"https:\/\/amazingproperty.com.ng\/blog\/nar-urges-congress-act-on-flood-insurance-fast\/","url_meta":{"origin":1680,"position":4},"title":"NAR Urges Congress: Act on Flood Insurance, Fast","author":"Amazing Property","date":"September 6, 2017","format":false,"excerpt":"Amid Hurricane Harvey and now a looming threat from Hurricane Irma, the National Association of REALTORS\u00ae warns Congress that letting the National Flood Insurance Program\u00a0expire at the end of the month could have dire consequences. NAR says thousands of homeowners, consumers, and commercial property owners could soon find themselves unprotected\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"NAR-Flood2-instagram.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/NAR-Flood2-instagram.jpg?fit=1080%2C1081&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/NAR-Flood2-instagram.jpg?fit=1080%2C1081&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/NAR-Flood2-instagram.jpg?fit=1080%2C1081&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/NAR-Flood2-instagram.jpg?fit=1080%2C1081&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/NAR-Flood2-instagram.jpg?fit=1080%2C1081&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":616,"url":"https:\/\/amazingproperty.com.ng\/blog\/escrow-accounts-serve-no-purpose\/","url_meta":{"origin":1680,"position":5},"title":"Escrow Accounts Serve No Purpose","author":"Amazing Property","date":"January 3, 2017","format":false,"excerpt":"Question: Why do we really have to give the lender money, which is held in non-interest bearing accounts, to guarantee we will pay our own taxes and our own insurance policies? Your comments would be appreciated. Answer: This is a subject on which consumers should make their voices heard in\u2026","rel":"","context":"In "Property buyer"","block_context":{"text":"Property buyer","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-buyer\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1680"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1680\/revisions"}],"predecessor-version":[{"id":89842,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1680\/revisions\/89842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1681"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}