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2020 Health Insurance Survey Highlights

Cover of the Health Insurance Survey report
  • Eighty-five percent of members reported having health insurance for 2020.
  • Among the 14% of members who reported not having health insurance for 2020, 78% cited that premiums/deductibles were too expensive, 10% said that they couldn’t find a plan that they liked, and 5% said that insurers turned them down because of pre-existing health conditions.
  • Seven percent of members lost their health insurance coverage after March of 2020 and among that group, 39% said their loss of health insurance was directly related to the COVID-19 emergency.
  • The top priorities related to health insurance coverage cited by members were affordable premiums, reasonable deductible and co-pays, and access to preferred doctors.
  • If a REALTOR® association health plan were offered with equally comprehensive benefits as their current plan, 19% of members said they would join it and leave their current health insurance plan, and 41% said they would join if there is a savings compared to their current plan.
  • Members said that it would take a median of 32% of savings for them to leave their current health insurance plan and join a REALTOR® association health plan.
  • The main reasons that members chose their current primary health insurance provider were: it was the only option for health insurance (31%), it was the cheaper option after comparison (24%), and it offers better services or benefits (21%).
  • Ten percent of members reported having W-2 employees, with a median of 2 employees. Among that 10%, 26% of members currently offer an employer-sponsored health insurance plan.


Health Care Reform

As part of efforts to address the health insurance needs of members, NAR has advocated for reform of the health insurance markets.