Governor Youngkin Indicators REALTOR Well being Insurance coverage into Regulation
Governor Glenn Youngkin has permitted Home Invoice 768 and Senate Invoice 335, opening the door for the Virginia REALTORS affiliation, the commonwealth’s largest commerce affiliation, to discover providing medical insurance choices to its members. The laws handed each the Home and Senate with near-unanimous, bipartisan assist.
This win comes after greater than three years of efforts to go laws that will open the door for REALTORS in Virginia to qualify for reasonably priced medical insurance choices. Analysis carried out by Virginia REALTORS in 2019 revealed that as much as 20% of the affiliation’s membership — which presently sits at greater than 36,000 — go with out medical insurance because of the prohibitive value.
“Almost all of our REALTOR members are impartial contractors, ”says Virginia REALTORS® 2022 President Denise Ramey. “Many individuals don’t understand that this designation means REALTORS® don’t qualify for any conventional employer-based medical insurance. Even when they’re affiliated with a big, outstanding brokerage, medical insurance just isn’t offered to them. Discovering a approach to safe extra insurance coverage choices for our members has been key to our legislative efforts for a number of years. ”
Senator George Barker sponsored the invoice within the Senate whereas Delegate Keith Hodges carried it within the Home. “The passage of Senate Invoice 335 and Home Invoice 768 marks the end result of years of effort to deliver reasonably priced and high quality healthcare to Virginia’s REALTORS,” says Senator Barker. “I’ve been honored to work with the Virginia REALTORS on this laws and want to thank their management crew and workers for his or her numerous hours of labor to get this completed.”
Whereas this victory opens new alternatives for the REALTORS of Virginia, extra work lies forward. “That is undoubtedly an enormous milestone for Virginia’s REALTORS, as we now have been preventing for the passage of this laws for years now,” says Virginia REALTORS Senior Vice President of Authorities Relations Martin Johnson. “Nonetheless, whereas many might really feel as if that is the tip of the method, it’s necessary to keep in mind that that is, actually, the completion of part one. Now, our work pivots towards turning this legislation right into a actuality for our members, and we’re desirous to get began. ”