eXp Realty, The Real Estate Cloud Brokerage and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), announced it has partnered with Clearwater Benefits to provide U.S. eXp Realty agents with innovative and low-cost choices for their health care. The new program is named eXp Agent Healthcare.
Benefits is an insurance brokerage that offers coverage to people who want affordable healthcare and substantial protection for themselves and their families. eXp Realty agents can enroll in traditional insurance or an innovative healthcare option that is potentially more affordable than coverage purchased on the Health Insurance Marketplace. Through eXp Agent Healthcare, eXp Realty agents will have a dedicated concierge to help them maximize their savings and access to Teladoc, which provides 24/7 medical care via videoconferencing. eXp Agent Healthcare is now available to all eXp Realty agents in the United States.
“We heard from our agents that finding affordable health care is a challenge that detracts from their peace of mind and growing their businesses, which is why we’re so pleased to roll out eXp Agent Healthcare,” said Jason Gesing, CEO of eXp Realty. “At eXp, we are focused on our agents’ success, and providing access to the best possible health care aligns with our strategy to prioritize our agents. Our exclusive partnership with Clearwater means agents will have access to affordable, quality healthcare so they can focus on what matters most to them.”
As independent contractors, real estate agents typically purchase health care on the open market, which can be expensive, and a 2018 National Association of REALTORS® study showed that 14 percent of members have no health insurance. According to Clearwater Benefits, independent contractors enrolled in their programs save an average of $10,000 on fixed healthcare expenses and 80 percent on out-of-pocket expenses.
“We are thrilled to partner with eXp Realty to provide thousands of agents across the United States with access to our affordable, innovative healthcare choices,” said Jason Sherman, president and co-founder of Clearwater Benefits. “eXp is an innovator in the industry that cares tremendously about its agents. We anticipate many agents will experience significant savings and better care.”