“Does my new ACA-compliant domestic health plan protect me overseas?”
It depends on your plan, but probably not. Most domestic health plans still do not cover you overseas or even “out-of-network.” And networks have become much “slimmer” with new ACA health laws, not larger. While the ACA law includes new protections/provisions and benefits, it especially does not include Medical and Political Evacuation or Emergency Transportation when overseas. Nor will your domestic plan pay to get you to a quality medical facility/hospital that can help you overseas or back at home. Most are not willing to reimburse for any medical treatment received overseas except in case of life-threatening injury. Your coverage may vary. The U.S. State Department still recommends travelers purchase international health or travel medical insurance (not trip cancellation travel insurance) prior to departure.
“Is my overseas health plan ACA (affordable care act)-compliant?”
The ONLY medical insurance plans required to meet the ACA requirements are:
- Insurance plans intended for U.S. domestic health coverage and…
- Insurance plans intended to cover someone 12 months or longer in duration
There are differences between ACA requirements for individuals and for group (employer-provided) health insurance.
Will I be subject to fines/fees if I return to the USA?
If you do not remain overseas more than 330 days in a calendar year you MAY be subject to IRS fees for all or part of the year (These fines are currently being waived). You may also be eligible for various exemptions. We advise you to consult with a tax professional specializing in international tax laws.
We are always available to take your calls or speak with you on Skype at “goodneighborinsurance” if you don’t see your question answered here.
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