SO WHAT’S GO­ING TO HAP­PEN TO MY COV­ER­AGE?

Wellness Update - - News -

Un­til such time as the ACA is re­pealed, your cur­rent pol­icy and re­quire­ment to hold an MEC-com­pli­ant plan re­mains. Things should con­tinue much as they have done since the 2010 in­tro­duc­tion of the leg­is­la­tion. In­sur­ers can­not can­cel your plan, even if they’re pre­dict­ing that Oba­macare will end by a cer­tain date. Your pol­icy should re­main valid from Jan­uary 1 to De­cem­ber 31.

All cur­rent ben­e­fits of Oba­macare, in­clud­ing free birth con­trol and cov­er­age for adult chil­dren up to the age of 26, are also valid as long as the leg­is­la­tion re­mains in­tact. If you have pre-ex­ist­ing con­di­tions that were cov­ered un­der the ACA changes, you’ll also stay cov­ered for the time be­ing. It is very much busi­ness as usual at this stage.

What you should be care­ful of right now is pre-empt­ing the end of Oba­macare and the In­di­vid­ual Man­date penalty. No such an­nounce­ment has been made with re­spect to the Man­date and the com­ing tax year, so if you opt not to re­new your MEC-com­pli­ant health­care for the new year, you run the risk of be­ing li­able to pay a penalty come tax time in fu­ture.

This means Amer­i­can ex­pats liv­ing abroad will still have to an­swer the same ques­tion: do I get US-based cov­er­age as well as my over­seas in­sur­ance, or do I pay the penalty?

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