SO WHAT’S GOING TO HAPPEN TO MY COVERAGE?
Until such time as the ACA is repealed, your current policy and requirement to hold an MEC-compliant plan remains.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?