Important Information about the Affordable Care Act
At this time, our international health insurance plans do not provide Minimum Essential Coverage and are not required to meet the regulations of the Affordable Care Act (ACA). The plan you are applying for is filed as a limited duration policy designed specifically for international living.
The plan is exempted from certain ACA provisions. Coverage by the insurer can be:
- accepted with a rate increase, or
- denied based on the health history of the applicants(s).
A waiting period for pre-existing conditions applies unless you have 6 or 12 months of prior creditable coverage depending upon the policy you are purchasing.
There is no tax penalty for purchasing this policy if you are outside the U.S. for 330 days or more in a calendar year. In this instance, you are deemed to have met the individual mandate. Additionally there is no tax penalty applicable to J1, F1, M1 visa holders and other populations that meet one of the exemption categories related to the ACA individual mandate.
Comparison: International Coverage vs US Domestic ACA Coverage.
Exemptions from the ACA Tax Penalty: https://www.healthcare.gov/exemptions/
ACA Individual Mandate: https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/
We encourage applicants to consult a tax professional about whether a tax penalty may apply based on your own individual situation. We have lodged an appeal for special consideration to have our international health plans deemed as Minimum Essential Coverage and thus meet the individual mandate in all situations. The outcome of this appeal is uncertain. The final determination is at the sole discretion of The Department of Health and Human Services (HHS).
Visit GeoBlue Affordable Care Act FAQ's for more information.