3 ms·
If you don't mind me asking, what are you doing for the ACA individual mandate? I moved abroad in the middle of this year and cancelled my US health insurance
by afarrell 10y ago
If you don't mind me asking, what are you doing for the ACA individual mandate?
I moved abroad in the middle of this year and cancelled my US health insurance when I became eligible for NHS care. I'm realising now that there isn't a way to get a 1095-B from a government-run healthcare system that isn't in the US. Should I just pay the penalty for not having health insurance in the UK?
- kingosticks 10y agoForgive my ignorance but why is there a penalty and who is it due to?
- afarrell 10y agoThere is a penalty for not having a minimum standard of health coverage and it is due to the IRS.
- kingosticks 10y agoAh OK thanks. Seems there's a bunch of exceptions for this including https://www.healthcare.gov/exemptions-tool/#/results/2016/details/citizen-abroad https://www.healthcare.gov/exemptions-tool/#/results/2016/de...
- AnAfrican 10y agothere is a penalty because the system is supposed to reduce costs by enrolling everybody (even the healthiest who may feel like they don't need it) WHILE the health insurance sector still is a for-profit competitive market (so there's no "auto-enrolment").