What About Ex-pats?

[insuranceconceptscindy]

My brain hurts. Can someone give me the low-down on how this is going to work?

Here is the story-
My clients are moving to Japan. They will be there for 6 months at a time, coming home for 2 weeks for whatever medical stuff they want to get done.

Mr. H is 83 and on Medicare with a supp. His $50k of international will probably not be enough, but I can get an international plan for him. I know that Medicare keeps him off the Obamacare-police radar.

Mrs. H is 60. She wants to drop her medical coverage here and get a travel policy for accidents/incidents in Japan. I know they don't meet ACA guidelines. Would she have to keep her US policy and pick up a travel plan in order to stay out of Obamacare jail? I am almost thinking it might be worth it to pay the penalty, but they are high-income earners.

What do you guys suggest?

 

[cadylou]

My brain hurts. Can someone give me the low-down on how this is going to work?

Here is the story-
My clients are moving to Japan. They will be there for 6 months at a time, coming home for 2 weeks for whatever medical stuff they want to get done.

Mr. H is 83 and on Medicare with a supp. His $50k of international will probably not be enough, but I can get an international plan for him. I know that Medicare keeps him off the Obamacare-police radar.

Mrs. H is 60. She wants to drop her medical coverage here and get a travel policy for accidents/incidents in Japan. I know they don't meet ACA guidelines. Would she have to keep her US policy and pick up a travel plan in order to stay out of Obamacare jail? I am almost thinking it might be worth it to pay the penalty, but they are high-income earners.

What do you guys suggest?

They may want to purchase extra insurance for the time they are in Japan. Try Travel Insurance, Travel Health Insurance, International Travel Insurance

They have various levels of travel insurance with medical included. As far as the 60 year old is concerned, as long as they are still US residents, she would probably pay the penalty if she doesn't have insurance - which is going to rise each year. You'd have to calculate what that penalty would amount to for them - if they are high earners, it may amount to enough that would make it a negative to not purchase. She should just do a HSA type plan or something & add the foreign medical to it.

 

[taterpeeler]

No fine... Drop the coverage'

 

[insuranceconceptscindy]

No fine... Drop the coverage'

Thank you!
That's what I needed to hear.