Getting Prepared For The Philippines > Life and Other Insurances

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lost_in_samoa:
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suzukig1:
Exempt.

Issues Concerning Expatriate Employees Under ACA
http://www.ciab.com/workarea/downloadasset.aspx?id=2102


The Patient Protection and Affordable Care Act.  see page 131

 INDIVIDUALS RESIDING OUTSIDE UNITED STATES OR RESIDENTS OF TERRITORIES.—Any applicable individual shall be
treated as having minimum essential coverage...
http://www.gpo.gov/fdsys/pkg/BILLS-111hr3590enr/pdf/BILLS-111hr3590enr.pdf


The PPACA  Penalty Provision and the Internal Revenue Service
http://www.coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=2ec1e180-afbf-4a48-ba12-8dea812ac30a

Lee2:

--- Quote from: suzukig1 on February 07, 2013, 10:06:38 AM ---Exempt.

Issues Concerning Expatriate Employees Under ACA
http://www.ciab.com/workarea/downloadasset.aspx?id=2102


The Patient Protection and Affordable Care Act.  see page 131

 INDIVIDUALS RESIDING OUTSIDE UNITED STATES OR RESIDENTS OF TERRITORIES.—Any applicable individual shall be
treated as having minimum essential coverage...
http://www.gpo.gov/fdsys/pkg/BILLS-111hr3590enr/pdf/BILLS-111hr3590enr.pdf


The PPACA  Penalty Provision and the Internal Revenue Service
http://www.coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=2ec1e180-afbf-4a48-ba12-8dea812ac30a

--- End quote ---


That is excellent information! The question I have is, what will constitute residing outside the US. Will those staying on a Balikbayan stamp or those on a tourist visa be considered residents? I think it would only be those staying on actual visas such as a 13a or a SRRV. Anyone know for sure?

Art, just a re(tired) Fil-Am:
It seems like the mandate you are referring to involves those who are still working and doesn't mention those who are already retired collecting pensions and have coverage under their employer's medical group health plan. So, what would be the options for those in that situation who wants to opt out of their employer's medical health group plan if they can get health insurance elsewhere, which is almost slim to none here in the Philippines and there's no Medicare coverage here either?     

Tally J:

--- Quote from: Art2ro on February 07, 2013, 10:43:42 PM ---It seems like the mandate you are referring to involves those who are still working and doesn't mention those who are already retired collecting pensions and have coverage under their employer's medical group health plan. So, what would be the options for those in that situation who wants to opt out of their employer's medical health group plan if they can get health insurance elsewhere, which is almost slim to none here in the Philippines and there's no Medicare coverage here either?     

--- End quote ---

Good question and one that I will want to know the answer to also as we are retiring in the PI later this year.  I will continue my current health insurance for awhile but it is very expensive and I am still 3 years away from Medicare (for whatever that is worth in the PI).  I surely do not want to be burdened with expensive coverage - really cuts into the SanMig budget...

Will need to dig into the requirements of this law further.

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