Obamacare and the Expat: What are you paying for?
Did you know that living abroad allows Expats to opt out of the Affordable Care Act (ACA) Plans (Obamacare)? Are you still paying outrageous US health insurance premiums for coverage that might not even reach to where you are living abroad? We speak weekly to people paying thousands of US dollars a month for their ACA plans with deductibles as high as $6,000 or $7,000. When we ask why, a lot of the answers are, “We thought we had to” or, “We want the option to have care in the US”. Regardless of your political view of what is happening with Obamacare in the US, as of now it is still the law of the land and affects you.