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Topic: What happens with ACA once you're living in UK?  (Read 2566 times)

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What happens with ACA once you're living in UK?
« on: October 23, 2018, 04:21:25 PM »
Maybe a silly question but do you just cancel your US health insurance once you're living here in the UK? Does it need to be reported to the healthcare marketplace or something? I just want to make sure I don't get hit up come tax time.
Living with my love in Cumbria!
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Re: What happens with ACA once you're living in UK?
« Reply #1 on: October 23, 2018, 06:36:33 PM »
I was on retiree health insurance , not the ACA, but I simply canceled it when I left. I e xpect it is the same with the ACA compliant policies.

I think the ACA individual mandate tax penalty has been canceled now, but in my case I needed to have been out of the US for 330 days before filing my US taxes to avoid the tax penalty.

ETA
The mandate is still in effect for 2018, but not tax year 2019.
« Last Edit: October 23, 2018, 06:39:53 PM by durhamlad »
Dual USC/UKC living in the UK since May 2016


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Re: What happens with ACA once you're living in UK?
« Reply #2 on: October 23, 2018, 08:48:25 PM »
I was on retiree health insurance , not the ACA, but I simply canceled it when I left. I e xpect it is the same with the ACA compliant policies.

I think the ACA individual mandate tax penalty has been canceled now, but in my case I needed to have been out of the US for 330 days before filing my US taxes to avoid the tax penalty.

ETA
The mandate is still in effect for 2018, but not tax year 2019.

Okay, that's kind of what I thought. I figured I just cancel and when I file taxes it will show that I have been living abroad so there shouldn't be any penalty. Thanks for the response and info!
Living with my love in Cumbria!
-------------------------------------------------
Married: 17 May 2018
Entered UK: 13 October 2018
FLR: 21 June 2021
ILR approval email: 18 March 2024


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