On Thursday, October 12, 2017, U.S. President Donald Trump signed an Executive Order which may significantly impact those covered under the Affordable Care Act (ACA). The Executive Order would expand access to less expensive policies that provide minimal coverage and benefits and more exclusions and limitations than mandated under ACA. These cheaper policies could either be short-term medical coverage policies offered to individuals and families by commercial insurance companies or policies sold through trade associations to their members.
However, this process will likely take months to make significant changes as federal agencies propose new regulations.
Until then, not much will change.
The ACA will remain in place, including the 2017 tax penalty for those individuals residing in the US that do not have an ACA compliant policy.
For further information with regards to US compliant Medical Insurance or any other services for clients from or moving back to the USA please contact us.