Obamacare Update

us healthcare.jpgOn 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.  

Advertisements

What Is ‘FEE ONLY’ Advice And Should I Be Using It?

How do advisors get paid.Fee-only financial planners are investment advisors with a fiduciary responsibility to act in their clients’ best interest.  Fee-only means that they do not accept any compensation based on product or fund sales. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice that is in the clients best interest.  Fee only advice is now becoming the norm in many developed and regulated markets unfortunately Fee-only advice is extremely rare in the expatriate market place with most advisory companies still offering a purely Commission-Based or Fee-Based services which can be a minefield for clients.  

Fee-Based Is Not the Same As Fee-Only

Commission-based agents and brokers often take offense at this distinction.  Blurring the difference, they created the category dubbed “fee based,” which means they charge a fee in addition to collecting commissions from the provider of a product or fund.  Studies show that even consumers seeking a strictly fee-only advisor find these terms extremely confusing especially when these commissions are often not disclosed to an investor.

Continue reading

The Global Cycle Has Further To Run

News this past week:

Stock graph
• Oil prices rose 2% on the week with Brent at USD 53.9
• Gold rose 1.9 % to 1347, its third week of gains
• Risk appetite returns as treasuries retreat, stocks advance
• Apple set to launch the iPhone 8 and X models this week
• Hurricane Irma devastates the Caribbean and Florida

Continue reading

Medical Insurance, What Do We Need And How Much Should We be Paying?

hurting walletMedical Insurance is a sore subject with many expats these days.  Gone are the days when all expat contracts included top level medical insurance with all of the bells and whistles.  Many employers have cut back on costs and with it the level of coverage that is offered to their expatriate employees; sometimes offering no coverage at all, coverage with a local provider or only coverage for the employee and not extending cover to the family or dependants.  The cost of coverage also seems to be increasing every year with many insurers increasing the cost of insurance cover by more that the rate of inflation.

Continue reading

5 Leading Misconceptions That British Expats Have With Regards To Domicile And Taxation

IHT.jpgThere are some crucial misunderstandings amongst the British expat community when it comes to their understanding of domicile status and their tax position.  These misconceptions could leave their loved ones financially exposed and could even cause trouble with HMRC if they are not paying the correct UK Tax.

Continue reading

Market Update

News this past week:

  • Oil prices declined just over 2.5% last week
  • Drop in global government bonds accelerated
  • G20 summit shows the divide between the US and others
  • UN security council hold an emergency session in response to North Korea
  • Global stocks jumped and are still at near record high

Continue reading