lawman3966
Recycles dryer sheets
- Joined
- Jan 8, 2008
- Messages
- 84
I've asked this on other fora, but this forum seems more focused on this topic.
Some recent discussion in the media of the ACA got me concerned, and prompted this thread.
I am a dual citizen: U.S. and Canada. Accordingly, one fallback option for obtaining health insurance coverage for pre-existing conditions is to move back to Canada and get access to that nation's national health care plan. However, moving incurs some major headaches (in terms of investment fees and taxes) for those retiring on a lump sum rather than a pension, which is my situation. By the way, I intend to live in SE Asia, not in either Canada or the U.S.
One way to address the complications of restoring Canadian residency is to relinquish U.S. citizenship. Here, the concern is whether U.S. social security benefits are affected, assuming that the relinquishment is done with all legal formalities being properly observed.
I've read some sources state that SS benefits should not be lost upon relinquishing U.S. citizenship. However, sometimes the implementation of policy in practice differs from the rules as printed on paper. Thus, I'd be interested in hearing from anyone who has either been through the process personally, or who has a close friend or relative who has (that is: has relinquished U.S. citizenship, resumed Canadian or other foreign residency, and received U.S. Social security benefits afterwards, while living outside of N. America, such as in SE Asia, as I intend to do.
Some recent discussion in the media of the ACA got me concerned, and prompted this thread.
I am a dual citizen: U.S. and Canada. Accordingly, one fallback option for obtaining health insurance coverage for pre-existing conditions is to move back to Canada and get access to that nation's national health care plan. However, moving incurs some major headaches (in terms of investment fees and taxes) for those retiring on a lump sum rather than a pension, which is my situation. By the way, I intend to live in SE Asia, not in either Canada or the U.S.
One way to address the complications of restoring Canadian residency is to relinquish U.S. citizenship. Here, the concern is whether U.S. social security benefits are affected, assuming that the relinquishment is done with all legal formalities being properly observed.
I've read some sources state that SS benefits should not be lost upon relinquishing U.S. citizenship. However, sometimes the implementation of policy in practice differs from the rules as printed on paper. Thus, I'd be interested in hearing from anyone who has either been through the process personally, or who has a close friend or relative who has (that is: has relinquished U.S. citizenship, resumed Canadian or other foreign residency, and received U.S. Social security benefits afterwards, while living outside of N. America, such as in SE Asia, as I intend to do.