Expats and the ACA

[Refresher]

Wondering how US citizens living outside the country are handling the ACA.

Will you just pay the premiums and maybe never use the services?
Pay the penalty?
Or are there exemptions for those outside the country.

 

[MichaelB]

If you meet either the boca fide residence test or the physical presence test you are not subject to the individual mandate to buy insurance. This rule is applied monthly.

 

[Refresher]

Wonder if there is an option to use a US address and just pay the premiums even if outside the country .
With subsidies low income premiums may only be a few hundred dollars a year.

 

[MichaelB]

Wonder if there is an option to use a US address and just pay the premiums even if outside the country .
With subsidies low income premiums may only be a few hundred dollars a year.

You need to be a resident of the state to use the exchange. To be eligible for premium assistance your MAGI must be less than 400% of the FPL and the MAGI includes income excluded under FEIE. As long as you meet these requirements there is no reason not to do what you suggest.