Does Insurance from Abroad, Count as Minimum Essential Coverage?

My wife and I recently became permanent residents (Green Card) of the US. We currently have longterm health insurance from Japan which covers individuals living abroad. Will this be considered minimum essential coverage or will we need to purchase separate health insurance? I understand the deadline is 2/15. Please let us know.

Minimum Essential Coverage

What is Minimum Essential Coverage (MEC)? Minimum Essential Coverage is health insurance that meets the requirements of the ObamaCare (the Affordable Care Act). This generally means coverage offers 10 essential benefits and meets actuarial value standards. Most coverage offered in the employer, private, and public markets are Minimum Essential Coverage. Meanwhile, short term and limited…

Short Term Health Insurance As Primary Coverage

Getting Short Term Health Insurance Instead of ObamaCare Short term health insurance can be used as primary health coverage in some cases. This is especially true for those who are healthy and want to keep costs low. Using Short Term Coverage As a Primary Health Insurance Using short term as your primary health insurance is…

Summary of Benefits and Coverage (SBC)

Your health plan’s Summary of Benefits and Coverage (SBC) is a summary of what your plan covers in terms of benefits and cost sharing, and explanations of how everything works. We suggest opening up a Summary of Benefits and Coverage sheet as you follow along. The Summary of Benefits and Coverage PDF can be found…

Medicare Part D (Drug Coverage)

What is Medicare Prescription Drug Coverage Medicare Part D, or Medicare Prescription Drug Coverage, covers the gap between your prescription drug needs and Original Medicare. Original Medicare (Parts A and B) includes basic drug coverage. However, many Medicare beneficiaries have prescription drug needs outside of what parts A and B covers. Medicare Part D is…

ObamaCare Essential Health Benefits

What Are Essential Health Benefits? Ten Essential Health Benefits must be offered at no dollar limits on every health plan under the Affordable Care Act (ObamaCare). Essential Health Benefits consist of ten categories of items and services required for all individual and small group plans after 2014. Essential Health Benefits are the types of care…

What Student Plans Count for ObamaCare?

A student health plan counts as Minimum Essential Coverage for ObamaCare for ObamaCare if it’s fully insured or self insured, paying for university medical or counseling services doesn’t necessarily count as a student plan.

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