Avoiding penalty when cancelling US health insurance

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Member since 11 August 2015

Books&WineMember20 April 2016 15:29:15

When we relocate to Boquete in a few months, we will cancel our Obamacare health insurance policy. Will we be subject to penalty by US government for not having health insurance or is there a waiver we can obtain for being out of the US? Any information is appreciated, or point me in direction to find out. Thanks!

Kim & Bill
Enjoying our last Ohio spring
Selling snow thrower
House will go on market soon
Can you tell we are excited!? 😃

lapapuja Active member

Member since 22 December 2013

lapapujaActive member21 April 2016 01:06:49

You can check the website for exemptions to the health care laws. There are several but it depends on your particular situation

mcmoller Member

Member since 13 September 2013

mcmollerMember02 May 2016 14:48:35

One exemption I use is living 333 days out of the US. My husband has an exemption with having VA health care, even though he can't use it here in Panama. It is best to check all details with the IRS or ObamaCare website.

GuestPoster11975 Guest

GuestPoster11975Guest02 May 2016 15:30:34

214245

We have been here in Panama and did our tax return. We have international health coverage. We simply checked the yes box that we had coverage, as advised by our CPA.

Check with your CPA.

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