Frequently Asked Questions (FAQs)

Patient Protection and Affordable Care Act (PPACA)

The "Patient Protection and Affordable Care Act," commonly known as PPACA, was first introduced as a measure to deal with rising healthcare costs and numbers of uninsured.

The heart of PPACA consists of three provisions: guaranteed issue (insurers must offer coverage regardless of the applicant's health status or pre-existing conditions), community rating (insurers must offer policies within a given territory at the same price regardless of health status, age, gender, or other factors), and an individual mandate. The individual mandate assures that everyone has a minimum amount of coverage: those above a certain annual income are required to purchase coverage or incur a tax penalty; those who cannot afford it will have their coverage paid for by the government.

As PPACA continues to be implemented and challenged throughout the country, understanding the issues and implications for the international insurance industry and your business becomes all the more important.

We frequently receive questions about PPACA from producers and customers. Below are some frequently asked questions and answers to help you understand PPACA’s impact on the international insurance business.

Patient Protection and Affordable Care Act FAQs

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  • I am a U.S. Citizen. Am I eligible for your Global Medical Insurance (GMI) plan?

  • What will my tax be if I am required to have PPACA coverage, but do not purchase it?

  • I am a Non-U.S. citizen covered under a Global Medical Insurance Plan. Does the individual mandate apply to me?

  • I am a non-U.S. citizen that will be temporarily traveling to the U.S. Do I need PPACA coverage?

  • I am a U.S. citizen that will be temporarily traveling outside of the U.S. Do I need PPACA coverage for this?

  • I am an individual residing outside of my home country and covered under an employer group plan. Does PPACA apply to me?

  • I am a non-U.S. citizen and an international student. Will PPACA’s individual mandate affect my IMG plan?

  • Is my insurance plan with IMG considered “health insurance coverage” under PPACA?