Press Release (ePRNews.com) - VANCOUVER, British Columbia - Nov 09, 2016 - TFG Global is pleased to announce that effective November 1st, 2016 its expat insurance division at Expat Financial is able to offer a PPACA compliant plan for select expatriates that fully meets the Affordable Care Act (ACA) requirements for the IRS. This innovative policy is from Cigna International, a leading and well known global medical provider. As one of Cigna’s leading brokers, we have been granted permission to offer the Global ACA health policy. Only a very select number of brokers in the world are allowed to offer this innovative policy that has been long sought after for American expatriates and expats living in the United States.
Existing individual expat health plans sold in the market today are not PPACA compliant, so this new solution being offered by Cigna through Expat Financial is a great solution for American expatriates. Having compliant coverage will be a great solution for expats who need this vital coverage when living overseas and do not want to purchase two separate plans – one domestic and another for international.
The Cigna ACA Global Health plan is offered by TFG Global via its Expat Financial web site at: http://expatfinancial.com/?page_id=11912&preview=true.
The policy offers excellent health coverage with the following benefits for expats who require American Patient Protection and Affordable Care Act (PPACA) complaint coverage in order to be covered globally including the USA and avoid the significant tax penalties associated with not complying with the ACA.
Previously, some expats had to purchase a domestic US ACA compliant plan in the USA and a global health plan to cover them abroad in order to avoid the IRS penalties, which can be quite significant for higher income earners. Now they can get one global policy and remain compliant with the Obamacare rules. The fines increase every year. An individual or family with an income over $83,400 can pay a penalty equal to 2.5% of their income in 2016 if they don’t meet their individual mandate to obtain compliant healthcare under the PPACA rules. Compliance is a personal choice.
The ACA applies to US citizens, legal US residents, resident aliens and non-resident aliens required to file tax forms unless they meet an existing exemption such as being out of the USA for more than 330 days or being a bona fide foreign resident.
The global health plan from Cigna includes hospital care, out-patient services, tests and scans, cancer and mental health treatment, maternity and preventative care and more. The policy even has optional dental, vision and evacuation. The global policy automatically includes coverage for the USA and even covers pre-existing medical conditions.
There are a range of deductible and coinsurance choices that are available to:
Eligible customers for the Cigna ACA Global Health Plan which can include expats under age 65 who are:
– Non-US Nationals residing in the U.S. under an eligible visa or green card (Inbound)
– US Nationals residing out of the U.S. (Outbound)
David Tompkins, President of TFG Global, noted that “we are pleased to be able to offer this comprehensive global policy for American expats and some non-US citizens residing in the USA. We have been clamoring for a PPACA compliant plan for expats and are honored to have such an exclusive contract to offer this international health plan.”
David Tompkins also remarked that “with the recent Donald Trump victory it is unclear how any repeal of Obamacare will shake out and impact any ACA expat health plan offered by Cigna.”
For more information on how the new Cigna Global ACA Health plan can benefit expatriates, please contact us for more information. We also offer expats the ability to request a quote for the Cigna ACA plan online via: http://expatfinancial.com/cigna-global-aca-quote-request/ Source :
TFG Global Insurance Solutions Ltd.