Many have asked about the ObamaCare Minimum Health Care Insurance Coverage Fine/Penalty/Tax that will be required for Individuals that live OUTSIDE the United States and are covered by foreign insurance. Below is our research and response:

According to U.S.C. Title 26 – INTERNAL REVENUE CODE cropped below:

CHAPTER 48—MAINTENANCE OF MINIMUM ESSENTIAL COVERAGE

(a) Requirement to maintain minimum essential coverage

An applicable individual shall for each month beginning after 2013 ensure that the individual, and any dependent of the individual who is an applicable individual, is covered under minimum essential coverage for such month.

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We have found the following site – Questions and Answers on the Individual Shared Responsibility Provision

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According to the site above –

12. Are US citizens living abroad subject to the individual shared responsibility provision? Read More