⟩ Tell me if you are planning to be away for a long trip (possibly a year or longer), do you need to have domestic health insurance with the ACA requirement? Or would your travel medical insurance be enough?
Travel insurance doesn’t cover the ACA requirement, but if you are out of the country for more than 330 days, you don’t have to pay the penalty. If you aren’t going away for that long, you’ll have to either pay the penalty or get insurance. If you aren’t working, you’ll most likely be able to qualify for a waiver since you’ll fall below the income requirement, but it’s best to speak to an accountant for details on that.
