Originally Posted by houcoogster
Would it be legal for a US citizen to go to say Grand Cayman and buy a limited benefit plan that would cover them in the US and or Abroad?
I figured if anybody would know about a loophole you might.
If you are talking about plans for international travelers and expats, those plans typically have limited coverage in your home country. By limited, I mean limited by time. You might be able to be covered for a few weeks out of the year in your home country.
My guess is that one would be better off with a non compliant catastrophic plan, but that is just a guess since I haven't looked at any of those plans.
Neither option would help someone avoid a tax penalty.