Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Taxes and Healthcare in U.S. Is Different

9 May 2025 · 1 min

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0:41

A short transcript from a YouTube conversation (recorded May 9, 2025) in which Richard Canfield asks a guest about differences in obtaining and using health insurance after moving countries. The guest (Speaker B) states that tax advantages in the U.S. are large ("tens of thousands of dollars a year"), that preexisting conditions do not affect new purchases of healthcare but age does, that physical exams are not required, and that insurers may ask about conditions currently under treatment when someone first signs up mid-treatment.

Questions this video answers

"Tens of thousands of dollars a year."

"Preexisting conditions don't count when you buy healthcare. Your age does."

Chapters

What's been your experience now, living there for eight years for you guys as far as both having insurance, getting it, and the difference between your experience with the system that you live in today versus the one that you are accustomed to for your entire life prior to.
Really different strategy. The tax advantages are incredible. You are going to save literally tens of thousands of dollars a year off your taxes, number one. Number two, preexisting conditions don't count when you buy healthcare. Your age does. Of course, there is no physical. Obviously, if you have, let's say you're in the middle of treating something and it's the first time you're getting on the insurance here, then they may ask you if there's something you're currently treating.