Many are contemplating retiring overseas. It is much cheaper to live overseas and economic conditions in the US and Canada is forcing folks to expand their retirement horizons.
Per Money magazine, 250,000 of us are moving overseas this year.over a million are considering doing so. The Social Security administration currently sends checks to 450,000 Americans retired overseas. There are one million Americans, all ages, now living in Mexico.
OK it is wonderful that retiring overseas is cheap, $1,000 to $2,500 a month will give you a grand lifestyle in Latin American countries.some like Europe. Nevertheless, how about health care.cheap living is great but what happens if I get sick?
Fair question.America has the best health care in the world; bar none.it is also the most expensive. Moreover, if you think it is going to get cheaper in 2010 you are not in touch with reality.
We lived overseas for 8 years. In 1996, my wife and I had Lasik surgery done in Venezuela. It was cheap, $350 an eye, and the surgeon was an LSU graduate. We trusted our eyesight to a foreign doctor.
In Mexico right now, doctors will make house calls for $35, a crown costs $200, health insurance is $270 a year.not a month, a year. If you self pay a private hospital room will cost around $50 a day.including meals.
Why is health care so cheap overseas? The short version is no one sues one another overseas.
If you are contemplating retiring overseas health care should not be a concern.
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