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With the news that the average retiree can expect to spend $250,000 in uninsured medical care, and that the reward for living into your nineties can mean a health care bill of more than $400,000, it’s no wonder that people are looking for affordable health care when they retire. Many people are finding exactly what they’re looking for in Mexico, where the cost of health care is 50% to 75% lower in some cases than comparable health care services in the United States.

Because of its status as a tourist destination, Puerto Vallarta is a great place to find high-quality, affordable health and dental care. Finding good dental care in retirement is important because having access to good dental care is critical for maintaining overall health. Additionally, 50 percent of people over the age of 55 wear partial or complete dentures.

In addition to health care services, seniors can find affordable health care support, such as low-cost prescription drugs, eyeglasses, hearing aids and more. For seniors who are healthy and mobile, finding household assistance with laundry, meals, landscaping and housekeeping is easy. Puerto Vallarta has a willing and able work force. Such personal assistance is both common and affordable among the retirees who live here part-time or year-round. Seniors can also find trained assistants who can monitor the status of an older person or provide more skilled in-home care when needed.

Affordable health care is just one of the many benefits that retirees will enjoy in Puerto Vallarta. Having access to high quality, affordable health care means that seniors can spend more of their retirement savings on the things that make retirement enjoyable.

For more information about retiring in affordable luxury in Puerto Vallarta, please contact a Select Mexico Properties sales representative today.

Photo Credit: Vangelis Thomaidis

Many retirees consider a move to Mexico because of the amazing cost of living here. Most purchases cost between 50% and 75% less than they do in the United States. There are some exceptions, but the “big-ticket” items for retirees are very inexpensive here. Puerto Vallarta health care is one prime example.

A second reason that retirees consider a move to Mexico is the cost and availability of medical services. Puerto Vallarta has two brand new hospitals that provide coverage for just about any health specialty you can think of. You can get all of the state-of-the-art diagnostic tests here as well as emergency treatment and ongoing care for diagnosed and chronic conditions.

This is good news, considering that the average American retiree can expect to spend $250,000 on uninsured medical expenses after the age of 65. For retires who live into their nineties, the uninsured medical costs can soar above $400,000. In addition to finding steep discounts on high-quality medical care, retirees here can expect to find similar discounts on prescription drugs, the other major expense in retirement.

One concern about moving to Mexico is the fact that Medicare will not pay for any health care here. Many retirees believe that Medicare covers most or all of your health care needs after you retire. Unfortunately, Medicare only covers a portion of your health care costs. The rest is up to you.

The cost of health care is such that in the US, retirees may spend more on their health care needs even with insurance coverage than they would spend if they received the same care in Mexico with no insurance coverage at all. To make matters worse, the cost of health care has long outpaced inflation, so the percentage of income spent on health care needs after retirement is steadily rising.

If you’re concerned that the high cost of health care will leave you without sufficient capital to meet your health care needs, consider the broad availability of low-cost Puerto Vallarta health care services when you’re making your retirement plans. For more information about Puerto Vallarta health care services, please contact a Select Mexico Properties sales representative today.

Photo Credit: Iwan Beijes

A growing US trend, referred to as medical tourism, enables people from the US to receive high-quality medical care outside of the country for a fraction of its US cost. Many people, especially older folks, suffer instead of having their problems treated, primarily because the cost of treatment in the US is prohibitive. In response, US doctors are now beginning to organize “medical tourism trips” to places like Mexico for their patients. People have traveled south of the border for years to receive low-cost care, but what’s different here is that the US doctors are actually traveling with their patients to Mexico. But what does this have to do with Mexico real estate?

First, for someone who needs treatment for a chronic illness, or whose treatment stretches out over a long period of time, traveling back and forth to Mexico isn’t practical. That person can still take advantage of the savings however, if they own Mexico real estate, giving them a place to stay for treatment and recovery.

Second, Mexico real estate is highly affordable right now, and in certain areas – like Puerto Vallarta – the price of land is expected to double in the next five years. It’s investment potential is huge. Purchasing Mexico real estate right now and taking advantage of its appreciation can help you survive an illness and recovery with your savings intact.

Third, medical services aren’t the only areas in which you can save significantly. Just about everything costs substantially less in Mexico than it does in the US. There’s no better way to recover your physical and financial health than by investing in Mexico real estate right now. More than 1.5 million Americans own residential real estate in Mexico, and it’s a good bet that Mexico features prominently in their retirement plans.

It makes sense to consider building a home in an area like Puerto Vallarta. The expenses most likely to consume your retirement savings are health care, prescription drugs, and housing. In Puerto Vallarta, those costs are 50 percent to 75 percent less than they are in the US. You can really stretch your retirement savings to cover a comfortable lifestyle in Mexico, where you may struggle to pay these expenses in the US.

If you want to know more about how Mexico real estate can help finance your retirement plans, please contact a Select Mexico Properties sales representative today. We can show you how to take advantage of the rising value of real estate here in Puerto Vallarta in the coming years.

Photo Credit: Remco Frank