Social security recipients are paid regardless of where they live. Would be nice if Medicare would just pay overseas recipients a fixed amount on a regular basis just like Social security. If the cost medical services is below the fixed amount, then recipients can keep the diff. Otherwise the recipients will be responsible for the diff. No need to process claims which greatly reduces fraud and paperworks. US usually has higher medical cost than most countries. This will allow Americans to retire wherever they want to.🙂
if Medicare would cover my surgery in Thailand which is much cheaper i would not have to fly back to the States for the operation. it would save the U.S. taxpayer millions.
@@2Rugrats9597 Exactly! I am also retiring in Thailand but maintaining Medicare back home (just in case). My plan is to budget so that I can take care of most healthcare needs in Thailand, including those surgeries which would be easiest or cheapest over there. Medical tourism is a thing in Thailand for that very reason. Excellent post-op care as well in Thailand. You can hire a live-in nurse for less than 60 bucks a day, which is a godsend for recovery, esp if you don't have a spouse to care for you afterward.
If I stay in a country with a national health insurance sysyem and am covered from that after age 65, how does Medicare enrollment requirement after age 65 kick in waive the requirement until my return to the US?
It’s best to get in contact with the Social Security Administration. Some parts of Medicare cannot be delayed penalty free even if you are living outside the country.
If u have Medicare and use Kaiser plan, Kaiser will reimburse you for up to 6 months. Then u go back to USA and then return and get another 6 months. One person asked Kaiser if he lived overseas would they get reimbursed without returning to the USA, and kaiser told him they are not sure.
If you have a F, G or N supplement and you take 2 or more 60 day foreign trips per year, are you covered for each trip or only 60 days/year?. Specifically, can I take my boat to the Caribbean or Bahamas, stay for 60 days, return to the US briefly and touch American soil, then fly back to the foreign countries and restart another 60 day trip and be covered again for the next 60 days? Thanks, much.
The way the outline of coverage I'm looking at reads is this, "Medically necessary emergency care services beginning during the first 60 days of each trip outside the USA." Seems like it would be for each trip even if there are multiple trips in a year. It's always a good idea to contact your Medicare Supplement insurance company to verify. There are also travel insurance policies that can be purchased to cover a year at a time for folks planning to travel frequently throughout a given year.
What if we have moved permanently it's costing me over 700 dollars just for supplement for me and wife but would like to have coverage in case of medical problem would basic mediacare a and b be enough to maintain. That alone is 80/20 coverage I thought
The issue with the 80/20 split of Original Medicare is your 20% split has no out-of-pocket maximum. You could think about switching to a High Deductible Plan F or G Supplement that would at least put a cap on your out-of-pocket exposure and hopefully bring your premiums down significantly without changing your access to providers. Contact your current carrier to see if they offer a High Deductible F or G.
Social security recipients are paid regardless of where they live. Would be nice if Medicare would just pay overseas recipients a fixed amount on a regular basis just like Social security. If the cost medical services is below the fixed amount, then recipients can keep the diff. Otherwise the recipients will be responsible for the diff. No need to process claims which greatly reduces fraud and paperworks. US usually has higher medical cost than most countries. This will allow Americans to retire wherever they want to.🙂
It would be nice for retirees to have more control over their Medicare benefits, wouldn't it!?
if Medicare would cover my surgery in Thailand which is much cheaper i would not have to fly back to the States for the operation. it would save the U.S. taxpayer millions.
It's definitely not a perfect system. Good luck to you!
You’re absolutely right. The medical cost in Thailand is inexpensive.
If it’s cheaper, why not do the surgery anyway.
@@2Rugrats9597 Exactly! I am also retiring in Thailand but maintaining Medicare back home (just in case). My plan is to budget so that I can take care of most healthcare needs in Thailand, including those surgeries which would be easiest or cheapest over there. Medical tourism is a thing in Thailand for that very reason. Excellent post-op care as well in Thailand. You can hire a live-in nurse for less than 60 bucks a day, which is a godsend for recovery, esp if you don't have a spouse to care for you afterward.
Thailand so much better
Valuable info, thanks!
If I stay in a country with a national health insurance sysyem and am covered from that after age 65, how does Medicare enrollment requirement after age 65 kick in waive the requirement until my return to the US?
It’s best to get in contact with the Social Security Administration. Some parts of Medicare cannot be delayed penalty free even if you are living outside the country.
If u have Medicare and use Kaiser plan, Kaiser will reimburse you for up to 6 months. Then u go back to USA and then return and get another 6 months. One person asked Kaiser if he lived overseas would they get reimbursed without returning to the USA, and kaiser told him they are not sure.
How much. For. 5. Or. 6. Months. Insurance. Plan. For. Overseas
If you have a F, G or N supplement and you take 2 or more 60 day foreign trips per year, are you covered for each trip or only 60 days/year?. Specifically, can I take my boat to the Caribbean or Bahamas, stay for 60 days, return to the US briefly and touch American soil, then fly back to the foreign countries and restart another 60 day trip and be covered again for the next 60 days? Thanks, much.
The way the outline of coverage I'm looking at reads is this, "Medically necessary emergency care services beginning during the first 60 days of each trip outside the USA." Seems like it would be for each trip even if there are multiple trips in a year. It's always a good idea to contact your Medicare Supplement insurance company to verify. There are also travel insurance policies that can be purchased to cover a year at a time for folks planning to travel frequently throughout a given year.
What about US citizens retiring abroad?
Hi there! Listen to our latest podcast at minute mark 16:05 - we talk about this very thing! czcams.com/video/3kOPswBeuXc/video.html
What if we have moved permanently it's costing me over 700 dollars just for supplement for me and wife but would like to have coverage in case of medical problem would basic mediacare a and b be enough to maintain. That alone is 80/20 coverage I thought
The issue with the 80/20 split of Original Medicare is your 20% split has no out-of-pocket maximum. You could think about switching to a High Deductible Plan F or G Supplement that would at least put a cap on your out-of-pocket exposure and hopefully bring your premiums down significantly without changing your access to providers. Contact your current carrier to see if they offer a High Deductible F or G.
Kindly send me the book
Thank u
Please email me your name and address. Elliott@WeRetireSmart.com Thank you!
Good video!
Thanks!