Since 2010 we’ve been offering Panama Relocation Tours 7-night 6-day all-inclusive tours to educate you about relocating to and living in Panama. We’ve helped 1000’s of people relocate to Panama the easy, stress-free way!
We know it’s a big decision to relocation to a different country, or even sign up for a Panama Relocation Tour, so we offer monthly Q&A calls to answer some of your questions about life in Panama.
This is a replay of the October 2019 Retire in Panama Q & A Conference Call. If you have further questions, please email us.
Note, during this call, a question came up about getting international health insurance. At 65, I pay $2500 a YEAR for international health insurance which covers me in Panama, in North America or anywhere else in the world.
When I turned 65 this year, I had a big decision to make about getting Medicare in the United States or relying exclusively on my international health insurance. I decided to get the minimum requirements for Medicare. When you get closer to 70 years old, international health insurance is either every expensive ( like $5000 a year) or not available though some insurance carriers. Many international insurance carriers have an age restrictions. Therefore, if you are closer to 70 years old when you relocate to Panama, and are a United States citizen, we recommend that you keep Medicare in the United States and get Panama only health insurance which is super affordable and has no age restriction.
If you drop out of Medicare but later want to move back to the United States, or just use Medicare occasionally, you’ll have to pay a penalty to get back in to the system.