Medicare is affordable health insurance for US citizens. You must be 65 to sign up. There are no age restrictions and no pre-existing condition restrictions.
I have always read that you cannot use Medicare in Panama. But, I recently discovered that you CAN use Medicare in Panama! You’ll need a “special Medicare Advantage account” that can be used for urgent care or emergencies in Panama. Best of all, there is a $0 additional cost for this special account! Besides Medicare Part A, you’ll need to pay for Medicare Part B, which is currently about $170 per month. For most retirees, their Medicare premium is taken directly out of their Social Security payment.
This news is especially good for United States citizens who have pre-existing conditions because they may not be able to get Panama insurance or get international health insurance. Currently, most Panama insurance companies will not write a new policy for many preexisting conditions or they will exclude them.
In Panama, when you use Medicare, you’ll need to pay the doctor or hospital up front, then file a claim to be reimbursed. Of course, Medicare can also be used in the United States, and it can be used for prescription medications to be mailed to Panama using a mail forwarding company. You can get your medications from Amazon Pharmacy or any other pharmacy that will mail prescriptions.
Because basic medical care is so affordable in Panama, you can just pay for a routine doctor visit or lab work.
But if you have a medical emergency or need urgent care in Panama, you can file a claim with Medicare to be reimbursed.
It may not be necessary to get other insurance in Panama if you have the right Medicare Advantage Plan.
This is how it works: a Panama Relocation Tour alumnus recently wrote that his wife broke her ankle shortly after moving to Panama and needed emergency surgery. They had to pay the hospital, then they filed a claim and were reimbursed by Medicare in less than three months. See this video interview with an expat Medicate Advantage expert for more details.
Being able to use Medicare in Panama is a GAME-CHANGER for many would-be expats!
It costs $0 to switch to the right Medicare Advantage Plan. For most plans, the only fee you’ll pay is what you are already paying for Medicare Part B. There is no additional charge for the special Medicare Advantage Plan.
Most insurance agents, even Medicare specialists, do not know that you can use Medicare in Panama or how to find the right Medicare Advantage plan. Of course, Panama insurance agents cannot help you with Medicare. We recommend two Medicare Advantage experts in the Complete Panama Relocation Guide. They specialize in working with expats to get the right Medicare Advantage plan so you are covered for medical emergencies and urgent care in Panama.
In our Complete Panama Relocation Guide, we have more information and a one-hour video about how you can use Medicare in Panama. You must be careful to pick the right kind of “special account” so you’ll be covered in Panama. We have expert help and guidance in the Complete Panama Relocation Guide.
If you’re not a US citizen or not yet 65, the Complete Panama Relocation Guide also has other very affordable health insurance information for you too! If you’re 60-69, your insurance will cost about $102 monthly.
You really can live better for less in Panama!
Of course, the Complete Panama Relocation Guide also contains all the information you need to know to have a smooth, hassle-free move to Panama.