The Number One Retirement Fear

by Andy Hough on January 2, 2012

According to an AARP study recently released, health care issues are the number one biggest fear retirees have.

Is retirement affordable?

The biggest challenge for most potential retirees is the cost of care and the ability to stay healthy through retirement. Experts claim one will need an extra $200-$300,000 to pay just for health care. That is not only a scary thought, but those amounts could delay or prevent many people from retiring.
Medical Tourism
You have options

What if there was another option?
It would be wonderful to go to the corner clinic and get what you need at affordable prices. Or to visit a medical facility and actually have a a full hour of appointment time with the doctor to yourself. Or even to be able to have the financial means to pay for a hip replacement, a full physical with X-rays and blood work, or a colonoscopy, eye glasses and dental care straight out-of-pocket.
What if you could do that today?
You can.

You are not alone

Tens of thousands of Americans and Canadians are already looking to Medical Tourism as an alternative to the high costs or excessive wait times in their native countries and are looking to places such as Thailand, India, Singapore, Costa Rica, Mexico or even Eastern Europe for solutions. Boomers more than any other age group are seeking medical care overseas to address health needs such as orthopedic procedures, cancer care and alternative treatments for chronic conditions like arthritis, diabetes and age related conditions.
Currently there are seven million Americans and Canadians living abroad already taking advantage of foreign health care services and that number of expats is expected to double in the next 10 years.

Safety?

What if there were affiliates to Johns Hopkins Hospitals overseas? Would that make you feel more comfortable? What if there were high standards of accreditation for hospitals and clinics? It might surprise to know that this is the case right now.
If this is the first time you have ever heard of Medical Tourism or if you have doubts that it might be an answer for you, take a look at our Medical Tourism Page and familiarize yourself with all the choices available.
Having an alternative to taking care of your health care needs could facilitate your retirement. And it could help you sleep better at night.

About the Authors
Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance and world travel. With the wealth of information they share on their popular website RetireEarlyLifestyle.com, they have been helping people achieve their own retirement dreams since 1991.

{ 4 comments }

Me No Likey January 4, 2012 at 11:04 pm

what kind of bullshit is this? “Experts claim one will need an extra $200-$300,000 to pay just for health care”…what a bunch of crap. are you quoting the fidelity study? for an individual it’s less than half what you’re quoting. you make yourself look like an ass when you throw out bogus figures as a way to promote whatever it is you’re promoting–in this case, medical tourism. what a sorry excuse for a blog.

Emily January 6, 2012 at 2:41 pm

Your best bet is eat extremely healthy and exercise regularly when you’re young, and generally make good health care choices. Then your chances of illness/disease are greatly reduced, even as an older person, and you can probably get away with just carrying catastrophic insurance.

Andy Hough January 6, 2012 at 8:14 pm

The figure is for a couple rather than an individual. The Fidelity study has received a lot of attention. You’re welcome to contribute a link to any studies showing a much lower amount.

Kacie January 23, 2012 at 12:24 am

As a 26-year-old, I have NO IDEA how to factor in healthcare costs to our retirement nest egg goal. I know it’s going to be a big amount, but it’s just too hard to say. I guess the best I can do is make an educated guess, and then use whatever Social Security is available to me to pay for the remainder?

Also, long-term health insurance is something we’ll consider.

Comments on this entry are closed.

{ 9 trackbacks }

Previous post:

Next post: