Join Early Retirement Today
Thread Tools Search this Thread Display Modes
critical-illness insurance
Old 03-06-2006, 04:32 PM   #1
Confused about dryer sheets
Join Date: Mar 2006
Posts: 4
critical-illness insurance

I will be retiring abroad in a country (not South America or Canada) with relatively inexpensive health insurance costs. But I know I will be getting sub standard care. I believe that US provides best health care but unfortunately staying in US is not possible. I looked into health insurance for people living overseas from Global Medical insurance I really do not know anything about this company. I do not think they pay much when it comes to actually paying claims. To continue with Blue Cross in my state or any other state is not possible as regular health insurance requires state residency and I will be residing overseas. I do not like idea of getting insurance first and not complying with policy later. Insurance company will use every opportunity not to pay claims and simply refund premiums paid. So I am looking into critical illness policy from number of companies such as Aflac, Metlife, etc. This policy is different from cancer policy. It will include major illnesses and provide full payment if person is diagnosed with one of the defined illnesses. This policy has no deductibles, co-payments, etc. it DOES NOT require TO SUBMIT CLAIMS for medical care EXCEPT ORIGINAL CLAIM with diagnosis. Premiums are as follows: 150k benefit, 50 year female 1500 annually. 2500 for 55 year old male. Premiums never change. I would like to know if anybody holding such policy or what members think about it in my situation. Thank you

ret101 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: critical-illness insurance
Old 03-06-2006, 04:58 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
Join Date: Apr 2003
Location: Hooverville
Posts: 22,530
Re: critical-illness insurance

I can't answer your question, but there was a woman who posted here 2 years ago who moved to Argentina. She bought a policy that covered her anywhere in the world. The only restriction that I remember was that she could only spend 2 months out of any year in the USA. I forgot her screen name, but if you search on tango, Buenos Aires, or San Francisco you might find the reference.


"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: critical-illness insurance
Old 03-06-2006, 06:52 PM   #3
Confused about dryer sheets
Join Date: Mar 2006
Posts: 4
Re: critical-illness insurance

Thank you. This is insurance I mentioned in my post. It is correct that it restricts residency in US to limited number of days. The only problem is I do not think this kind of insurance will pay much. I hope members that are not interested in living overseas will look into critical-illness insurance. Having health insurance in US does not preclude from having hundreds of thousands in out of pocket expenses. Sometime ago I read article that drug companies set up charitable organizations to help people to pay co pays so they can get expensive medicine. We all know that drug companies not about charity.
ret101 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance... bamboogrrrl Young Dreamers 20 08-09-2007 08:45 AM
Fed employee life insurance ats5g FIRE and Money 2 10-10-2006 10:44 PM
The book, The New Health Insurance Solution Martha FIRE and Money 20 05-15-2006 10:16 AM
Bad news insurance bill Martha FIRE and Money 6 05-08-2006 09:37 AM
stop loss insurance perinova FIRE and Money 0 04-23-2006 08:26 PM


All times are GMT -6. The time now is 12:09 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.