Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Expat health insurance
Old 12-09-2013, 08:33 PM   #1
Recycles dryer sheets
Join Date: May 2005
Posts: 190
Expat health insurance

I am trying to decide whether to get local health insurance, it is just for hospitalization and limit is approx. 20000USD/yr for both spouses combined, Premium/yr age wise:

40- 300
45- 500
50- 700
55- 850
60- 1000

If I get the insurance now, there is no preexisting condition limitation. But once there is a preexisting condition, it will be very difficult to find insurance and will be expensive. If I have the policy, they can not drop as long as I pay the insurance and it is transferable to other providers.

I can do self-insure as it is like putting 20000 in a bond fund as present value of all future premiums is approximately same. But if I get insurance and a need arises then health insurance amount-20k will be available each year as long as I keep the policy and there is a need.

There is one more option at half price, I will have around 6000 deductible with the same upper limit.

For medical cost reference, recently it cost someone around 50k for 35 days in hospital with two regular (not complex) surgeries.

I plan to live both in the US/here spending half the time at each place after (E)R. But this plan can change and is much further away in future.

landover 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!

Old 12-09-2013, 10:52 PM   #2
Recycles dryer sheets
Join Date: Dec 2011
Posts: 388
Although once you have purchased the policy with a right to renew in subsequent years, does the insurance company make any guarantee as to the future level of premiums? Also, will they sell you insurance as long as you are alive or is there an age cutoff as well? If there is a risk that you could be cutoff when you need it most either from age or because the premiums become too expensive you should be aware of it.
Khufu is offline   Reply With Quote

expat health insurance

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
Health Insurance gunner1 Health and Early Retirement 9 05-21-2012 04:26 AM
56 and hopefully out in 2 - - - but with health insurance issues! Spokane2303 Hi, I am... 3 01-29-2012 12:12 PM
Health Insurance in W Europe Whisper9999 Life after FIRE 24 08-01-2011 08:47 PM
Massachusetts Individual Health Insurance inquisitive Health and Early Retirement 9 06-28-2011 08:22 AM


All times are GMT -6. The time now is 01:34 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.