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Frequently Asked Questions: Medical Insurance in Mexico

Over the years working with clients trying to live or retire to Mexico, Health care or health insurance are some of their main concerns. Even though the majority of our customers have some sort of coverage in their countries of origin, it is also necessary to have an insurance policy that covers them while in Mexico.

We contacted a Health Insurance Expert, Launa Brockman from Paradise Professional Services to share with her some of the frequently asked questions we get from our clients. Launa Brockman has two decades’ experience helping customers find the right insurance policy, both in America and Mexico.

1.     Is US medical insurance accepted in Mexico?

Generally, no – most policies stop at the border.  Unfortunately, most people don’t realize this until it’s too late.   I advise people to get insurance in place BEFORE they even leave the US – whether moving here full or part time, or just traveling.

2.     What is the best way to get health coverage? What is the average monthly expense?

 The best way is to seek a knowledgeable agent.  One of the best ways to find recommendations is to use the various expat pages on Facebook.   The expat community in Mexico is awesome and very helpful.  As far as the cost, that depends on the person’s age, the type of coverage they want, the deductibles, and the areas of coverage, etc, etc.  There are too many variables to give an average cost, but I can say that in almost all cases, expat health insurance is far less than what Americans are paying in the US.

3.     What about enrolling on IMSS and Seguro Popular?

 I recommend people purchase their own private health insurance plan over using IMSS. I have heard many horror stories.  I have also heard of some people having good experiences with it, but I have heard the negative far more than the positive.   If a person has so many health issues that it is impossible to acquire some type of coverage, then yes – it can be used as a last resort.

4.     I am on disability and get Social Security and have a medicare gap policy here. I can’t find a reasonable health policy in Mexico because of previous health issues. Can you tell me a Website that I can go to in order to find a decent policy at a reasonable price?

I am not aware of a website such as this.  There are various types of policies that don’t require underwriting and offer limited coverages for those not able to acquire a full comprehensive health plan.

The best way to proceed is to find a knowledgeable expat insurance agent who has access to all types of companies and policies to guide you through the process of acquiring some type of insurance in Mexico.   Normally there is something out there for almost everyone.   The coverages may only allow for emergencies and such, but having something is far better than having nothing.

5.     Is there a policy that covers people over 65?

 There are policies that can cover all ages.   My favorite comprehensive health insurance plan allows people up to the age of 74 to apply.   And then once covered the policy will last through all of their life, even if that person should live to 125!   The most important thing – do not put off getting a policy in place!  You want to get a good reasonable health insurance policy in place BEFORE you need it.   I can’t stress this enough.  I have seen people lose their dream of living in Mexico due to health issues.   They had to go back either the states or Canada due to not being insurable and not able to afford the out of pocket expenses for care.

6.     Any other general advice?

In my opinion having health insurance in Mexico is even more important than having it in the US.  Even when they are an option, the general hospitals (IMSS, Seguro Popular, etc) can be extremely busy and poorly staffed. I have personally known of people waiting 2 to 3 days to be seen, and sometimes time is literally a matter of life and death.

The best care in Mexico comes from private hospitals. And they generally will not treat anyone without having payment up front, or a guarantee of payment from an insurance company.

Please let us know if you have any other questions regarding health insurance, or you can contact Launa Brockman at her office in Puerto Aventuras. We are very positive you will find a health insurance policy under her guidance, if you want to contact her for a quote you can also email her.

Top Mexico Real Estate has been helping foreigners to find their ideal home in Mexico. If you have ever considered living or retiring south of the border, our website is the best source of information to get you started.

We believe an educated customer is the happiest customer, so we have a wide variety of exclusive contents that you can download for free. Take advantage of our expertise, have a look at our e-books, videos and webinars!

And remember… at Top Mexico Real Estate,

We Make It Happen!

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Top Mexico Real Estate is an American-owned company based in the heart of the Riviera Maya: Playa del Carmen. We specialize in helping foreigners find and purchase their dream home in Mexico safely.

We love what we do! Over a decade we have been working hard, making dreams come true for our clients. We have become more and more specialized in our field, by getting certifications or just by the experience of helping our clients.

Since we started our company our focus was always to help American and Canadians understand and navigate through the process of purchasing a property in Mexico, and as a result over this time we have built a large collection of documents, eBooks, guides, videos and blogs. This means, any of our clients can benefit from our experience and get to the facts of purchasing a property in Mexico.

We believe that educating our clients is the key to avoid problems, because a client with an understanding of the purchase process is able to make smart choices and avoid delays while buying Real Estate in Mexico.

Top Mexico Real Estate can help you in every step of the way, with our specialized materials, certified buyer’s representatives and a large team of professionals working hard to help you. In our experience, our clients’ interest can be categorized in three stages.

1.   Just looking

For many of our clients, everything starts with an idea, a dream, a question: What if?

What if I moved somewhere new? What if I stopped spending so much money in hotels and owned a property here? What if I forget about winters and owned a piece of paradise in the Caribbean?

This is such an exciting stage: looking on the internet and browsing properties, dreaming of finding your home. If you find yourself at this stage, check out our website or take a look at our eBooks and kits.

We also have a big video library in our YouTube channel, where you can see different properties, interviews with satisfied customers, videos about different neighborhood and even videos of the 25 TOP beaches!

2. Seriously thinking about it

This is crunch time, as you need to understand about owning property in Mexico, steps of the purchasing process,  closing costs, setting up a Bank Trust (fideicomiso), etc. If you are in this stage, we have webinars every month, where we talk about specific topics, or an open forum with an expert answering questions.

Also if you happen to be in the area, we offer a great way to get to know Playa del Carmen: the Live it Tour Express, an exclusive real estate tour in which you can visit different areas, properties and developments to have a better idea of the options available.

3. Ready to buy!

Maybe you feel ready to buy your dream property, but you wish you could experience life in the Caribbean before making a down payment… No problem! Now we can offer you our exclusive Live it Tour. This real estate tour is an amazing experience that mixes business and pleasure, as you will tour hand-picked properties according to your taste, wishes and budget with a buyer’s representative by your side to answer your questions, you will also get one on one sessions with experts who will share with you their knowledge, all this while you enjoy accommodations in luxury all-inclusive resorts or condos.

At this stage you have all the information you need, so the process is easy and enjoyable.  Once you have picked your dream property, our team takes over and makes sure every step is completed in a legal and expedite manner.

All in all, we have all the tools to help you find and purchase a property in Mexico. We have the expertise, certifications and experience to take you from dreaming to owning Real Estate in Mexico.

If you are thinking about retiring in Mexico, we have an exclusive info kit talking about the benefits of living in Mexico. Also if you are interested in purchasing Real Estate in Mexico, we have a decade long experience helping foreigners to find, purchase and enjoy their dream home in Mexico. Contact us if you have any questions, or visit our website and browse our beautiful properties.

Here in Top Mexico Real Estate… We Make it Happen!

 

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Is it time to take a Real Estate Tour?

Chances are you have been to the Riviera Maya several times before, and it’s very possible that during every trip the thought of staying in Mexico has crossed your mind. But… What do you do when that happens? I am guessing nothing because you’re on vacation and focusing on having a great time!

But if you’re seriously thinking about making the Riviera Maya your new home, at some point you will need to dedicate some time to do research about the neighborhoods, look for properties, compare your favorites, and of course actually come and see the properties in person.

The good news is that you can start the process at home.  We have great tools available for you to locate a property by price, style and location. Our listings include a list of similar properties, so you can easily compare and check out other options similar in price and style.

Once you have a list of properties, you can plan a trip to check them out. And this is where our Real Estate Tour fits perfectly!

What is a Real Estate Tour?

It’s a special trip dedicated completely to visiting neighborhoods and properties, and it is an extraordinary opportunity to experience life in the Caribbean.

You can choose to visit Playa del Carmen, Tulum or both. Visit all the properties and neighborhoods you want with one of our buyer’s representatives, who will be there to answer all of your questions and share their experiences with you.

It’s also a chance to take one-on-one sessions with the experts to learn about the purchasing process, property management and other real estate topics. This way you are not only buying a property, but also learning how to make the most out of it!

In short, it’s a chance to dive completely into the process, with all the resources and advice available at all times so you can focus on finding your dream home in Mexico.

What’s included?

  • Accommodation for two in luxury condos or resorts
  • Transportation to and from the airport and to the property tours
  • One-on-one sessions with the experts
  • Access to exclusive educational resources

Who should take this tour?

It’s perfect for people who have been looking for homes and the next step is actually touring the properties.

It’s a must for those who want to experience life in the Caribbean before deciding on a new zip code.

And it’s the best choice if you want to skip the tourist activities and focus on the search of a new home. No distractions. No commitments. Just enjoy the trip and find your home.

Not sure yet?

Read what others are saying about this tour!

“The Live it, Compare it & Buy it Tour was incredible!!! The Real Estate 101 course was very informative. It helped me to understand many things about buying in Mexico and helped me to know what questions to ask also. I’m so excited to move into my new home in Playa del Carmen. Thank you again. God Bless you!!!”

– Lisa

“What I liked best about working with Top Mexico RE was:

  • No high pressure sales tactics
  • Willingness to listen to clients concerns and questions
  • Feeling more like a friend than a client due to reasons 1 and 2.

You advertise to be a buyer’s representative and you live up to your claim!”

– Jim

Book a Real Estate Tour and visit the Riviera Maya to find your dream home. Here in Top Mexico Real Estate we have the right professionals to take you from daydreaming to owning your ideal home in Paradise. We have choices for every taste and budget, browse our website and fall in love!

At TOP Mexico Real Estate… we make it happen!

 

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To buy or to rent? That is the dilemma faced by many of our customers when they consider moving to the Riviera Maya. While this is a decision that has several factors, our recommendation is to look at options for both and compare costs.

In this post we will talk in terms of costs, so you can compare how much would it cost you to rent or to buy exactly the same apartment.

Buying Vs Renting in the Riviera Maya: Cost Comparative

For this simulation we will consider apartments priced just below $200,000 USD, a budget that will allow you to have a spacious condo near the beach. Also, most of the properties in this price range are built with American standards and access to the best amenities.

In this case we chose two similar condos in the exclusive development TAO Residences, an ideal place to enjoy the beaches in a natural environment. TAO offers its residents access to the best amenities such as: beach club, wellness center, golf, and access to hotel amenities at special prices.

RENT BUY
Property characteristics TAO 2 BED/ 2 BATH TAO 2 BED/ 2 BATH

1, 119 Sq. Ft.

TOTAL COST 165,000 USD 165,000 USD
Monthly Payment* $1,800 USD*

(Variable payment)

 

50% Down $82,500 USD

$1443 USD over a 5-year period (fixed payment)

Cost over a 5-year period 108,000 USD 169,080 USD

* Average rental price at Tao Condos: http://www.longtermlettings.com/r/rent/fpk952855/

Please note this is a very simple way to compare. It does not consider the increase of the rent or the increased price of the property after 5 years, but you can see that the cost of renting would save you about 35% percent on a 5-year period, while on the other hand buying the same property would only cost you about $60,000 USD more. Considering these prices and your plans for investment or retirement, you can choose what option works best for your needs.

If you find these prices attractive for buying, you might be interested in knowing that right now TAO is offering exclusive discounts for our clients registering for our latest webinar. You can save up to $44,000 USD and, depending on the unit, you can get a smart car included with the purchase of a home or get a free furniture package, and to top that, they are also offering direct 5 and 7-year financing. Sign up to the webinar to find out the details!

We hope this information is useful when considering options. Of course you can explore other properties on our website. With this budget you can find wonderful options, like this beautiful condo in Akumal, or this spacious 3 bedroom condo in Playa del Secreto.

Here at Top Mexico Real Estate we have an experienced team of professionals helping foreigners like you to find and purchase the perfect property. If you want more information about purchasing Real Estate in Mexico, visit our website to look at properties or download our free eBooks.

At Top Mexico Real Estate…

We Make it Happen!

 

 

 

 

 

 

 

 

 

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Mexico: One of the 12 Best Places to retire in 2016

Mexico: One of the 12 Best Places to retire in 2016

Mexico: One of the 12 Best Places to retire in 2016

Recently, we stumbled across this infographic, and we are happy to see Mexico to be considered among the best places to retire in 2016. We are big believers of the truth in numbers, however we believe that they are not everything.

Mexico has been a place where retirees from North America have been choosing to retire since the last century. Places like Cabo, Lake Chapala and San Miguel de Allende have been popular destinations for a long time and have a big expat community.

There has been a growing number of expats that chose to retire in the Yucatan Peninsula, as it is one of the safest places to live in Mexico. There are also so many options, as you can pick a beautiful colonial home, a modern condo at the beach or even a cabin at the jungle.

According to the latest census, there are about one million foreigners living legally in Mexico and about 800,000 of those are from the US. There is also a big population of snowbirds that come and spend the winter here, according to official numbers about 50,000 foreigners every year.

Read: Mexico: Second best country for expats

Even though more retirees are struggling to live on their pensions in their countries of origin, the dollar has been gaining value against other currencies. At the moment 100 USD would be about 1933 MXN pesos, enough to pay for your groceries for two weeks.

Imagine: you can legally own Real Estate in Mexico, also their immigration policy is very friendly with retirees as the required income to give you a visa is around $1500 USD or less if you own property in Mexico. Also, the Social Security pension can be sent to Mexico by the SSA.

The process to get your Resident Card is pretty straightforward and the whole process can take a couple of months. Not long ago you had to renew your visa every year, but now the law has changed and if you apply for a permanent resident card is a one in a lifetime process.

Something to consider is the cultural familiarity with Hispanic countries, as according to the last census Hispanics are the greatest minority in the US. From Spanish, to tacos and Margaritas… We are sure you will feel at home in this beautiful country.

If you have questions about Retiring in Mexico, we have an exclusive info kit to share our knowledge with our readers. Also if you are interested in purchasing Real Estate in Mexico, we have a decade long experience helping foreigners to find, purchase and enjoy their dream home in Mexico.

Contact us if you have any additional questions, or visit our website and browse our beautiful properties.

Here at TOP MEXICO REAL ESTATE…

We Make it happen!

 

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