Thomas Lloyd,  Broker By Thomas Lloyd
2010-06-24

A recent report has indicated that health care costs in the U.S are still on their way up. While this is discouraging news for just about everyone, there is some good news. Buying Mexico real estate and planning to live in Mexico

even part time can save thousands of dollars in health care expenses for both retirees and families.

Experts predict that the high rate of medical inflation is going to continue during this year, next year and quite possibly beyond. The rate for recent years has been around 9%, and predictions for 2011 are about the same.

Those who have insurance, either private or through work, will also feel this impact of this increase. Some people will see an increase in premiums, others will see an increase deductibles. In 2007, 25% of Americans with insurance through their employer had deductibles of $400 or more. In 2010 the number had increased to 43%, and will probably pass 50% for 2011. Some employees will see both premiums and deductibles rise, and some may no longer receive insurance through their employer in the future.

The cost of health care in Mexico has always been considerably lower than in the U.S., and this difference is always becoming more noticeable. The biggest difference between now and the past, however, is that now Mexico's private health care facilities have in many cases equalled or surpassed the quality of U.S. hospitals. The World Health Organization has attested to this, and a recent move to have more Mexican hospitals certified by U.S. standards has confirmed this fact even more definitely. Many U.S. patients feel that doctors in Mexico give more personal attention, taking time to sit down and talk to patients.

How much does world-class health care cost in Mexico? On average, 50-70% less than in the U.S., depending on the procedure needed. Doctor's appointments typically cost about $20. A good selection of reputable generics also makes medicine costs lower. Insurance also costs about 65% less than in the U.S.; a family of 2 adults and 2 children can be insured with complete coverage for about $1500 per year. This adds up to thousands of dollars in savings.

One example of an excellent choice both for families and retirees is Lake Chapala real estate; the towns of Chapala and Ajijic are safe, quiet communities, where homes can be bought for reasonable prices. A bit less than an hour up the road is Guadalajara, Mexico's second largest city, and one of the prime centers for top health care services in Mexico. This having been said, many other locations throughout Mexico offer excellent hospitals and very affordable access to world-class health care.

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Region:  Playa del Carmen real estate.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.

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