For Americans planning a Mexico retirement, there could be some great news coming up; the President of Mexico, Felipe Calderon, is planning to discuss the possibility of expanding Medicare coverage to Mexican hospitals with U.S. officials this week (May 19, 2010) This move would make the prospect of buying real estate in Playa del Carmen to plan for retirement even more attractive than it already is.
One major attraction for retiring in Playa del Carmen, as well as other parts of Mexico, has already been the cost of healthcare, which is, on average, about 70% cheaper than in the U.S. The current move on the part of the Mexican government would seek to have more hospitals certified by the U.S. Joint International Commission (JIC), guaranteeing that they meet U.S. standards for hospitals. Eight Mexican hospitals have already been certified, and a few more are in the process.
The JIC certification could lead to these hospitals being authorized to be covered by Medicare. This is excellent news for millions of Americans who will be retiring in the next few decades. Currently the there are about 40 million retirees; by 2050, experts say there will be about 90 million. As these numbers grow, and there is more strain on the American system, it will be more and more attractive for retirees to head south, and even for the government to authorize this type of deal.
Those looking ahead to plan for retirement during these upcoming decades will do well to do so, whether the Medicare deal is made immediately or not. Favorite property options for retirees include Playa del Carmen land, for those who have the time to invest in building their own dream home for the most relaxing years of their lives.
Another attractive option is Playa del Carmen Condos. Condos include maintenance, which is a bonus when thinking of retirement. They also allow the option of income from rental – either vacation rentals or long term – which is ideal for those who wish to buy their condo before retirement and help cover ownership expenses in the meantime, and likewise for retirees only coming down for part of the year.
President Calderon has stated that if the Medicare proposal does not move ahead this visit, he will bring it up again in the future; as mentioned above, this arrangement will also continue to be more attractive for the U.S. government, and when it goes through, buyers who invest now will be set to enjoy their retirement in Playa del Carmen with that added convenience.
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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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