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Like many visitors and retirees to Panama, I had read about how good the health care is in Panama and how affordable health insurance is. Yet, when I went to get some quotes for health insurance I was quoted fairly high prices, not that far off US prices in many cases, with lesser cover.
I recently came across a health plan that seems to be the best I have seen so far. Unfortunately it is all in Spanish, but I understand enough to get the basics. It is a PPO with just Panama coverage, and as an example the cost for a 50 year old man is less than $60 per month. The limits and co pays I think are pretty good. Anyway, if there is enough interest I may have the information translated into English for other expats to look at. Please contact us if you want more information and we can put you in touch with an English speaking rep.
Please note that there is no benefit to us by recommending this health insurance policy or company over any other, just based on our personal experiences which we are trying to pass on to other expats.
Patients from all corners of the world are now looking forward
to health tourism
and suddenly Panama has become the center of it. Panama never
runs short of qualified doctors and advanced medical amenities
in treating cosmetic surgery,
chronic renal failure or Spa Treatments.
As for the currency, the dollar is the official exchange,
while the airfare to Panama is pretty
low. Moreover, Panama can be reached in a short time from
all parts of U.S and is catered by various international airlines.
Health insurance in Panama is witnessing a great increase
along with the treatment facilities. Before going to the details
about health insurance in Panama, let’s share one or
two words about health insurance in general. Health insurance
acts as a protective shield for you and your family from escalating
financial hardships at the time of ailments. You should know
about the four basic health insurance types before thinking
of Panama health tourism.
To begin with, people who are not either covered by their
employer or their family gets coverage under individual medical
coverage. Medical supplement insurance, the second type, is
designed for elderly people seeking additional coverage for
medical expenses that normal policies don’t cover. Hospital
income insurance is the third type. This complements your
main health insurance scheme, taking care of unforeseen expenditures.
The last one is disability insurance, coming in several forms.
Now, we will know about health insurance in Panama in particular.
The next eye surgery in Panama
or an angioplasty treatment of any of your near and dear ones
is about to be pocket-friendly once you secure suitable coverage.
There is no lack of local insurance companies that proffer
health insurance in Panama at modest rates. You need to spend
as little as 45 USD per month on an average. The plans are
highly suitable. While on Panama health tourism, it is not
difficult to find schemes that covers anywhere from 80% to
100% of your medical bill. If you are below 60, health insurance
in Panama will have 1M USD coverage. If you are on the other
side of 60, you may get coverage of up to 500,000 USD. Health
insurance in Panama has co-pay plans as well. You can get
coverage from anywhere between 300,000 to 500,000 USD in such
plans.
Health insurance in Panama can take ailments like chronic
renal surgery, neurological illnesses, angioplasty, cancer
and organ transplants into consideration. In-patient and outpatient
treatments together with medication costs are also often included.
Although the age limit for health insurance in Panama is 60,
you can even set up getting covered at 74. Apart from the
resorts and spas in Panama, you can literally count on it
as a medical treatment destination.
For more information about health insurance providers please
contact us.
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