Some things are the same no matter where you go. And whether you stay home or go overseas, healthcare is an important concern. The main difference—as you’ll discover on page 18—is the affordable array of healthcare options available to you when you leave North America. This month, we take a look at the five best retirement havens for healthcare. While you’ll find good healthcare available in many of the places we talk about, the five we have selected really stand out for affordability and quality of service. In all of these countries you’ll find world-class hospitals, English-speaking doctors, and all the medications you’ll need…and at a fraction of the price in the U.S. Turn to page 18 to find out more.
Spiraling healthcare and insurance costs are a thing of the past for thousands of North Americans who have found their dream retirement haven abroad. If you’re still mulling your overseas options, then the availability of quality and affordable healthcare is likely a primary concern. Over the next few pages, we explore five countries hand-picked by our expat experts for the exceptionally high quality of their healthcare. All five destinations have become expat hubs, and the North Americans who now call them home—including our correspondents—can attest to the high level of care they’ve received there.
Imagine waking up in the morning and enjoying a leisurely cup of coffee before heading out your back door to get breakfast. You gather eggs from your hens. Tomatoes, peppers, and herbs, all from your kitchen garden, as well as homemade goat cheese, are added for an excellent omelet. The fresh-squeezed orange juice comes from your trees. Life in the cities and suburbs of the U.S. can mean being far removed from the origins of the food we eat. If you dream of getting back to the land, you’ll find hobby farms with fertile soil, ideal growing conditions, and great locations throughout the world.
Little Uruguay is a country that has advantages for producing food. It has good productive land, and a temperate climate allows the cultivation of up to three crops a year on average. Thanks to increasing wealth and food consumption in emerging markets, farmland here could generate a yield of between 3% and 9% (depending on the type of land and management option you choose), and also enjoy long-term appreciation. And Uruguay is where the small guy can directly get in on this food trend with ownership control. Uruguay has an advanced domestic farm industry. The domestic infrastructure of farm management companies, routes to market, and professional services caters for foreign investors.
Uruguay is the most economically, politically, and socially stable country in the region. The property registration system is among the best in Latin America. And you don’t need to become a resident or get a local tax ID number to buy, own, or sell real estate in Uruguay. Even though real estate values have climbed in recent years, with a little research it’s still possible to buy property in the most popular areas of the country for a very reasonable price.
When people ask me what’s so good about Uruguay, I often talk about the various income opportunities, the natural beauty of the land, or the ability to live a simpler and less complicated life. Just a while ago, I was trading notes about life in Uruguay with Karen Michele—a single mother from the U.S. who moved to Punta del Este, Uruguay with her 12-year-old daughter, Etanne.
Uruguay is a nation of immigrants—which means that if you’re looking to retire overseas, you’ll fit right in. This unique country’s citizens are descended from all corners of the world; about 90% of Uruguayans have ancestors from Western European, with the highest percentages from Spain, Italy, and France. And, because most Uruguayans are descendants of immigrants (and many know and can tell you their family’s relocation story) newcomers are generally treated warmly.
I’m single. And you wouldn’t believe all the questions I get about living abroad on my own. “How do you do it?” people ask, as though there was some secret formula. And, yes, “What’s the secret?” is another question I get. In part I get so many questions because so many singles are thinking of moving abroad. And to them I have one short, sweet piece of advice: Just do it.
Most folks think that finding a property overseas that fits their tastes and budget is tough. In fact, it’s much easier than they think. There’s plenty of opportunity out there when you know where to look, even when you’re on a tight budget.
With the U.S. National Security Agency (NSA) revealed as global master snoops, potentially spying on every phone call, email, and computer, perhaps you have given up on protecting your personal and financial privacy. Or maybe you are one of the millions who thoughtlessly bear all for Facebook, Twitter, or Instagram. (Don’t!)
If your idea of paradise is a tranquil beach where a couple can live comfortably for $1,200, including renting a furnished home, then Uruguay’s Department of Rocha is a place you should definitely know about. A “department” in Uruguay is like a state or province. Rocha covers 4,074 square miles and stretches 112 miles along the Atlantic coast between Punta del Este, the largest beach resort in Uruguay, and the Brazilian border.
Thinking internationally enhances every aspect of your life—even when it comes to marriage! That’s what my fiancé and I have found as we put the final details on our wedding plans. You see, for many married couples, the future is very much set in stone…or at least that’s how it seems.
Last December, when “The Economist” announced its “country of the year” for the first time, Uruguay was the country that took that spot. It was chosen on the basis that it has been a trailblazer at enacting policies that not only benefit its citizens but humanity as a whole. It’s a great place to keep you—and/or some assets—in times good and bad.
Today I am challenging you to become as creative as possible about finding alternative routes to do more of what you want. Let’s say you want to earn enough to live in a gorgeous home. Most people think they have to buy or rent such a place. Not Joe. When he was in his early 20s, he found himself drawn to the ocean and wanted to live as close to it as possible. He got the idea to offer his services as a yacht sitter and almost immediately found himself living in luxury.
Going abroad sometimes comes as a response to a personal shakeup: the end of a relationship, a financial loss, or the passing of a loved one. Getting out of Dodge, at least for a while, can provide the opportunity to gain a fresh perspective and explore your options.
Uruguay is one of the best places in the world to own a farm…and you don’t have to be a Uruguayan citizen or even a resident to buy agricultural property. While it is most famous for its grass-fed beef industry… Uruguay also has soil and climate that are ideal for growing wheat, rice, soybeans, olives, and blueberries. It is a water-rich country, minimizing the need for irrigation, and its soils are among the least degraded in the world. All Uruguay’s farmland is mapped by soil type.
Vacation rentals are a great way for an investor to create an income overseas but, unless they’re living next door, anyone who owns a vacation rental needs someone to manage it for them. Property management is a business you can start with absolutely no investment. You are simply trading your time and effort.
Sometimes things happen when they’re supposed to happen…and that includes books. My wife, Suzan, and I recently finished writing a book about how to move abroad and live a great life on $2,100 a month or less, so I’ve been spending a lot of time thinking about why now is such a good time to move overseas. In fact, I don’t think this book could have been written any time but now, and there are three reasons I can think of for that.
Uruguay is not a medical-tourism destination or a place where people come for the health care alone. However, if you fall in love with Uruguay, as I did, and decide you want to live here, the chances are good you will be able to get quality health care at an affordable price.
Do you ever wish you could find a cool little beach town before it gets discovered and invest in land while the prices are still low? You aren’t alone. Global investors are constantly searching the planet for that kind of opportunity. But you know what? They missed a spot. It’s a little town of 1,000 full-time residents, and it’s called Barra del Chuy, in Uruguay.
InternationalLiving.com’s annual Global Retirement Index reports that France, Uruguay and Malaysia provide the best and most affordable health care in the world. The Health Care category in the Index considers the cost of care and the quality. Also considered are the number of people per doctor, the number of hospital beds per 1,000 people, the percentage of the population with access to safe water, the infant mortality rate, life expectancy, and public-health expenditure as a percentage of a country’s GDP.
Imagine if work involved saddling up and taking to the trail instead of being stuck in morning traffic, heading into the office. You don’t need to have a lot of money to work with horses overseas. If fact you don’t need to own much land or spend a fortune buying horses to set up your own business.
InternationalLiving.com’s annual Global Retirement Index names Ecuador, Uruguay and Malta as the best three countries in the world when it comes to climate. Their temperate weather throughout the year, moderate rainfall and little risk of natural disaster saw them rise to the top of the Climate category, one of eight categories in the Index, which details the top countries in the world for retirement in 2014.
John Brenner, a Minnesotan in his late 50s, was traveling in South America looking for a new place to live. The next leg of his trip was from Bogotá, Colombia to Lima, Peru. He was joined by three others, also Lima bound, whom he had met in the Bogotá hostel where he stayed. After an all-night bus ride they reached Ecuador’s border, where they crossed on foot. Once in Ecuador the four had a stroke of luck.
Health care overseas is more affordable than in the U.S. You will pay less for high-quality health care overseas and these countries are three of the best according to International Living’s Annual Global Retirement Index 2014.
Tired of shoveling snow, braving the torrential rain or wrapping up against the bitter cold? If so, check out these top three places to retire for a better climate as ranked in International Living’s Annual Global Retirement Index 2014. With a perfect score of 100 and for the second year in a row, Ecuador comes out top in the Climate category and is the overall runner up in this year’s Global Retirement Index. Lying directly on the equator, it enjoys 12 hours of direct equatorial daylight 365 days a year.
“Follies are the only things that one never regrets,” said Oscar Wilde. Agreed. But travel writers needn’t look far to find excuses for their follies. After all, writers have a reputation for eccentricity. Whatever bizarre situation you find yourself in—and if any awkward questions arise—you can always blame it on the job. Why were you buying contraband from gypsies in the Czech woods? (“It’s my job.”) How come you spent half the night in a Berlin anarchist squat? (“It’s my job.”)
Among the advantages that Uruguay offers to businesses from around the globe are its various Free Trade Zones (FTZs). FTZs are specific geographic areas within the country that are not considered Uruguayan territory for customs purposes, and where you can avail of important tax exemptions.
Sometimes a wine-growing region and grape variety combine to produce a wine legend. Think California’s Napa Valley and Cabernet Sauvignon, or Argentina’s Mendoza region and Malbec. Well, there is another wine-growing region and grape variety combination you should know about: Uruguay and Tannat. Tannat is originally from France. It grows in many countries for use as a blending grape, due to its sharp bite.
In the following five countries you will pay less for health care than you do at home. And the quality is at least as good…in fact, many expats say it’s better. Affordable health care isn’t the only reason to move overseas—but it makes the move more attractive. You can get great quality health care for less abroad, lowering your monthly expenses. Panama offers excellent quality health care and modern hospitals in Panama City and other large towns or cities…
When you move overseas, most things cost less. Health care is cheaper, beachfront property is cheaper and flights are cheaper when you qualify for a retiree program. You can even enjoy a symphony performance for far less than in the U.S., and have a better quality of life for less. Here is a list of five items that are cheaper overseas.
Each morning Jerry Bruner wakes up on his farm in Uruguay. He checks in on his animals…Jack the Labrador…Carbon the tiger-stripe cat…the chickens…the geese…and half-a-dozen beef cattle who roam a fenced-off, green pasture. The farm covers 27 acres of greenery and is a world away from Jerry’s native Nevada. What Jerry loves most about Uruguay […]
When I first moved from the U.S. to Uruguay, I didn’t speak Spanish. And while some English-speaking expats get by without learning any Spanish, my experience is, the more Spanish I learn the richer my expat experience becomes.It took just a little study to learn to greet people and show respect. Now, after a little more study and practice I can express my needs and wants and I’m starting to build rapport with my Uruguayan neighbors. More and more, it feels like I’m getting ready to take off my Spanish “training wheels” and learning to communicate like a local.
Montevideo, Uruguay’s capital city, has a culture that many North American expats find comfortable. It’s a place where the traditional and the modern weave together. For example, Montevideo has a prosperous economy, but people still take time for one another. It has new gleaming malls, but it is also teeming with small family-owned shops. Each child in the country receives a free laptop computer, but time with family is still cherished above all else.
For every substantial, bricks-and mortar business set up by an expat overseas, there are hundreds of small enterprises that people operate from their own homes with very little investment. Within a year of starting their micro-enterprise overseas, Jim and Mariellen Wiemann are making a profit and supplementing their retirement income. “The business allows us to purchase the things we might otherwise not have. We are planning some vacations abroad, and the business will support those adventures,” says Jim.
There are situations in life we cannot escape. But fortunately, a long cold winter in the U.S. or Canada isn’t one of them. When it’s winter in North America, it’s summer in South America. And there is no better place in South America for a winter respite than the beaches of Uruguay.
To apply for residence in Uruguay you must be in the country, this is perfect for those that try out the country and decide to stay. Uruguay’s Dirección Nacional de Migración (DNM, or Immigration) is the government office that deals with residence matters. The complete process for obtaining permanent residence takes 12 and 24 months in addition to the time it takes to obtain the necessary documents.
Many who were on the fast track to retirement have now seen their retirement savings depleted and their plans sidetracked. Many wonder if they can retire at all, much less earlier than planned.
With a few simple strategies and ideas there are a couple of ways to salvage your retirement plans.
Health care can be expensive in the U.S. That’s why many people now travel or retire overseas for more affordable, reliable health care. France offers the best health care in the world. In fact, the World Health Organization named France number one in their health report, providing the best overall health care system in the world.
Health care can be expensive no matter what age you are but when you reach retirement, it is one thing that you don’t want to worry about. According to International Living’s Annual Retirement Index 2013, below are three of the best places in the world for health care.