you could get stuck
We often meet people, especially ones who are retiring abroad, who look for the cheapest option for their health care provision.
This may involve joining a hospital scheme run by a medical facility or possibly taking out a local health care plan. Whilst these may offer a cheap solution it isn’t a perfect one.
The issue with a hospital scheme you are prepaying healthcare costs. If you use up all of the capital that you’ve accumulated you will have to pay more to keep your treatment going.
If you take a local policy then you can find that there age limits after which your cover will end. This can leave you high and dry especially if you developed a pre-existing condition.
Finally what if you need health care somewhere else? If you can’t get the treatment you need in the country where you live, what do you do if you’ve used a hospital scheme or local policy?
This may seem a little far fetched, though it is more common than you think. Many countries have amazing medical facilities and yet lack specialist nursing staff that are essential to recovery.