Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Q and A
with a Reader
Billy and Akaisha Kaderli
Hi Billy and Akaisha,
Just listened to
podcast with Mad Fientist and identified immediately with
your lifestyle. Iím looking to retire in a few years and travel so would love to
hear your take on certain factors. For instance, I would like to maintain a base
in the US and travel to different countries for at least six months of the year.
My biggest problem is health insurance.
Modern facilities in Guatemala
Do I still need to maintain insurance in the US for the times Iím not here?
Also, how do you feel insurance compares in other countries compare in terms of cost and
quality? Iíve heard good things about
Mexico and Portugal.
Looking forward to hearing your advice.
I plan to spend a lot of time reading
your blog. All the best and continue to be a model for folks like myself.
Thank you for taking the time to write and for your compliments. We appreciate
Regarding Health insurance, that could be a conundrum -- but it depends on what
you might feel comfortable with.
You don't say if you are in good health, or if you have a medical condition that
needs monitoring. I am assuming you are speaking for yourself, and not for a
wife or children.
Depending on your situation, you could do any of the following:
Perhaps a high-deductible, catastrophic US-based insurance plan would be the
best for you. The prices for these insurance plans depend on where your
domicile is - for instance insurance costs in San Francisco or NYC are higher
priced than a plan in middle America like Kentucky, Oklahoma or Missouri.
If you do have a high-deductible, US-based health insurance plan (which
hopefully would be affordable to you) then you could take out Travel Insurance
say, through World Nomads. This policy is low-cost, so long as it doesn't cover
the US. It also doesn't cover pre-existing conditions but is worth looking into.
Do you qualify for subsidies for an Obamacare plan? Some people are pleased with
those plans however, I think to qualify, you must be in the country 11 out of
the 12 months of the year.
When would you be eligible for Medicare? This does not cover you outside the US,
but if you are going to be entitled in a year or two, or even three, then the
expense of having an insurance policy would just be temporary until you can
international health plan that would cover you in every country can
be had -- but if you want it to cover the US it can immediately be more
Health care in many foreign countries is affordable to pay out of pocket.
Depending on where you might want to travel, and your travel style, this might
be something you would seriously consider.
We personally pay
out of pocket for our medical expenses wherever we are. We
have had executive physicals in
Thailand, dental care (including bridges and
tooth implant) in
Guatemala, Mexico and
Vietnam. We have had colonoscopies
around the globe, and even
visits for the unexpected and paid for them
out of pocket.
Below I will list a couple of articles we have written regarding Health
Insurance, and the different perspectives regarding them. It might help you
make up your mind what suits you best.
Remember, there is no one-right-answer, and there is no one-size-fits-all.
I hope you find this information to be useful. Please take a look below for the
articles I just mentioned.
Best Regards and do keep in touch.
Stem Cell Therapy - the future of curing disease and restoring health
Cancer Treatment in Guatemala
Buying Medical Care vs Buying Medical Insurance
Top Ten Medical Tourism Questions and Answers
Billy puts Medical Tourism in Guatemala City to a Test
Domestic Medical Tourism
About the Authors
Early Lifestyle appeals to a different
kind of person Ė the person who prizes their
independence, values their time, and who doesnít
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha