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Health Insurance In Panama – Getting Cured Is What You Need

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.