I've heard enough."
"There's no reason for us to keep talking to him." My
friend said this week as we chatted with an insurance agent in
Ecuador.
"If I can't get health insurance for myself and my wife,
Ecuador's not an option."
Thing is, my friend who was looking for
insurance is 70 years old (although he looks younger than me) and both he and
his wife of 64 have some pre-existing health problems.
Most health
insurance providers in Ecuador will only admit folks to new plans until age 65,
like the agent we were talking to, effectively disqualifying my
friend.
But we kept looking and looking, and we did find two insurance
companies here that will accept you over age 65.
BMI and Cruz Blanca.
Now, both have several years in business in Ecuador with many affiliated clinics
nationwide and have good reps locally.
In fact, Cruz Blanca is the ONLY
insurance company I know that has no age limit on new applicants looking to get
into a health care plan.
For my 70 year old friend and his wife the
quoted cost of BMI insurance was $540 per month total to insurance both of them
for $150,000 of coverage per year in mecical treatments and up to $15,000 a year
in perscriptions and non-necessary medicial costs like check ups. With a $200
deductible.
Cruz Blanca has health insurance plans for folks 65 +
starting from $105 per person for full coverage against accidents and necessary
medical treatments.
But you should know a few things about health
insurance in Ecuador.
As for insurance companies in Ecuador,
pre-existing conditions found in the initial medical exam and their subsequent
treatments are not covered in a newly opened plan.
But your initial exam
probably won't be too rigurous, or may not even be necessary, unless you are
over 65.
For example, if you are detected to have a minor medical
condition in the initial exam, meds and treatment for that ailment will not be
covered. And for several health issues, like Diabetes, most providers in
Ecuador will simply disqualify you.
Now, Ecuador health care is
CHEAP.
$20 for teeth cleaning. $5 for a doctor check up. $150 when you
split your forehead open playing tackle football without pads (don't
ask).
Some just pay as they go living without insurance, like
me.
Others keep their US plans although they live in
Ecuador.
For instance, Blue Cross Blue Shield on some plans covers half
of all medical costs incurred when outside their "home" country.
Saludos until next week, feliz
navidad!
Domenick Buonamici
Investor, Entrepreneur, Manager
I have always looked upon my experiences here in Ecuador as nothing short of an adventure.....a "re-conquest". You will find that this Blog not only offers information on how to live, invest or simply visit Ecuador (rated the number one retirement heaven by International Living magazine for 2011) but also informative information and articles on how to survive in this fast changing and volatile World we live in. Your comments are welcome! colonialquito@yahoo.com
El Conquistqdor Francisco de Orellana
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment