This article takes a look at the 5 cheapest places to retire with good healthcare. If you wish to skip our detailed analysis of America’s staggering expenditure, retirement challenges, and global perspectives, you may go to 20 Cheapest Places to Retire with Good Healthcare.
5. Fortaleza, Brazil
Insider Monkey Score: 52
Cost of Living: $700
Brazil is revered for its efficiency in eye surgeries, fertility treatments, general surgeries, heart operations, weight loss, dental surgeries, and even hair transplants. 62% of the hospitals in the country are private. Residents and citizens can avail health facilities through the Sistema Unico de Saude (SUS), the public health care system in the country. They can also opt for private health insurance to avoid long wait times.
4. Porto, Portugal
Insider Monkey Score: 53
Cost of Living: $1,800
In Portugal, private healthcare options are considerably cheaper than in many other countries. Hospital CUF Porto is one of the best hospitals in Porto. According to International Living, private health insurance plans with no deductibles can be as affordable as $30 for a couple in their 40s. On the other hand, a couple who is in their 60s will pay around $300. Expats will find medications, like insulin, to be dirt-cheap compared to what they have to be in the US.
3. Cebu City, The Philippines
Insider Monkey Score: 54
Cost of Living: $1,000
Expats who have become legal residents in The Philippines must sign up for PhilHealth, Philippine Health Insurance Corporation. The benefits of PhilHealth include inpatient and outpatient care, prescription drugs, rehabilitation, preventive services, and diagnostic testing. Annual premiums depend on income and can range anywhere between $100 to $700. Cebu City stands out as a destination where individuals can access good-quality healthcare services without breaking the bank.
2. Penang, Malaysia
Insider Monkey Score: 55
Cost of Living: $1,000
Expats living in Penang must already know that the healthcare system in the country is of a high standard. Penang has a mix of public and private healthcare options. Public options consist of government-run clinics and hospitals, while private options comprise private hospitals and clinics that are characterized by modern facilities and well-trained staff. The region boasts modern medical facilities, skilled healthcare professionals, and competitive pricing, making it an attractive destination for those seeking cost-effective yet top-notch medical care.
1. Chiang Mai, Thailand
Insider Monkey Score: 56
Cost of Living: $1,200
Our top pick for our list of cheapest places to retire with good healthcare is Chiang Mai, Thailand. Some of the best private hospitals in the city include Bangkok Hospital, Chiang Mai Ram Hospital, and McCormick Hospital. Expats appreciate the city especially because of its affordable cost of living, culture, and cheap yet high-quality healthcare. Healthcare treatments in the many hospitals in Chiang Mai are significantly cheaper than those in the US.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 15 Worst States to Retire in 2024 and 20 Best Electric Cars of 2024.
