Medicare for Americans Living Abroad
Many retirees choose to live outside the United States during retirement. If you plan to move abroad, it’s important to understand how Medicare coverage works internationally.
Medicare for Americans Living Abroad
Many retirees choose to live outside the United States during retirement. If you plan to move abroad, it’s important to understand how Medicare coverage works internationally.
Does Medicare Cover Care Overseas?
In most cases, Medicare does not cover healthcare outside the United States. This means doctors and hospitals in other countries generally will not accept Medicare for payment.
Because of this, many retirees living abroad purchase local or international health insurance.
Should Expats Keep Medicare Part B?
The biggest decision for Americans living abroad is whether to keep paying the monthly Part B premium.
Some retirees choose to drop Part B to save money if they do not plan to receive medical care in the U.S.
However, if you decide to enroll in Part B later, you may face a late enrollment penalty that permanently increases your monthly premium.
Summary
If you plan to live outside the United States, consider whether you may need healthcare in the U.S. again in the future before deciding whether to keep or drop Medicare Part B.
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