We just moved to Mexico for this very reason. My mom now has 24 hour nurse care (at home) for 1,200 usd per month. In the US we were quoted 10k per month and not 24 hour. My mom receives a small pension which puts her in a spot where she qualifies for no government benefits but also cannot afford care at the current market rate.
It’s not for everyone but she is much happier here than in a nursing home.
I suspect a lot of boomers will discover this option soon. As soon as you retire, say at ages 60-65, it is more optimal to leave the US and live in Mexico/SE Asia until health permits. Then return back to the US in your early 70s with the full support of medicare and SS.
My parents stayed in Mexico after their Medicare and SS kicked in.
Once you've been down there for 5-10 years, why would you come back? There are huge communities of retired expats in Mexico. We're talking 5-10k expats all visiting the same grocery stores, churches, etc.
My parent's best friends down there grew up in the same era they did, often in the same regions of the US. I don't know what my parents would come back to the US for?
Heh, you write "full support of medicare and SS" as if that's a solution. It's not really a solution (as the article alludes to). IME -
1. Kid(s) that will take care of you, or at least hands on supervise your care and fill in gaps in staff.
2. As little time as possible between being in rehab/hospital, and hospice.
3. Money
If you have at least two out of those three, you won't have a horrible experience dying. Otherwise you end up in the state-paid nursing home gristmill, where you can at least take solace that they've checked the boxes on the paper saying they're turning and cleaning you.
nine_zeros|3 years ago
citizenkeen|3 years ago
Once you've been down there for 5-10 years, why would you come back? There are huge communities of retired expats in Mexico. We're talking 5-10k expats all visiting the same grocery stores, churches, etc.
My parent's best friends down there grew up in the same era they did, often in the same regions of the US. I don't know what my parents would come back to the US for?
mindslight|3 years ago
1. Kid(s) that will take care of you, or at least hands on supervise your care and fill in gaps in staff.
2. As little time as possible between being in rehab/hospital, and hospice.
3. Money
If you have at least two out of those three, you won't have a horrible experience dying. Otherwise you end up in the state-paid nursing home gristmill, where you can at least take solace that they've checked the boxes on the paper saying they're turning and cleaning you.
unknown|3 years ago
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technics256|3 years ago
dnndev|3 years ago