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.

Let’s share certain things about health insurance in general prior to going through the details about health insurance in Panama. Health insurance acts as a protective shield for you and your family from escalating financial hardships at the time of ailments. Before thinking of Panama health tourism, you should know about the four basic health insurance types.

People who are not either covered by their employer or their family gets coverage by way of 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. The third type is none other than hospital income insurance. 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.

As a matter of fact you can get health insurance in Panama at very modest rates in Panama. You need to spend about 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.

In-patient and outpatient treatments plus medication costs come under health insurance in Panama. Neurological illnesses, chronic renal surgery, cancer, angioplasty and organ transplants are some of the dreadful diseases, health insurance in Panama takes into account. Always remember, Panama is an ultimate medical treatment destination above and beyond the intriguing resorts and spas in Panama.

For more information about affordable health insurance in Panama, or for a recommended health insurance broker, please contact us, or visit our forum.