andrew henderson menu

Andrew Henderson

Founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.


What we’re all about


Meet our 80+ global team


We’re here to serve you


Your questions answered


Read our testimonials


Get free email updates



Our flagship service for entrepreneurs and investors


Create your Action Plan directly with the Mr. Henderson himself


Claim a second passport based on familial connections


Click here to see all our products and services


Discover the world’s best passports to have in an ever-changing world


Explore the citizenship options using our interactive citizenship map


Explore the tax details for countries using our interactive tax map


Click here to see all of our research and interactive tools


Learn from a curated “Who’s Who” of business speakers from around the world, get our latest R&D updates, and rub shoulders with successful people from all corners of the world.


Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
global citizen in the 21st century… and how you can join the movement.


How to Replace Medicare When Moving Overseas

Fallback Image

One of the most common questions Americans ask when moving is how to replace Medicare abroad?

In recent years, there has been an exponential increase in the number of entrepreneurs and investors moving abroad. This is partially due to business and investment opportunities in emerging markets

Even though it is financially beneficial for you, moving abroad is never easy. It is hard to move to a completely brand-new place. You are essentially leaving everything you’re accustomed to behind. 

Most importantly, with the decision to relocate, there come several factors to consider.

You must decide on issues like how to bank, live, invest and so many other details. It’s sometimes easy to forget the essentials, such as replacing Medicare abroad. If you’re concerned about this then you are at the right place.

YouTube video player

Why is it Necessary to Replace Medicare Overseas?

Healthcare is essential, and it is necessary to make informed decisions regarding your medical care. 

1. Quality of Medicare Overseas 

People are often reluctant to move overseas. This is often due to their reservations about Medicare. They fear that paying for non-subsidized Medicare abroad would set them back financially. Many people don’t trust the quality and affordability of health insurance abroad. Especially older Americans who qualify for government-provided Medicare. 

Americans are used to the Medicare system in the United States, which is different from most of the world. These people have become accustomed to the government’s subsidized healthcare, which is contrasting from most other countries.

There are several countries whose medical care is equal to or maybe even better than the United States. These countries also provide investment opportunities for entrepreneurs and investors. 

Countries like Mexico and Turkey have the best healthcare facilities and certified personnel capable of performing all types of elective and essential medical procedures. The care and environment being provided are often superior to those in the US. 

2. Non-Subsidized Medicare Abroad

The only issue with these countries is that the medical care usually isn’t subsidized. This might discourage people from moving there. Non-subsidized Medicare overseas is assumed to cost exorbitant prices, which can affect people financially. But the cost of these procedures is relatively low compared to the US.

And there are several ways to reduce the effect of medical expenditure on your overall financial well-being while replacing your Medicare abroad.

3. Reduce Living Costs to Compensate for Medicare Abroad

One way to compensate for Medicare abroad is by reducing your overall cost of living. By doing this, you will have more money in your pocket. This money can then be spent on medical needs in cases of emergency. 

4. Superior Medicare Facilities 

It’s a common misconception that most countries lack superior healthcare facilities

Countries like Turkey, UAE, and Malaysia are prime examples of superior Medicare overseas. These countries have some of the best facilities in the world with exceptionally qualified healthcare professionals. 

Many doctors there have studied in the West and can offer the best elective and catastrophic care possible. But to be able to afford those, you need to save on other aspects of your lifestyle.

5. Reallocating Costs 

Reducing your cost of living does not necessarily mean having to mean reducing your quality of life. It would just mean reallocating costs and increasing savings. 

To reduce your cost of living does not mean finding a $300 per month apartment in Bangkok. It could mean having the same quality of life, just in a cheaper part of the world. You can reduce your cost of living even if you aren’t moving overseas. There are places in every country that are relatively cheaper than the overall average. 

A good example of reducing your cost of living would be to move from California to Cambodia. 

The mortgage for a house in California could cost you about $50,000 a month. But if you move to a cheaper country, like Cambodia, the mortgage for a similar would be lower, about $20,000 a month.

By moving to Cambodia from the US, you would be paying $20,000 for your monthly mortgage instead of paying $50,000 in California. You would be able to save, or invest, the remaining $30,000 from your Californian mortgage. The money you save could go towards your medical abroad when needed.

By moving to a cheaper country, you would be saving on the mortgage and other basic needs. House insurance and maintenance costs tend to be lower in other countries than in the US. The prices of cars, groceries, and maybe even utilities will most likely be lower compared to the US.

Be Flexible 

Moving overseas requires you to be flexible with most of your decisions. The sudden change in customs and traditions means that you won’t always get what you expect. For most countries, the norms also differ. What might be acceptable in one part of the world doesn’t always transfer to another part. 

The same goes for Medicare abroad. Most US and other Western countries’ residents are used to having around-the-clock access to medical care facilities. This isn’t the case for all countries. But you don’t always need around-the-clock availability of medical facilities.

If you move to a country like Cambodia or Nicaragua, you won’t always have access to the best medical care facilities, but you’ll probably be alright. Countries like these lack the high-tech facilities some are used to. 

And the number of hospitals is likely to be lower than that in the US. But the lower quality and scarcity of healthcare facilities would most likely not affect you drastically. 

The local hospitals and clinics are well equipped to deal with general healthcare needs, like the flu or common cold. And local pharmacies stock up on common medication such as Aspirin. 

For more advanced needs and requirements, you can easily be transported to the nearest hospital to cater to your needs. 

These countries are far cheaper than the US or any other western countries for that matter. This will allow you to increase your savings while living here. These savings can come in handy if there is ever a medical emergency or you are diagnosed with an illness. 

The hospital bills, including transportation, are likely to cost you only a fraction of the price compared to the western countries.

Insurance Policies to Replace Medicare Abroad

1. Cheaper Insurance policies 

As a replacement for Medicare abroad, you can get medical care insurance policies in other countries that aren’t government-sponsored. These policies can be procured in cheaper countries, at a low price, to cover catastrophes. 

Some insurance policies might even cover costs for basic medical expenses. In case of a policy that doesn’t cover the day-to-day medical expenses, they can be paid out of pocket. 

Along with cheap health insurance policies, some countries have amazing elective and catastrophic medical procedures facilities. 

You could find very cheap health insurance in Mexico, for example, or other Latin American countries. A medical plan there would, on average, cost around $500 or less. 

This price will most likely go up in older people of Medicare eligibility, but it would still be cheaper than the US. 

Along with the cheap insurance, Mexico’s healthcare facilities and personnel rival the US and other western countries. 

2. Part-time Residency 

Some medical care insurance policies don’t even require full-time residence in the country. Only being a part-time resident of the country would still qualify you for insurance. Just make sure to check with your insurance provider beforehand. 

This insurance policy can be used in case of catastrophic illness to cover medical expenses. Even if you aren’t a permanent resident of the country and are currently residing in a different region, you could return to avail your insurance. 

Suppose you have a healthcare insurance plan in Mexico while you live there for part of the year and reside in Indonesia for the remaining time. And if you are diagnosed with cancer, you could travel to Mexico to avail your insurance plan.

You would have to pay out of pocket for most day-to-day medical needs, which are generally not subsidized, along with transportation costs. But you will still be in a better condition than in the US or other western countries. You would be provided with amazing care for a fraction of the price.

Moving Overseas is a Great Idea, Even If You’re Losing Medicare

We understand that moving abroad isn’t for everyone. It can be very difficult for some people to leave their loved ones behind for a country where they might not know anyone. 

While this is completely understandable, you also have to understand that sometimes, especially as an entrepreneur, you have to go where you’re treated best.

In fact, in some countries, you can legally reduce or even eliminate your taxes if you are an entrepreneur or investor. The cost of living is also only a fraction compared to the US and other western countries. 

Other than that, you have an abundance of business and investment opportunities available to you abroad. Moving overseas lets you meet new people, enjoy the pleasant weather, scenic views, and have greater personal freedom. 

If you look at all these benefits of moving abroad, the loss of Medicare coverage is not an issue. 

Moreover, if you are moving overseas to Malaysia, you are guaranteed the best Medicare. 

You would get to meet finer people, have access to advanced facilities, superior care, and have an overall much better experience compared to the US. That is what the Nomad Capitalist life is all about. 

We believe in providing you with a better lifestyle. This includes a better quality of healthcare. You could also visit some of the countries you might be planning to relocate to. You can tour their medical facilities and even get a checkup to check out their facilities and evaluate your comfort level compared to the US. 

This will help you judge if the experience is worth losing Medicare benefits when you move overseas. 

As you can see, replacing Medicare benefits after you move abroad is easily achievable with the right team at your disposal. 

What is Nomad Capitalist All About?

Nomad Capitalist can guide you through the best course of action to take in order to get the most out of your money. Medicare’s just the start.

If you decide to enlist our help, we can help you expand your wealth, multiply it and help you develop a passport or residency portfolio which will keep you protected in the long run.

We believe that to achieve bigger, greater things, you have to move away from your country. Especially if you’re an American or belong to one of the western countries. Why?

Because most western governments are not making things easier for their citizens. They’re making it difficult to make money, to expand your wealth in your own country.

Unfortunately, to seize the opportunities available, you will have to look at other alternatives. There are countries that have tax incentives to attract new talent and why shouldn’t you go there?

It’s only fair, after all. That is what we’re all about.

Nomad Capitalist has a team of experts in second citizenships, residencies, offshore banking, and other financial services. We also have great professional and personal experience with citizenship renunciation and more.

If you’re interested in working with a team that will deliver personalized guidance to help you invest better or get the most out of your business, then you’re at the right place.

We will definitely help you achieve your goals. All you have to do is get in touch with our team today. Trust us, you’re in good hands.

After all, at Nomad Capitalist, we believe in one thing: go where you’re treated best.


Sign up for our Weekly Rundown packed with hand-picked insights on global citizenship, offshore tax planning, and new places to diversify.


Reduce Your Taxes And Diversify Your Wealth

Nomad Capitalist has helped 1,500+ high-net-worth clients grow and protect their wealth safe from high taxes and greedy governments. Learn how our legal, holistic approach can help you.

What do you want to accomplish?

Let us know your goal and we will tell you how we can help you based on your details.


We handle your data according to our Privacy Policy. By entering your email address you grant us permission to send you the report and follow up emails later.