Seniors and Medical Tourism
October 21st, 2008When we are young, we tend to take many things for granted, particularly our health. But as we grow older, the scenario changes especially when it comes to health and finances. Many seniors today are rightly concerned about their quality of life in the so-called golden years because of weak personal finances and extraneous factors like ups and downs in the global economy.
Though it is not the panacea to aging-related problems, the value of money cannot be overstated in the post-retirement period. From 1991 to 2007, the rate of personal bankruptcy filings among those aged 65 or older jumped by 150%, according to the Consumer Bankruptcy Project’s latest survey. The biggest jump happened among those aged 75 to 84, whose bankruptcy rate soared 433%. And what is of relevance to this article is that medical bills have played a major role in the debt that has forced many elderly Americans into bankruptcy proceedings, the study published in USA Today said.
However bleak the situation looks, it’s heartening to know there is an alternative to combat rising costs of medical care in the US: medical tourism. Medical,
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