As a result of our alliance with Best Doctors in 2012, our first policy was offered in January, 2013. Best Doctors Is headquartered in Boston, Mass (founded by Doctors from Harvard). In Mexico, we are covered by their Latin American Division.
From it’s inception, this is our most popular “group” plan.
Many expats who relocate to Mexico are aware that daily, routine doctor visits are quite reasonable and question the necessity of Health Insurance. They have already planned to “self-insure” and pay out-of-pocket for the routine expenses of health care here in Mexico. Many also retain their Medicare or Canadian Provincial Insurance plans or Medicare and consequently, in the event of a major health concern, plan to return to the U.S. or Canada to use their country’s health care system.
Make no mistake, however, there are extreme medical events that may prevent you from returning “home”: sudden stroke, heart attack, cancer (requiring a prolonged treatment), or an extremely bad accident (broken hip, knee, motorcyle accident, multiple injuries sustained in a car accident, etc.). These medical conditions require immediate hospitalization, surgery, etc. Admittedly. hospitalization and surgery are more affordable here in Mexico than in North American, however it is still expensive when it is out-of-your pocket. Mexican Hospitals have become quite aggressive in their collection efforts and will not permit you to leave until such time as your bill has been paid in full by credit card or bank wire.
Most expats cannot afford such a “hit” to their nest egg. Our Best Doctor’s plan is a custom-tailored insurance policy providing catastrophic coverage for life’s messy and expensive life-threatening events that can be devastating to our finances if we have to cover these expenses totally out-of-pocket. While the policy provides worldwide coverage (including the U.S.), it is designed and priced more specifically for use in Mexico, as the reasonable premiums suggest. You must possess a valid Mexican Visa and reside in Mexico for at least six continuous months a year.
This Catastrophic Plan is not intended to replace a major medical policy, but for those who have chosen to self-insure on a day-to-day basis, it can certainly assist in protecting your assets and warding off financial ruin as a result of a heart attack, stroke, cancer, etc. In this regard, think of our Best Doctors policy as a supplement insurance policy to your decision to “self-insure” and your choice to forego a full major medical policy here in Mexico.
Please email us for our 2020 Best Doctors Summary of Benefits including price.
So, what’s the catch! You must enroll and be accepted into this “group” insurance program before you are age 70 years, 8 months!! Once accepted, you have lifetime renewal privileges as long as your premiums are paid on time.
Don’t despair if you are over the enrollment age or have a pre-existing condition that precludes you from our Best Doctors “Group” policy , view our Other “Non-Group” Insurance Options
The Forms section under this heading will provide you with an overview of the Best Doctors application process. Once you become a Member, you will receive detailed instructions for the completion of these documents from our agent.
This “digital age” is what has made all of this possible, especially since the mail system in Mexico is so irregular. Please be confident that we successfully conduct all of our business via the internet. All the necessary documents are securely transmitted via the internet, direct office visit or by courier (for those living outside the Chapala area). All Payment transactions are conducted via PayPal (for Boomer memberships) or a secure credit card processor, and directly to Best Doctors online secure payment portal for premiums.
Please be assured that our group is NOT “self funded”. We have no financial limits constraining us to only what we collect in premiums as our reserve on which to draw during any specific year. The insurance company factors all their groups together into one big pool. Granted, our usage does play a small percentage factor into our renewal rate, however the most important consideration for us is that our “group” is factored in with all of the other Best Doctor groups. The insurance company’s “group pool” is mainly comprised of workplace employee groups, civic, and professional organizations whose membership base covers a much broader spectrum of ages. This is most favorable to us, as retirees.
We’re extremely proud of the modest price increases we have received over the past 5 years:
2013 – initial policy
2014 – 8 %
2015 – 6%
2016 – 8%
2017 – 8 %
2018 – 12%
2019 – 12%
2020 – 15%
We’ve watched other policies soar in price — some in excess of 40-75% in just one year.
Our insurance application process is as simple as 1- 2- 3!
- Join our Group first — membership provides eligibility for our insurance program.
- Complete the Best Doctors Insurance application (emailed directly from our agent, once you are a paid member and a routine blood test.
- Complete our Document checklist (a list of documents required to verify your Mexican residency).
All forms are sent and submitted by email! If you have email access anywhere in Mexico, you can apply.
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