By Conni Nelson, Satori World Medical

A few weeks ago, I discussed the financial burdens of America’s escalating healthcare costs on today’s early retirees and the employers funding their health plans into retirement. This has become an increasingly pressing issue for the 3.8-million early retirees in the U.S., between the ages of 55 and 64, who do not yet qualify for Medicare and are being forced to now carry a greater portion of their own medical expenses into retirement.

One promising solution to this problem, which I discussed in my previous blog post, is medical travel, whereby patients travel internationally to receive quality healthcare at a fraction of the cost than in the U.S. So, now I’d like to delve into specifically why early retirees are especially ideal candidates for medical travel.

•  Early retirees are more likely to need common surgical procedures, which fall within the specific specialty areas of many of today’s Joint Commission International (JCI)-accredited, international hospitals: It is a well-known fact that as people age, they become more susceptible to health problems. According to the American Heart Association, for instance, U.S. heart disease accounts for nearly $438 billion in medical procedures, and more than 38 million American adults age 60 or higher have one, or more, types of cardiovascular disease. Cost-prohibitive surgical procedures are much less expensive in other parts of the world. A prime example is heart surgery in India. The quality of care and patient outcomes in India’s hospitals are among the best in the world. Yet, the average heart procedure in India costs a tenth of what it would for the same procedure in a top-rated U.S. hospital. An article published last year in Health Affairs offers an interesting perspective on this.

•  Growing prevalence of U.S. employers that are reimbursing their employees for participation in a global healthcare program: Many of the common procedures that early retirees need are also eligible for reimbursement by an employer to the employee through a Health Reimbursement Account (HRA). These funds can then be used to cover the patient’s future medical expenses for years to come. Specifically, under Satori World Medical’s proprietary business model employers will fund a portion of the savings to their employees through a HRA and, as an added incentive, waive all out-of-pocket costs including co-pays and deductibles when an individual selects the Satori Global Network™ for their medical procedure.

•  Early retirees have more free time than other demographics: Medical travel programs are also a good fit for people in early retirement because they generally have more time to travel. Therefore, they are more likely to participate in a medical travel program. Additionally, early retirees are typically on a fixed income and would greatly benefit from the economic incentives available through a global healthcare program which can supplement their existing incomes into retirement.

Unfortunately, the rising costs of healthcare continue to place a significant burden on many early retirees and their employers. However, the good news is that access to high-quality, affordable healthcare is available throughout the world, and for many reasons medical travel is an ideal option suited for Americans entering retirement.