Medical Evacuation Insurance

Medical Evacuation Insurance

Planning for medical healthcare insurance coverage for Mexico is something you may have done for a short trip or you may have thought about purchasing a private healthcare insurance policy in Mexico if you are planning to live there part or full-time, but have you considered purchasing expats medical evacuation insurance? Maybe, you should… Read on to find out more.

Expats Medical Evacuation Insurance

Expats medical evacuation insurance is probably not something that came to your mind immediately, but if there was a critical medical circumstance with your or a family member, then the expats medical evacuation insurance would give you the support that you need during this trying time. If you have expats medical evacuation insurance, then you will have the option of being flown back home to receive the healthcare that you need and want, according to your home health insurance company coverage.

Medical Evacuation Insurance Facts

It may not come to your mind instantly, but medical evacuation insurance will provide the necessary support during a very difficult situation if you or your family member has been involved in a medical emergency. If you have medical evacuation insurance and there is a medical emergency, then you can choose to be sent back to your own country and city to get the best health care with your insurance coverage back at your home.

Mexico Travel Insurance

If you are planning a short term visit to Mexico, then you may have a travel insurance coverage that you purchased in your own country that will provide you with health care coverage for a limited time period, but this usually doesn’t exceed past 60 – 90 days. The travel insurance coverage could vary and it will probably cover some medical coverage for returning you home, but there may be provisions on which the coverage will pay and there may be certain circumstances on what the repatriation coverage will be determined by the travel insurance company.

Healthcare Insurance Coverages

Short term travel insurance policies will not cover you if you plan on coming to Mexico for a longer period of time such as being on a studying program, a volunteer project, or just an extended stay. The local healthcare insurance policies are only good for healthcare coverage for that country that you are in. These insurance policies do not cover any repatriation costs for your medical.

Medical Evacuation Insurance Benefits

Medical evacuation insurance comes with many benefits. Medical repatriation out of pocket costs are very expensive, and unfortunately most people would find these costs financially out of reach. If you are planning to visit Mexico for a short term or a defined period of time, then your health insurance policy may cover you while you are in Mexico, but it may not cover any repatriation costs. The commercial airlines will not fly you back to your home country if your medical condition is critical.

Your private healthcare policy in Mexico or even IMSS (the national health service in Mexico) could provide you with the proper healthcare coverage while you are in Mexico for a longer period of time, but if you become seriously ill or even injured, then having medical evacuation insurance is an additional perk because you will be able to return home once you are stable to see your own doctors, hospitals, and be close to your family members that can assist you. The common healthcare insurance policies that is for your medical needs will not pay for you to return home from Mexico.

Medical repatriation isn’t just a return flight to your country from Mexico. It will also provide you with specially trained medical transporters, accredited medical professionals, and information between doctors, hospitals, government agencies, and airports to your family members throughout the repatriation process. It may surprise you, but medical evacuation insurance plans are affordable, and if you stop and think about the support network that you will receive if there happens to be a serious medical emergency with you or your family member, then it is well worth the cost, and you will also get to go back to your own home country.

Reference: How Will Your Medical Plans Cover You in Mexico?
Rental Agents and Realtors in Mexico

Rental Agents and Realtors in Mexico

If you are planning on making Mexico your second home, then it is wise to set aside time to find out where you will be staying. It may seem like a lot of work in preparation, but it is well worth your time doing so. Often, it is a good idea to rent property before you purchase, unless you have fallen in love with a place you have found while enjoying try and buy visits to Mexico.

Rental agents and realtors in Mexico

It is not a bad idea to surf the internet to see what is posted as available rentals and properties for sale, but most people looking to stay for long periods in Mexico like to have a local realtor help them find the right property for buying or renting.

The services provided by realtors in Mexico to those looking to buy property are free because they are paid by the current owners of the property —whether selling or renting. So, it is very good sense to work with a realtor— especially if your Spanish is not good and you have limited knowledge about the location you plan to move into. If you are buying, realtors can do a lot of the busy work of negotiating for you.

A beneficial local agent will invest in time to find out what your needs are and what your budget looks like for acquiring a property. The realtor will be your spokesperson—negotiating terms, interpreting terms for you and explaining any additional information you may need.

Make sure your realtor is a member of AMPI (Asociación Mexicana de Profesionales Inmobiliarios, Ciudad de México, A.C) because this organization ensures consumer rights are protected by regulating real estate policies.

Paying your Utility Bills in Riviera Nayarit

Paying your Utility Bills in Riviera Nayarit

When you buy your property in Riviera Nayarit the utility bills will generally be signed over to you as par for the course, but if they aren’t all you need to do is get the previous owners to sign a letter authorizing the change over. Your electricity bills will come once every two months, but generally speaking all your other bills in Riviera Nayarit will come once a month.

Your Utility Bills in Riviera Nayarit

These other bills include your TV and telephone bills as well as your monthly condominium maintenance fees (which will usually include your gas and water, but do ask the building administrator).

Your yearly predial (property taxes) will need to be paid at City Hall or online, but either way you’ll need to provide your property tax ID (cuenta catastral) as well as your bill from a previous year or, alternatively, a copy of your deed. You’ll also need to pay your Bank Trust fees annually; these last two will not send you bills out so be sure to mark renewal dates on your calendar. If you’re going to be pre-paying these bills you’ll need a local bank account. In order to set one up you’ll need to take photographic ID as well as a bill with your address on it and, possibly, a copy of your deed. We’d recommend you choose a bank that allows you to pay your bills online.

Have you thought about Contents Insurance?

It would be wise of you to check whether or not there is an insurance policy covering the buildings structure. You can find this out by asking the buildings administrator in Riviera Nayarit. Nonetheless we would recommend you take out separate contents insurance of your own. Keep in mind that any policies will be calculated in pesos so you need to consider the rates of conversion before you agree to a level cover. We would also recommend that you choose a larger, more established company that provides a higher level of support and more comprehensive cover.

Going Out of Town

Now, if you’re going to be away from your Riviera Nayarit home for a long time these bills will still need to be paid, of course. So if you’re worried about the dual costs you should consider renting your Riviera Nayarit home to vacationers in order to cover the costs. In bustling, tourist destinations like Riviera Nayarit renting out your home can be really lucrative. You’re guaranteed to cover your costs, and you might even make a little profit, too.

Don’t Forget you are Liable for Rental Taxes

Some people might have told you that earnings on rentals in Mexico don’t need to be declared in the USA, but that doesn’t mean you don’t have to pay taxes. You must register with the Mexican tax Authority (otherwise called Hacienda) and declare all earnings as rental income is taxable in Mexico, even if you collect in the USA or Canada. Don’t take the risk of getting on the MTA’s bad side; they’re getting tougher each year on fraudsters and if you get caught out you could face having a lien put on your property.

Hire some Help – Property Managers

If this sounds like a huge amount of work and little fun at all then you’re probably right, but this is why we have property managers. A good property manager can take care of every aspect of renting your property out from finding tenants and setting the length of the lease all the way to maintenance, repairs and initiating evictions. The great thing about these experts is that they know all the ins and outs of what it takes to keep a vacation let running smoothly. This means that you can kick back and relax without worrying while you’re away and when you get back to your Riviera Nayarit home everything will be in order.