Yesterdays emails had a question from someone with UK and Canadian pensions
who was moving to the US.
The following from another reader quite properly points out the medical
insurance problems he will likely encounter.
------------------------------
Mr. Ingram:
Your answer to this gentleman is incomplete in one specific area i.e. his
medical coverage. Since he will have to give up his Ontario Medical coverage
he
will definitely need to deal with this issue when he moves to the U.S.
However,
before he moves he should look into this, since if he has a major illness
while
he is "bare" it could have devestating financial consequences for him. It is
possible he is eligible for U.S.Medicare (the plan for people over 65)
through
his wife. Also he might be able to obtain coverage through his new employer
if
he works down here. However, that will probably be expensive due to his age.
Also, he will unlikely be able to find an individual private medical plan
that
will accept his due to his age and if he was lucky enough to find one he
probably not be able to afford it. If it is not feasable for him go get
medical
coverage I would advise him to stay in Canada and perhaps convince his new
wife
to move up to Canada where I understand it would be easier for her to get
medical coverage.
Harry
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