People retiring in Ecuador have the benefits of a low cost of living, a welcoming community, modern amenities and an abundance of natural beauty, reports International Living magazine. Ecuador also offers many international and in-country flight options and an inexpensive health care system, adds NBC News. The Ecuadorian government offers resident or investor visas with low income and investment requirements, points out U.S. News & World Report.Continue Reading
As of 2016, the U.S. dollar is Ecuador’s official currency, the economy is fairly stable and the inflation rate is low, explains International Living magazine. The costs of real estate, labor, restaurant meals, fresh produce and many other items are significantly lower than in the United States. Many retirees find it affordable to maintain homes both in the city and in the countryside or by the beach. The local community treats foreign residents with respect.
The costs of health care, surgery and medicines are much lower in Ecuador than in the United States, according to NBC News. Doctors also provide patients with close personal attention. Legal foreign residents can opt in to the inexpensive Ecuadorian national health care plan regardless of any preexisting medical conditions, adds the Huffington Post. The program includes full medical coverage, including dental care and prescription medications. However, enrollees report problems with bureaucracy and lack of supplies, and service is better in the major cities than in outlying areas.Learn more about Financial Planning