With the rising costs of out-of-pocket health costs even for those with health insurance more and more people are turning to medical tourism to locate affordable healthcare. Medical tourism isn’t simply global traveling on a budget, but you are going to get the exact same quality care as you would in the US. The cost savings could be so great that you may at times make a trip from your search for affordable health care. Discover how to finance your trip, which means you can find the procedures you need at a price you can afford.
What is medical tourism?
As medical costs rise rapidly in the US and elsewhere, lots of individuals have done the math and realized that they can manage a medical procedure and a vacation for under the cost of this procedure independently in their home nation. It’s become a worldwide industry–just one poised for 25% year-over-year growth by 2025.
Sound intriguing? Your main question might be the way to begin funding healthcare tourism. But it pays to do your assignments. Before you reserve your trip, there are a number of things that you should know.
- Five shocking medical tourism figures
Globally, there have been around 15 million clinical vacationers in 2017, including 1.4 million Americans who traveled outside the united states for medical care.
According to Physicians Beyond Borders, you could save anywhere from 20% to 90 percent on medical procedures through medical tourism, based upon the process and country.
The World Health Organization estimates that the US economy currently loses hundreds of billions of dollars annually, because of people seeking healthcare in different countries.
Approximately two-thirds of all medical tourists out of the US traveling abroad for dental work or cosmetic processes –both usually not covered by most medical insurance.
Among medical tourism styles, Canada is the most popular destination country–only a short drive or flight away for several patients in the US.
The Advantages of Health tourism
Several factors have generated near-ideal conditions for growth in healthcare tourism:
While some nations have out-of-control medical expenses, others have comparatively lower costs–particularly for regular procedures.
New, cutting-edge therapies (including stem cell treatments) may be accessible only in countries where those remedies are developed and encouraged.
People who can not get certain procedures in their home state might have no option but to travel to a place where they can.
The total quality of maintenance is often better in the destination country’s system.
Employer-paid surgeries abroad are increasing. According to AARP, just 5% of companies currently cover these surgeries, but 25% say they may think about adding the benefit in the next three to five decades.
How medical tourists find accredited providers
In your house state, you’re likely utilized to navigating the world of medicine, including finding the best doctors. If it comes to global health tourism, however, you could easily find yourself at sea.
A US-based nonprofit called Joint Commission International (JCI) has stepped in to place medical tourists in ease. The organization gives accreditations to healthcare organizations such as hospitals. So far, it’s licensed more than 1,000 organizations outside the US. JCI also works with organizations to maintain and improve healthcare criteria. Utilize JCI’s search tool to find the most effective international healthcare providers in the location of your choice.
The best way to fund medical tourism
Unless you’re trying to travel for elective processes like cosmetic surgery, you might not have all the funds you need to create your health care trip occur. In that circumstance, crowdfunding will help. You’re not alone in this experience–daily, people turn into medical crowdfunding to raise money for medical expenses
Medical crowdfunding is an established and effective way to raise funds from friends, family members, and anybody around the world who wishes to encourage you. Crowdfunding allows people to become a part of your fundraiser story because you share your trip. With GoFundMe’s 0 percent stage charge for organizers, you get to keep more of the money you raise–also, you can start withdrawing funds as soon as you begin getting contributions.
These tips will help you Begin with your successful fundraiser:
Begin by creating a fundraising strategy. Decide how much you have to increase and by what date, and map out a strategy for boosting your fundraiser online and via interpersonal networking.
Decide how you intend to request donations. Tailor your way of who you’re asking, whether it’s a family member or friend, someone you know from the neighborhood, or a stranger online.
Write regular fundraiser updates to help keep your donors at the loop.