Don't fall into the emigration trap: retirees' dreams of going abroad often end in disaster

Don't fall into the emigration trap: retirees' dreams of going abroad often end in disaster

When they retire, many people decide to spend their retirement abroad in order to escape the routine world of Germany. But often enough this project ends in financial disaster. Emigration to Mallorca is particularly popular with German pensioners. However, enormous difficulties arise for many seniors who burn all bridges in Germany and plunge headfirst into a new life abroad. Many people do not manage to take out adequate health insurance abroad - a serious mistake with far-reaching consequences, as experts warn.

Difficulties can arise particularly when health problems arise in old age. Without health insurance in Germany, pensioners abroad are stuck with treatment costs. The loss of a pension when a spouse dies can also put a significant strain on one's financial situation. The consumer advice center therefore advises not to cancel your health insurance, even for long-term stays within the EU, as your insurance status in EU countries continues. If you change your place of residence abroad, you should inform your health insurance company of this in order to ensure the scope of benefits.

For countries outside the EU without a bilateral social security agreement, it is strongly recommended that you take out private international health insurance. This measure is essential to avoid unforeseen medical costs in the new destination country. Falling into financial distress can be avoided if pensioners act with foresight and obtain comprehensive information about insurance abroad. Planning and precautions are essential in order to be able to enjoy your retirement abroad without worries.