Baby Boomer Health Care Costs and Retirement Options in Lake Chapala
Updated: Apr 16, 2022
I recently read an article which had some frightening and interesting statistics regarding the state of healthcare costs in the U.S. and people's ability to afford them in the future.
Amazingly, barely one in 10 has enough saved up to afford healthcare. This was from a study of 804 Baby Boomers between 56-72 years of age.
From the information in the study only 11% had $500,000 saved up for retirement and nearly half had nothing. The rest were in between.
While this was shocking news, it is not at all surprising.
Unfortunately, it is predicted that a couple currently in their mid 60's might require between a third and a half million dollars for their healthcare expenses. Additionally, nearly 70% of those will require long term care at some point at an average yearly cost in the U.S of $89,000.
What's the answer?
Luckily, you are reading this blog and are learning about available options in Lake Chapala, Mexico.
Yes, Lake Chapala is one of the most prominent retirement destinations in the world that can provide you with excellent healthcare, and an improved standard of living at 1/3rd the cost.
Like anywhere, retirement homes vary widely in Lake Chapala in regards to services and costs.
For independent living, you can pay as little as $1200 per month and it can go up to $3500 per month for a full care facility.
New and Improved Retirement Communities
Think you are too young to go into a retirement home? Well, think again. The new concept retirement community of La Pueblita is changing all that. This is an active lifestyle community where with as little a $2,500 buy in, you can enjoy their luxurious facilities in one of the best climates in the world.
La Pueblita provides a carefree, maintenance-free lifestyle designed for people who want to lead active lives, knowing that their home and routine tasks are taken care of while they are traveling or just enjoying life along the Lakeside.
Activities are almost too numerous to mention. Yoga, pilates, art, sculpting, ceramics, woodworking, Spanish and history classes, dancing, concerts, and even a nature center are among the many and ever changing activities one can take part in.
After all that, enjoy the many amenities available such as the pools, massage, snack bar, sky bar, lounge, or one of three a la carte restaurants.
Aging in Place
La Pueblita offers the ability to 'age in place' and all levels of care are available as needed, including memory care.
Each resident of La Pueblita receives a complete health screening under the guidance of the Medical Director. LaPueblita also offers it's residents the security, comfort and knowledge that, should the need arise, the highest quality healthcare is available 24 hours a day, 7 days a week in the form of emergency medical services. They also offer rehabilitation services, nutrition, alternative and holistic medicines, and dental care. There will even be a on-site pharmacy.
La Pueblita has a huge range of accommodations available for you to choose. From 556 sq.ft studio apartments all the way to 1738 sq.ft. Casitas, Finding the right home for you has never been easier.
Michaela & Ricardo are your FULL SERVICE Real Estate Agents. Along with our Retirement Seminars, our over 20 years of combined experience Lakeside, and our network of area Professionals, we help guide you to from beginning to forever in your Retirement Journey to Lake Chapala, Mexico.