Outsourcing Your Healthcare

Medical tourism, or travel tourism as it is sometimes called, has been picking up momentum in the United States, where the costs of health care are often times quite excessive. Medical tourism is the practice of traveling outside of one's home country to simultaneously receive medical care (at a significantly lower cost) and take advantage of the opportunity to see a new travel destination, like Panama, Mexico, or India.

The cost saving benefits are clear: for example, the average cost of a U.S.-performed breast augmentation is $8,000. The same procedure performed in Costa Rica costs a mere $2,900. The savings of over $5,000 easily covers your travel expenses and accommodations. Of course, there are some risks to consider as well. But overall, look for this trend to become more popular.