From the BBC (Brexit Blocking Corporation), comes this tale of woe and personal disasters.
British nationals who have retired to EU countries may no longer have their healthcare costs covered by the NHS in the event of a no-deal Brexit and many are considering returning home, reports Vishala Sri-Pathma.
Currently expat pensioners can get treatment reimbursed by the NHS under an EU-wide deal
Ah, yes that would be a problem.
How does it currently work?
Pensioners who have paid in to the UK’s national insurance system for the qualifying number of years benefit from the S1 reciprocal healthcare rules if they retire in EU/EEA countries or Switzerland.
What’s the revenue flow for that arrangement, one wonders? How much is charged each way, who runs the deficit?
The system currently saves the NHS about £450m a year. In 2017, a senior health department official told a parliamentary select committee that Spain charges an average of £2,300 for every pensioner it treats, compared with £4,500 charged by the NHS.
I though the NHS was “the envy of the world“? Are we now saying it’s twice as expensive for the same outcome?
Why on earth hasn’t Britain started running hospital tourism cruises to Santander and saved a fortune?
Yet there are no guarantees that this arrangement will continue under the Prime Minister Theresa May’s proposals to protect the rights of EU citizens, including the 1.2 million Britons living elsewhere in the EU.
Frankly, nobody has a clue what bloody deal will be implemented on March 29th, least of all the incompetent idiots negotiating it.
The UK government is currently advising expat Brits in the EU to register for access to healthcare in the EU/EEA country they live in, as some residents may need to be a long-term resident or to pay social security contributions to access free or discounted healthcare.
Of course, even better advice is; whenever you reside in a new country long enough to qualify for citizenship, seriously consider it as an option, given that taxation and immigration are the most frequently amended laws.
Residents of Spain, take note.
Another consideration is to plan for changes in laws. The European reciprocal arrangement for healthcare has only been in existence for about 15 years. Anyone emigrating for a retirement in Asia from Europe would budget for healthcare insurance, in contrast.
Another blow to the British in Spain has been the falling value of the pound. “It’s (Brexit) costing me great amounts of money in my pocket,” one bowler says as he lines up the balls for the next game. “I’d like to sees the exchange rate to go back to what it was six years ago – but that’s wishful thinking.”
Let’s fact check that shall we?
How long has the pound been in decline and is it really due to Brexit?
It’s currently sitting around $1.29, so unless the Forex markets knew about the Brexit vote result back in 2010, there’s not much about the exchange rate one can blame on Brexit.
If your retirement financial plan is underwater after a negative 10% exchange rate change, consider the possibility you weren’t ready to retire.
But possibly the best quote in the whole article is this:
“When I voted to leave I didn’t think it would change anything,” says Yvonne Stone
On verra. On verra.