Panama, retirement in Bocas del Toro.

Setting the standard

The excellent Pensionado Program

Panama is, in many ways, a retirees dream come true: and this is due in no small part to Panama's unmatched retiree incentive program, the Pensionado Program. Qualifying for the program is pretty easy too; all that is required is that you:

  • Be in generally good health and free of HIV/AIDS
  • Have an up-to-date passport from your country of residence
  • Have a verifiable minimum monthly income of $500, and $100 per dependent
  • Have a clean police record for the past five years

Once you qualify, you get significant discounts on just about everything in Panama , from doctor's visits to transportation, restaurant tabs to utility bills. Among the benefits are:

  • 50% off closing costs for home loans
  • 50% off entertainment anywhere in the country (movies, concerts, sports, etc.)
  • 50% off hotel accommodations from Monday to Thursday (30% off on Friday and Saturday)
  • 30% off bus, boat, and train fares
  • 25% off airline tickets
  • 25% off restaurants (15% off fast food)
  • 20% off visits to the doctor's office
  • 20% off professional and technical services
  • 15% off hospital bills (if no insurance applies)
  • 15% off dental and eye exams
  • 10% off prescription medications

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