On its web site at http://www.irs.gov/publications/p502/ar02.html#en_US_publink100014761 , the IRS states that, “ Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes. They also include dental expenses.”

Now here’s the good part, “Medical expenses include the premiums you pay for insurance that covers the expenses of medical care, and the amounts you pay for transportation to get medical care.” Sounds like you are on your way to Panama!

Medical tourism is booming around the globe as travelers have begun to discover the convenience and pleasures of recovering from medical procedures while relaxing in the comfort of a world class resort. In the northern hemisphere, Panama is the undisputed Mecca of medical tourism. The incredible natural charms of this unique country are perfectly complimented by a medical infrastructure that is among the best on the planet.

On average, a medical procedure conducted in Panama will cost about half of what you would pay in the U.S.. When you add tax benefits to the equation, your total savings will probably more than cover the cost of your vacation here. This said, it isn’t hard to see why some many have opted to enjoy a nip, tuck, lipo, or laser whilst adrift in Panama’s sun drenched tropical charms.

When planning your medical vacation to Panama it is always a good idea to have a chat with a local travel professional. You will find that medical tourism is a very popular vacation option here requiring that travel professionals become familiar with provider, service, and pricing options. They will be happy to share this knowledge with you. Why come this far without making the best of your time and treasure? To chat with a Panama local travel specialist (Click Here).

While in Panama why not look into some of the many ways you can fund your retirement here while vacationing in your younger years. Panama offers a wide range of investment, tax, banking, estate management, and real estate options designed to help you develop an off shore nest egg and a paid for retirement home while you enjoy years of vacation fun.

Did you know that when you retire to Panama, you will no longer have to pay taxes on income you earn outside of the country? If you buy your retirement home with the right guidance, you may not have to pay property taxes for up to 20 years either.

How would you like a low cost vacation home that pays for itself? When you buy property in one of Panama’s high demand “Condo-Tels” revenue from rentals while you are away can sometimes pay for your unit. By the time you reach retirement, your paid for resort condo will be waiting.

It is also important to remember that Panamanian law allows you to invest and bank in secrecy. The mechanisms that make this financial privacy possible have also produced one of the best estate management jurisdictions on earth.

For more information click here.