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Expats’ EHIC-Style Rights Guarantee a Step Closer

“For the 190,000 expat state pensioners who have chosen to live in the EU and those intending to retire to the EU, it will help by safeguarding reciprocal healthcare if there is no EU deal,” announced the government.

Baron O’Shaughnessy, Parliamentary Under Secretary of State at the Department of Health and Social Care commented, “Whether on holiday, working or retiring abroad, British people want to know they can access the same high quality healthcare that they enjoy in the NHS.

“This bill will allow us to implement new healthcare arrangements with other countries – in the EU and elsewhere – so that UK citizens can travel with confidence.”

Furthermore, the government has also reassured expats that it expects the existing EHIC scheme will survive “subject to an agreement with the EU”.

The bill was brought to parliament by Health Minister Jackie Doyle-Price. It lays the “legal basis to fund and implement reciprocal healthcare schemes and share necessary data after we leave the EU”.

Although the move has been criticised by some, it is undoubtedly a positive move as it represents an important contingency in the event of a no-deal.

Blacktower, expat financial services

At Blacktower we make it our priority to help you achieve your financial and retirement goals while also helping you negotiate all cross-border considerations, including those that are related to Brexit.

If you are seeking expat financial advice regarding Brexit</> and would like to find out more about how Blacktower’s wealth management services could benefit you, contact us today.

Other News

How Much Money do I Need to Retire in Spain?

Spanish flag and EurosThere is so much to recommend around retiring to Spain. However, the many opportunities inherent in a move to the country also bring a great many challenges. As such, if you want to join the approximately 250,000 British expats who currently live there, you will need to consider a number of important questions, not least the cost of retiring in Spain.

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Canary Islands Villa, Yours for 525 Bitcoins

BitcoinA luxury property in the Canary Islands is up for sale. No, this doesn’t sound like news, but there’s an important and unusual detail: the five-bedroom villa in the lofty hills of La Caleta, Tenerife, is being sold for 525 Bitcoins (approximately €3.2 million).

But why would someone exchange a near 2,700 square metre plot, comprised of house, swimming pool, gardens, Atlantic views and palm-lined outdoor eating area, for a “virtual currency”?

We have long been told that Bitcoin is a bubble that’s going to burst, so surely exchanging such a valuable asset for an unstable and unregulated “pseudo currency” is financial madness of the most extreme kind. There are certainly detractors of the currency, such as Warren Buffet, who would argue this point. Perhaps the vendor’s expat financial advisers in the Canary Islands should reach straight for the phone to dissuade him from such a move?

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