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How Retiring Abroad Affects Social Security And Medicare

Question: If a retired individual moves abroad, can he or she still collect Social Security? What about Medicare?

Apparently you can take it with you, when it comes to Social Security payments. Retirees living outside the U.S. in most cases can have their Social Security payments deposited electronically in a bank here and transfer the funds to an account overseas. A second option: a direct deposit in a financial institution in a retiree’s adopted country — as long as that country has a direct-deposit agreement with the U.S. (Go to socialsecurity.gov and search for: IDD Countries.)

 

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