To qualify, retirees must prove that they have an income of at least three times the minimum salary in Colombia. The visa costs roughly $282 and has a few requirements that retirees must meet to receive it. The visa that most expatriates use is the pensionado visa (TP-7). Those who don’t qualify for Prepagada insurance may want to explore a global health insurance policy. If you are over 60 years of age or have specific pre-existing conditions, it’s possible to be denied coverage from Medicina Prepagada. With a private Prepagada policy, a passport is enough. Foreigners must have a resident ID card to apply for EPS. The first is Entidades Promotoras de Salud (EPS), a public healthcare system mandatory for all residents, and the other is Medicina Prepagada, which is public health insurance available through different private lenders. ![]() While Colombia has several types of medical coverage available, two are available for non-Colombians. Colombia has clinics and hospitals in major cities, and many have bilingual doctors. ![]() Luckily, Colombia has good healthcare options available. Healthcare is a common concern for many retirees who wish to move aboard. For example, a one-bedroom apartment in the city center of Bogota averages about $365 per month. However, rent prices will vary depending on what city you choose. If you want more space, the national average for a three-bedroom apartment is about $470 per month in a city center and roughly $365 per month in the suburbs. The national average for an urban one-bedroom apartment is about $265 per month and about $210 per month for a suburban apartment. Rent is about three-fourths lower in Colombia than in the United States. ![]() The national average costs for broadband internet with unlimited data is $30, which can help you connect with your loved ones. Utility costs include garbage service, electricity and water, which average about $70 for the nation of Colombia according to Numbeo. In more expensive cities like Bogotá, Medellín and Barranquilla, you may expect to spend a bit more, and you can expect to spend a bit less in cities like Bucaramanga or Pasto. According to Numbeo, a website that collects pricing data from citizens, you’ll need to budget (excluding rent, but including food, utilities, transportation, and recreation) around $250 per month for living costs. Fortunately, Colombia offers retirees an affordable yet comfortable way of life. It’s often challenging for retirees to maintain their lifestyle while in retirement due to living on a fixed income.
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