Korea

How Much?

Pondering the Possibility of Medical Travel? Consider All Costs

When considering the costs of traveling overseas for healthcare or wellness, you should not only factor in the stated prices from healthcare facilities, but also look into the following:

The cost of living in Korea is higher than most other Asian countries, especially when it comes to housing. A three-bedroom apartment in the center of town will average US$2300 a month, for example. However, transport, local food, clothing, entertainment and recreation are cheaper than you might expect. A three-course meal for two at a mid-range restaurant runs around $34.The monthly fee for a fitness club is about $65, a mid-range bottle of wine will cost around US$17, and an imported bottle of beer averages even less at just $4. Food is relatively expensive, however, and clothes and shoes—outside of known bargain havens such as Itaewon—are pricy.

Insurance in Korea

You should confirm with you health insurance provider that your package covers treatments and procedures in Korea. If not, explore some of the global health insurance options online to see if you can find one that will. Several major insurance firms have introduced plans that cover traveling overseas for care (although it should be noted that Korea has lagged a bit in this area). This gives you more options and cuts your out-of-pocket costs, and the insurers pay out much less to healthcare providers for their services. Insurers have even partnered up with certain medical facilities abroad to provide cross-border care.

Healthcare Costs

Korea offers a lot of procedures and treatments at prices that will leave visitors from the West satisfied with the deal. It isn’t the least expensive option, but you’re getting superior care in a modern facility. There are some procedures that break the pattern, costing more than they do in the West.

Know Before You Go

Korea News & Features

Travel

Korea: Cosmetic and Beauty Procedure Mecca

Korea is a relative newcomer to the medical tourism world, but has made some of the most decisive moves in the industry. The government identified medical tourism as a growth sector and has systematically addressed the potential concerns of medical tourists and Korean citizens by favorably modifying malpractice laws and medical visa policies, monitoring medical tourism providers, and establishing a medical tourism center with 24 hour multi-lingual support. As a result, the number of medical tourists has increased from a low of 7,900 in 2007 to 120,000 in 2011 and continues to grow rapidly.

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