When purchasing a home, there are many important factors to consider. Most home buyers will focus on location, price and the size of the property. You may also be concerned about issues like local schools and community amenities for your family. While these factors are certainly important to research, healthcare planning is often overlooked for those planning a move to a new area. Even a move across town may dramatically impact your healthcare situation—both physically and financially.
In fact, studies find that 27% of Americans aren’t happy with their local healthcare options. Many people find this out after they have already relocated. This causes them to procrastinate to find a primary care doctor, or ignore important medical needs like check-ups, lab tests and prescription renewals. This is why you want to do the necessary research before you move in order to ensure you have access to quality healthcare. Here are some reasons why healthcare planning should be a key consideration in the home buying process:
Proximity to Healthcare Facilities
One of the primary concerns when moving to a new area is the proximity to hospitals, clinics and pharmacies. This is especially critical for families with young children, elderly members or individuals with chronic conditions. In emergencies, being close to a hospital can make all the difference. Research local healthcare providers, specialists and urgent care centers before making a decision. Some areas may have limited healthcare options, which could pose a challenge in times of need.
Health Insurance Networks
When moving to a new city or state, your current health insurance may not cover the same providers in your new location. Or, you may have a new employer with different coverage options. If you are keeping your current plan, be sure to review your health insurance network and make sure you’ll have access to your preferred doctors and hospitals. Consider whether you’ll need to switch plans, and how that may affect your healthcare costs.
Cost of Healthcare
The cost of healthcare can vary significantly depending on where you live. Some states or regions may have lower healthcare costs, while others may be more expensive. Factoring these expenses into your home buying budget is critical, especially if you are buying in an area known for higher medical costs. Planning ahead can prevent financial strain later. It’s smart to maintain a balanced budget for both your mortgage and medical expenses.
Access to Specialized Care
If you or a family member requires specialized medical care, you’ll want to ensure that these services are accessible. Larger cities tend to have more options for specialized care, while rural areas may require longer travel times.
Incorporating healthcare planning into your home buying process ensures peace of mind and can help safeguard your physical health and financial future. Don’t overlook this important aspect as you make one of life’s most significant investments.
If you are planning a move to Southeastern Pennsylvania or Northern Delaware, contact The Cyr Team today. We can help you with all aspects of your home purchase and relocation planning, including local healthcare research and other important information about your new community.