How much does IESS insurance cost me per month if my income is $0/month?
I've read on this website that expats can voluntarily become members of the Ecuadorian National Health Insurance IESS (Instituto Ecuatoriano de Seguridad Social) by paying 17.60% of their income.
* https://www.expatexchange.com/eetr/78973/39/7/healthcare/ecuador/Expat-Healthcare--Health-Insurance-Montanita-Ecuador
Currently (October 2022), new applicants for an investor visa requires you to earn a minimum of the "basic salary" (salario básico) of $425 per month. So IESS would cost 425*0.176 = $75.15 per month.
Currently (October 2022), new applicants for an retiree visa requires you to earn a minimum of three times the "basic salary" (salario básico) of $425/mo. That's 425*3 = $1,275. So IESS in this case would cost 1275*0.176 = $224.40 per month.
But after these temporary, 2-year visas are up, you can apply for permanent residency. Does permanent residency require any minimum income?
Anyway, after permanent residency, you can apply for citizenship. I don't think there can be a minimum income requirement for a citizen..
So my question is: if your income drops to $0 (ie you retire without a pension and live off just your savings), how much would IESS cost in Ecuador?
I've read on this website that expats can voluntarily become members of the Ecuadorian National Health Insurance IESS (Instituto Ecuatoriano de Seguridad Social) by paying 17.60% of their income.
* https://www.expatexchange.com/eetr/78973/39/7/healthcare/ecuador/Expat-Healthcare--Health-Insurance-Montanita-Ecuador
Currently (October 2022), new applicants for an investor visa requires you to earn a minimum of the "basic salary" (salario básico) of $425 per month. So IESS would cost 425*0.176 = $75.15 per month.
Currently (October 2022), new applicants for an retiree visa requires you to earn a minimum of three times the "basic salary" (salario básico) of $425/mo. That's 425*3 = $1,275. So IESS in this case would cost 1275*0.176 = $224.40 per month.
But after these temporary, 2-year visas are up, you can apply for permanent residency. Does permanent residency require any minimum income?
Anyway, after permanent residency, you can apply for citizenship. I don't think there can be a minimum income requirement for a citizen..
So my question is: if your income drops to $0 (ie you retire without a pension and live off just your savings), how much would IESS cost in Ecuador?
