Lost Nomad

Do we have any US government civilian retirees that have been able to use their FEHB insurance for the LTR visa? It has unlimited worldwide coverage similar to Tricare and direct billing arrangements with hospitals in Thailand. I'm crossing my fingers for JackGats' strategy of using the option B social security benefits approach to meeting the requirement.

Is this what you are doing to comply with the insurance requirement? I have 100K held as mutual funds/ETFs in retirement accounts (IRA/401K) and would be happy to hear that the BOI is accepting proof of those funds not held as (1) cash or (2) annuity. If statements with the current balance & historical balance meet the documentation requirements, that would be great.

Reference: "This new Thai visa could change your life" video by Retired Working for You. Timestamp: 14:05 BOI representative Miss Kantarot states that any passive income shortfall (80K - SS amount) * 10 in a retirement account can bump up your annual total to meet the 80K passive income requirement. She doesn't state that you actually need to buy the annuity. It seems like just by having sufficient funds in the account is "self funding" the income. I'd clarify this when you communicate with the BOI.

10 March Bangkok Post article: LTR data from 1 Nov 22 - 28 Feb 23: 195 Wealthy Global Citizens 1011 Wealthy Pensioners 771 Work from Thailand Professionals 390 Highly Skilled Professionals 553 Spouses and Dependents 2920 Applications ??? Approvals

I'm interested in hearing data points from others in similar circumstances. If each version of LTR has a consistent POC and we know what they prefer to see we can use this to streamline our submission approvals. Goal: LTR Wealthy Pensioner Visa Considerations: Prefer to minimize data provided, avoid purchasing Thai insurance, avoid needing large cash account Timeline: Planning stage only so not ready to apply About me: Retired US federal employee, age 50+, with FERS pension (< 80K) and FEHB medical insurance (AFSPA) Income verification (Pension + Dividends > 80K): Preferred data to provide: OPM 1099-R, redacted Recipient ID Number & Account Number, highlighted Box 1 Gross Distribution Preferred data to provide: Vanguard 1099-DIV page 1, redacted Document ID & Recipient TIN & all data in Summary of Proceeds section, highlighted Line 1a Total Ordinary Dividends Supplemental data if requested by BOI: Form 1040 (e-filed using Turbotax), redacted Social Security Number & Banking information, highlighted Box 3B Ordinary Dividends & Box 5A Pensions and Annuities. Considering redacting Adjusted Gross Income and Taxable Income since I believe these are used by the IRS for identity verification purposes. 2023 OPM Annuity Statement provides monthly benefit. Redact Annuitant Claim Number. Highlight Gross Amount of Annuity & FERS Annuity Supplement data. Medical Insurance: Preferred data to provide: Letter of Coverage from AFSPA Supplemental data if requested by BOI: Self fund USD 100K. I can use either Vanguard or my Thrift Savings Plan. My checking/savings account is the only pure cash account and is minimal. Additional thoughts: Income verification: In lieu of providing the Form 1040, has anyone been successful in providing only the tax transcript? I would need 2023 YTD dividend amounts from Vanguard and show the calculation for 2023 pension + estimated dividends > 80K. Medical insurance: AFSPA and FEPBlue are 2 FEHB plans that have Direct Billing Arrangements with the best private hospitals in Thailand. I read somewhere that the BOI may be easing the 10 month remaining requirement for Tricare and possibly FEHB insurance, but not sure of the validity of this rumor. Has anyone successfully received a Proof of Coverage letter from any FEHB provider that the BOI has accepted? Medical insurance Self Funding: The TSP quarterly statement (page 1) shows the balance amounts with no indication of the underlying investments. TSP does have Savings in the name so maybe it will be approved easier. Others have indicated they self funded using IRA accounts, but nobody has specified Vanguard and if Traditional/Roth. I read a comment on Reddit where a Vanguard account was denied. Has anyone used a Vanguard IRA to self fund? BOI contact information I found online but have not verified: Wealthy Global Citizen – Khun Auttapol (022091141) Wealthy Pensioner – Khun Mumtaz (022091143) Work From Thailand Professional – Khun Poothip (022091146) and Khun Suchawadee (0220091142) Highly Skilled Professional – Khun Intuch (022091144) and Khun Jakkrawan (022091149)