global expat

I save around 500 usd per month. I am a teacher. I should of wrote most diseases can be cured naturally. I cannot edit the original post. Accidents can happen though. I know health insurance does not only cover for health issues but accidents too. Thanks brother

Hi everyone, I am grateful for this community. I am 33 Canadian living in Bangkok. No dependents at this moment. I have a UK inpatient only insurance policy domiciled in the UK with 3000 usd deductible and less than 1000 usd in price based on the advice from this community. I read the horror stories about insurance premiums being so high For people 60 or higher that most people have to self insure. I do not know even use insurance. I rather use the premiums to invest in myself or the stock market. I do not see the value of insurance now. It is not providing me and others value at all. I do not ride motorbikes due to accidents and use public transportation. I try to eat healthy but it is hard lol 😆 I believe all diseases can be cured naturally with diet, exercise, and fasting. I avoid pharameticals like the plaque. I can go to a good public hospital. I talk to a financial advisor. I told him when I reach 60s or higher, insurance will be too expensive that I might have to self insure. He told me if I self insure, contribute monthly to all in one etf and withdraw it to pay for medical treatment. I am not sure if his advice is good. If you were in your 20s or 30s again, what would you do differently when it comes to insurance? What kind of investments will be good to look at if I want to self insure myself in the future? Thanks all for your help

Hi mate, I am sorrt what you are going through mate. I am 33 years old. I am disgusted how insurance is treating you guys so badly. I know that they will do the same with me in the future. Here are some of my suggestions that can help you mate: 1. start a bz without any costs. You can use the funds from bz to pay for the cigna premium. Like you can start a youtube channel and attract an audience as an example, Find used products and sell for a higher price as another example. 2. Find ways to cut expenses so like beer, fast food etc 3. Do not get rid of cigna insurance as if you try another one, the new insurance company might not take you on or cover your preexisting conditions. Just put a high deductible on cigna and try to tell cigna " Hi, I have been a long time customer of yours, please give me a discount for being a loyal customer" 4. talk to a financial advisor in the UK and ask him what are some investment options out there that can help you earn money and discuss your financial situation. I told my advisor that insurance will be expensive in the future and I might have to self insure so I asked him for an investment vehicle that can replace private insurance. He told me to put it all in one etf and withdraw money from that when I get old. Check with yours I hope it helps man.

@Sheryl Hi Sheryl, how did you become knowledgeable in health insurance? What books, resources, or videos you recommend? Thank you for your time.

@Etaoin Shrdlu thanks Etaoin. I bet some courses will not mention about regulation.

@Etaoin Shrdlu how did you learn about medical insurance? Is there any books, videos, or any resourse? I need to also read for life insurance as well. Thanks

@Etaoin Shrdlu I did not know img acts as a broker for different insurance companies. Like which ones? How does img sell its competitors insurance? Mga agreement? thanks mate

@Etaoin Shrdlu is img an insurance company not broker? I know pacific prime is a broker. Is img under good regulation? Thx mate

@jerrymahoney I realize direct billing is important. Thanks mate

@Etaoin Shrdlu one of the hospitals told me the person will stay at the hospital until they receive payment from the insurance company or the person. The broker told me the insurance company has a good track record of paying it. It is a huge upgrade of my previous one which is a thai policy. I am planning to send my insurance card to multiple hospitals in bangkok. Thanks mate

I got a UK inpatient only Insurance policy from western based broker. He told me that direct billing is not necessary as guarantee of payment letter can be provided. I talk to some hospitals and they mention the insurance company is not part of their direct billing list. Is direct billing necessary? What is your experience with guarantee of payment letter?

@Etaoin Shrdlu nice mate

@Etaoin Shrdlu what do you do for work? Thanks mate

@Etaoin Shrdlu what particular licenses and certificates should a broker have? Do you look at their LinkedIn profile to see their credentials? I did research on one broker. I looked at their employee reviews. One mention they hire people without license and some have to lie to get a sale. Thanks man

@Etaoin Shrdlu Thanks mate.