I am a 49yo, very healthy man, non-smoker. I have been working out for decades, watching what I eat, and maintaining a very athletic physique with body fat at around 12% all year around. Last year I quit my office job and moved to SEA. Before the move, I had signed up for an annual plan with ALC Insurance. My coverage has a $2500 deductible and a $1089 premium. A couple of days ago I received a renewal notice for $1205 (+10.6% increase with not a single claim in the past 12 months). I spend about 6 months a year in Thailand (with intentions to apply for a retirement visa shortly after turning 50), 4 months in other SEA countries, 2 months in more expensive countries like Australia and Korea.
To justify the coverage above, I should be facing a medical bill of at least $3705. That makes me think if I should consider so-called "self insure" instead, given my health condition and relatively affordable medicine in the countries I spend most of my time in. Besides, if my premium increases by 10%+ each year, I am afraid I'll be forced to make this call in a few years anyway. Your thoughts would be very appreciated.