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Insure your self or die


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And how many people died today with insurance?   The real risk is not death. The real risk is having a lifetime of savings wiped out by a serious illness.

What about stay away from private hospitals? Big savings to be had there .

In Thailand health insurance is useful even if you have plenty of money to hand.   It is essential if you don't have any money.   Unfortunately, as we know, many people, especially

  • metisdead changed the title to Insure your self or die
10 hours ago, Antonymous said:

In Thailand health insurance is useful even if you have plenty of money to hand.

Agree 1000%.

 

10 hours ago, Antonymous said:

It is essential if you don't have any money.

Again agree 1000%, and for as little as 200-300 baht a day for cover of up to 40 million baht, I can't see why people don't insure, i.e. unless they can't due to age.

 

Even those that money should see insurance as a fundamental requirement in my opinion, as it not only provides you protection, it also protects the money you have, so it works two ways in my opinion.

 

10 hours ago, Antonymous said:

Unfortunately, as we know, many people, especially older folk, cannot afford the premiums. In that case living here will always be a gamble. That part is your choice.

I think if older folk cannot afford 200-300 baht per day or cannot get insurance here due to age, then they should self insure i.e. have at least 2-3 million baht as a fall back position, and if they haven't got the dosh to do so, they as you say, they take the gamble/choice, sadder if they don't have the money to self insure.

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7 hours ago, JeffersLos said:

So what can people with no money pay the premiums with, turnips? 

For starters, they really shouldn't be here.

 

The problem with most expats that I know is that insurance is readily available to them for a couple of hundred baht per day, however they choose to look the other way for the price of a couple of bottles of Chang per day, they enjoy that more than an insurance policy, will never happen to them, but when it does, it won't be pretty.

 

But as Antonymous said in his above post, it's all about choice, but I will also add education to that.

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14 minutes ago, itsari said:

What about stay away from private hospitals? Big savings to be had there .

I know where I would rather be if I was going to be hospitalised here and knowing that someone else was footing my bill, even better, you pay what you get, and if you have ever had any experience here in public hospitals, you will know what I am talking about, but then again, it really boils down to choice and who you want to look after you while being cared for, i.e. there is a clear difference between public and private here and where doctors/specialists/professors are trained, either here in Thailand or abroad, and whether they speak English. 

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8 minutes ago, 4MyEgo said:

But as Antonymous said in his above post, it's all about choice, but I will also add education to that.

For starters not using private hospitals,not using ICU  stay on a ward,same treatment but at bedside,having accident insurance  5000baht a year,  elective/selective medical care Malaysia by far the cheapest,   cheaper than that India   when covid allows,......finding cheap medivac options,..mines free,...whatever medical insurance u have that is not included

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OP, its the same all over the world, there isn't really any such thing as free healthcare, its either tax funded, insurance funded or personally funded. 

I don't think any insurance is going to pay for a transfer from Surin to bangkok.

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30 minutes ago, itsari said:

What about stay away from private hospitals? Big savings to be had there .

So, you think that a government hospital is very much cheaper for an insured foreigner? Please tell me your secret. How did you manage to include yourself in the 30 baht scheme? 🤪😆

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3 minutes ago, fredscats said:

Always found the govt hospitals Ive used are excellent

My point being...in an emergency you 'may' not have the choice of where you end up

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Life is a mystery.  We never know when or where the grim reaper will come calling and close us out.  Either with insurance or without insurance the day will finally come and we will be no more.  Insurance may save your life when needed or it may just create a prison where you are stuffed up on machines while the family grieves and decides how to proceed with your estate.  Sure insurance is a necessity for some, while others choose to save the annual premium amount in the bank and let it gain interest and become self insured.  Those days however seem to be farther and farther in the past as people who had saved now find themselves having used the saved money and now require that insurance.  The insurance companies are the only ones who win in the end. Better to have a Whole life insurance policy that will pay for all the incurred expenses after you pass or better yet have a Family trust where everything is put inside and the family is not left destitute when the estate is taken to court.  Nothing in the estate means that no probate is needed and there is nothing left for the vultures.  Of course being here in Thailand YMMV. In the end as I said at the start of this post "Death comes for us all".

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11 hours ago, Antonymous said:

In Thailand health insurance is useful even if you have plenty of money to hand.

 

It is essential if you don't have any money.

 

Unfortunately, as we know, many people, especially older folk, cannot afford the premiums. In that case living here will always be a gamble. That part is your choice.

Covid insurance is available to anyone up to 99, but general health insurance is not available over 75 yrs unless you want to pay Cigna $20k USD yearly for an 86 yr old (quoted by them for a friend).

But covid is very cheap cost 3800 Thai Bhat for 90 days.

If he had  covid , as it sounds like, but the poster has not said, then he would have been ok.

As for all the expats over 75 and those in their 80's getting a visa extension will require an agents fees.

I would get the covid cover at least regardless if your 75+

Sorry to hear about the old boys bad luck RIP.

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35 minutes ago, Leveraged said:

The problem in Thailand is that most people don’t leave $100k just sitting in cash, depreciating and losing value.

Understand, that is why I have insurance, that said, if I couldn't get insurance because of age, I would put $100k in a Thai account, suffice to say I have funds that are overseas in a bank account earning zero interest, that is just the way things are theses days and that is my back up position, e.g. if my investments crash, I will need funds, as a fall back position even though I am not receiving interest, it doesn't bother me, so if I had to put those funds in a bank here, I would, that would be my insurance. 

 

36 minutes ago, Leveraged said:

And legit insurance for old people, the kind with coverage in the millions that you are trying to anticipate, costs a lot more than “300” per day

I used that as a guide, I am over 60 and pay 330 baht per day for 40 million cover, way over the top in cover but that is just the way the policy is, even if it cost me 1,000 baht per day it would still be feasible when considering the costs of being in hospital, for example, I know of a bloke who is around my age, went into hospital, 2 weeks was in the millions, he was very ill, they literally brought him back to life, now fortunately for him, he was insured and he was worth saving to them, what if he wasn't insured and didn't have any money to insure, from what he had and the condition he was in, I would say he wouldn't have made it, hospitals are a business and people profit, they also have reputations and in my opinion private hospitals will go the extra mile here if you are insured or have the $'s from self insuring.

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