Cost of Mandatory Insurance for Retirement Visa

[khaepmu]

What might the cost for a one year 3 million Baht health insurance policy cost about. Anyone know or like to make an educated guess.

[KhunLA]

Did I miss the memo ... not mandatory.

 

Quick Google ... guessing OP is referring to 'O-A' visa, and not -O- or extension of.

 

Haven't a clue how much, and in couple years, doubt if it would be available to me, if even available now @ 67, 68 before end of the year.

 

Plenty of ins. offers on the internet, even saw one, 'start coverage @ 70 till 80, and no health exam if under 65'.

 

Thinking useless if I live till 80, though if terminal or expensive treatment required at any age, would suspect them to drop me immediately.  Seems to be their SOP.

Edited October 21, 2021 by KhunLA

[khaepmu]

Sorry, I thought I heard on a Thai News clip on YouTube that expats who want a retirement visa will need to have a 3 million Bhat health insurance policy. I must have been mistaken.

[KhunLA]

I did a quick edit, you may be correct for an O-A visa.

 

It may fall in line with anyone entering Thailand, with the new $100k required insurance.  Though just read they are thinking about lowering that to $50k USD  ... not in the Gazette, so anyone's guess.

Edited October 21, 2021 by KhunLA

[mtls2005]

1 minute ago, khaepmu said:

Sorry, I thought I heard

Longish threads already, am under the impression that this is a "proposal" by some minor government functionary.

 

If/when instituted you can be sure there will be policies.

 

https://aseannow.com/topic/1236089-non-immigrant-oa-visa-applicants-required-to-have-฿3m-health-insurance/

 

[ubonjoe]

1 minute ago, khaepmu said:

Sorry, I thought I heard on a Thai News clip on YouTube that expats who want a retirement visa will need to have a 3 million Bhat health insurance policy. I must have been mistaken.

There is no retirement visa.

You can apply for a non-o visa and extension of stay based upon retirement at immigration.

Or a Non-OA long stay visa at a embassy or consulate. That is what the insurance mentioned is for. 

[khaepmu]

Silly me. I am always forgetting that these extensions are not visas and that there is difference between a Non-O and a Non- OA visa at an embassy or consulate.

[KhunLA]

4 minutes ago, ubonjoe said:

There is no retirement visa.

 

Seriously ...

.... -O- visa for reason of retirement.  Most would consider that a 'retirement visa'

But hey, what do we know ... ????

[ubonjoe]

7 minutes ago, KhunLA said:

Seriously ...

.... -O- visa for reason of retirement.  Most would consider that a 'retirement visa'

Look at list of visas on a embassy or consulate website and you will only see a non-o visa and then it states the reason it is applied for.

The only visas that are close to being called a retirement visa is a Non-OA or Non-OX visa.

[Peterw42]

24 minutes ago, khaepmu said:

What might the cost for a one year 3 million Baht health insurance policy cost about. Anyone know or like to make an educated guess.

Depends on your age and medical history. Also what deductible/excess you want to pay.

Ballpark, $1,000-2,000 US a year for 50 year old

[cooked]

18 minutes ago, KhunLA said:

Seriously ...

.... -O- visa for reason of retirement.  Most would consider that a 'retirement visa'

But hey, what do we know ... ????

Even the Immigration authorities refer to "Retirement Visas". 

[Moonlover]

30 minutes ago, KhunLA said:

Seriously ...

.... -O- visa for reason of retirement.  Most would consider that a 'retirement visa'

But hey, what do we know ... ????

Another newbie who thinks he knows it all.

[KhunLA]

20 minutes ago, Moonlover said:

Another newbie who thinks he knows it all.

20+ yrs living 'in' country, not sure that qualifies as a newbie.

 

Do y'all correct people who refer to Krung Thep as Bangkok, since technically, most have never been to Bangkok (noi / yai).  OK, maybe if visiting Wat Arun (if leaving the boat) or WangLang market, if knowing it exists.  But most couldn't tell where those districts are, or even if they exist.

[Moonlover]

4 minutes ago, KhunLA said:

20+ yrs living 'in' country, not sure that qualifies as a newbie.

 

Do y'all correct people who refer to Krung Thep as Bangkok, since technically, most have never been to Bangkok (noi / yai).  OK, maybe if visiting Wat Arun (if leaving the boat) or WangLang market, if knowing it exists.  But most couldn't tell where those districts are, or even if they exist.

All that and you've yet to discover that there is no such thing as a 'retirement visa'. 

[lightsidecat]

1 hour ago, ubonjoe said:

There is no retirement visa.

You can apply for a non-o visa and extension of stay based upon retirement at immigration.

Or a Non-OA long stay visa at a embassy or consulate. That is what the insurance mentioned is for. 

With all due respect Sir, I am on an extension of stay from an original Non-OA issued 10 years ago from my embassy and I am required to have the 40/400 K insurance since 2020.  I have not read anything, anywhere that indicates I will exempt (this time) from the proposed increase to 3MM and that this additional insurance will only apply to new embassy or consulate applications. 

[KhunLA]

1 hour ago, Moonlover said:

All that and you've yet to discover that there is no such thing as a 'retirement visa'. 

And 10s of millions of tourist have never been to Bangkok (noi / yai) even though they arrived to DMK / BKK airports.  Oh my ....