Advertorial What You Need to Know About Pre-Existing Conditions and Insurance in Thailand

[ASEAN NOW Sales]

 

Health insurance for foreigners in Thailand is crucial, especially when you have pre-existing conditions. That’s why you should secure the best pre-existing insurance in Thailand that offers comprehensive coverage and caters specifically to the needs of foreigners.

 

Price plays a major part when buying insurance, and we recommend that you explore your options for the cheapest pre-existing insurance in Thailand. For expats currently residing in Thailand, identifying the best health insurance plan, whether it’s for you, or your family, is essential to covering your medical costs and your peace of mind.

 

Navigating healthcare and insurance can be confusing, especially with pre-existing illnesses. Understanding coverage for such conditions is crucial in foreign countries like Thailand, which offer various hospitals and insurance options. Buying health insurance while healthy is ideal for protection against unexpected illnesses. However, most Thai firms typically do not cover serious pre-existing diseases.

 

What should you know about pre-existing conditions and insurance in Thailand? Our friends at Pacific Prime Thailand will go through the details so you will be more informed about the topic.

What You Need to Know About Pre-Existing Conditions in Thailand

If you've recovered from a past health problem, insurance companies will require medical exams or proof that you are fully healed. Unfortunately, pre-existing conditions are common, especially among individuals over 50. Despite their prevalence, insurance companies often reject candidates with these conditions.

 

1 - A Higher Price Tag

For a higher cost, some health insurance providers might cover a pre-existing medical condition, but it comes in at a higher price tag.  Only a limited range of pre-existing conditions are normally covered by premium loading options.

 

2 - Moratorium 

Sometimes known as a waiting period, it is a set amount of time that the policyholder must wait before they receive coverage for their insurance plan. In Thailand, health insurance companies can place a moratorium on a customer's insurance application if they have a pre-existing condition. This can be up to 2 years, but it's recommended to ask them for specifics. 

 

If a policyholder has received treatment for their pre-existing condition during the moratorium period and it’s likely not to come back, the insurance provider may choose to include cover for it when the policy is renewed in the following year.

 

3 - Exclusion

Anyone with a pre-existing condition is usually excluded from cover by a Thai insurance provider. The condition itself, along with any related health conditions, will also not be covered. However, if you're healthy when you apply for insurance but somewhere down the line, you have developed medical or health issues, you will still be covered.

Know What to Look For When Selecting Health Insurance

1 - Price

Finding the ideal balance between price and policy benefits is a must when looking for the best-value insurance plan. Usually, Thailand's cheapest pre-existing insurance plans are not the ones with the best overall coverage.

 

2 - Insurance Billing Methods

Consider choosing a plan with direct billing if you want the fastest possible insurance billing service. With this service, hospitals that are a part of the direct billing system will deal directly with the insurer to pay your claim.

 

3 - Worldwide Portability

As an expat, you might return to your native country or live somewhere else in the future. This makes securing international health insurance all the more important since you can be sure that your coverage will follow you wherever you go.

 

4 - Renewability

Sometimes health insurance plans often include a "mutual agreement" renewal clause, which gives insurance companies the option to withdraw from renewing your coverage when you have expensive claims or pre-existing conditions that have appeared during the course of your contract.

 

5 - Insurer Reputation

The reputation of the insurance company should be taken into account, especially when it comes to problems like an increase in premium prices in the past, renewal negotiations, claim support, and customer service.

 

About Pacific Prime

As a reputable health insurance broker with over 20 years of industry experience, Pacific Prime’s expert advisors have the knowledge and expertise to help you compare health insurance quotes and find the ideal fit for your needs and budget. Contact Pacific Prime Thailand for unbiased insurance advice and a free quote today.