BOI Wealthy Pensioner LTVor continue OA extensions

[oldcpu]

30 minutes ago, TerraplaneGuy said:

The problem of course is that governments change, policies change, and there's no way to know for sure what might be required in 5 years when it's time for a new "permission".  Just look at how often Immigration (and various regional offices) change the rules for "extensions of stay" under OA visas.  Let's keep our fingers crossed with the LTR 🙂

 

Yes I agree.  Lets keep fingers crossed with the LTR.

 

In regards to change in policies with visas, one need look no further than the Type-OA.  When I obtained my Type-OA, there was no requirement for proving Health Insurance.  But by the time my close to 2 years (on that one year visa) was up, health insurance requirements (with insurance from the Thai branch of a health insurance company) were put in place.  

 

A number of us then left Thailand (either sooner or later) without a re-entry permit to invalidate our Type-OA visas and re-entered Visa Exempt, and then applied for and obtained Type-O visas which did not have a Health Insurance requirement. 

 

Many nay sayers claimed (and still claim) that there will come a day when Type-O visa holders will have to get health insurance (similar to Type-OA) but that has not happened yet - but it could happen.  And it might not.

 

Still, I like the LTR visa approach to Health Insurance, where one can either self insure (by proving $100k US$ equivalent in any savings account around the world), or show commercial health insurance up to a Thai specified coverage, where BoI do NOT require this (for LTR visa) to be from the Thai branch of a health insurance company.  Instead if one can show (to BoI satisfaction) that the foreign health insurance meets their specified health insurance requirements, then that will suffice (where I have read some users have done that by a letter which specifically states the BoI health insurance required coverage).

 

My speculation is as the years roll by, the health insurance requirements, and the requirement in how such coverage is shown, could continue to evolve - possibly for both the Type-OA and the LTR Visa, and maybe other visas as well.

 

As you note, governments and policies change.

 

 

 

[DrJack54]

9 minutes ago, oldcpu said:

My speculation is as the years roll by, the health insurance requirements, and the requirement in how such coverage is shown, could continue to evolve - possibly for both the Type-OA and the LTR Visa, and maybe other visas as well.

Good summary. Think important option is to include "self insure" option as many elderly expats have exclusions that makes insurance almost impossible.

Requiring eg $100k USD (equivalent) in a bank account is stone age.

Some folk have sizable superannuation funds (shares)

[TerraplaneGuy]

35 minutes ago, DrJack54 said:

Good summary. Think important option is to include "self insure" option as many elderly expats have exclusions that makes insurance almost impossible.

Requiring eg $100k USD (equivalent) in a bank account is stone age.

Some folk have sizable superannuation funds (shares)

Is the requirement really to have $100k CASH in a bank account?   Are T-bills, other bonds etc. not allowed?