SSO Lump Sum vs. Section 39: Best Financial & Healthcare Decision?

[Globenauta]

Hi everyone,

 

I originally posted this in the "Insurance in Thailand" section, but I didn’t get clear responses. Since this is also a financial planning issue, I hope someone in this section has first- hand experience or insightsabout SSo pensions & health coveragedecisions.

 

My situation:

 

• I recently left my job and now have the option to apply for SSO Section 39 (self-funded) to continue health insurance and social security contributions.
• However, the SSO officer also mentioned that I can withdraw a lump sum, which is the total amount I contributed over my working years.
• I was told conflicting things: some say taking the lump sum cancels Section 39 eligibility, others say it does not.

 

What I need ot decide:

 

1. If I take the lump sum, can I still apply for Section 39 and keep health insurance?
2. Would it be financially smarter to take the lump sum or continue contributions for a pension?
3. Has anyone been through this process? What was your experience?

 

 

• - My priority is keeping the health insurance under SSO
• - Pension consideration: If I reach 15 years of contributions, I might get a small monthly pension. But some say it’s so small that taking the lump sum is always the better option.

If you’ve been in this situation or know someone who has, please share your experience! I really appreciate any advice before I go back to the SSO office.

 

Thanks in advance!