Getting Thai health insurance for 68 year old American

[newbee2022]

23 minutes ago, JBChiangRai said:

Proof they are registered in the UK and regulated on the island of Nevis and not in Thailand be enough for you?

Yes, that's enough BS. 

But right, registered in UK😨😨😨? Not safe 🥳

[newbee2022]

2 minutes ago, brewsterbudgen said:

Agreed.  Lots of skepticism about them, but I've used them for 3 years and found them easy to deal with.  Google reviews of any Insurance Company and you'll find horror stories.  The good service stories are rarely posted.

Thanks. Agreed. But many like to pay more (for agents, offices, profits)

[JBChiangRai]

2 minutes ago, newbee2022 said:

Yes, that's enough BS. 

But right, registered in UK😨😨😨? Not safe 🥳

Not regulated in Thailand = Not safe

[jerrymahoney]

Financial Services Regulatory Commission, Nevis.

FAQ Why do companies form captives?

8. Direct access to the reinsurance market

https://www.nevisfsrc.com/faqs/#1546804331333-27470d7f-880a

[JBChiangRai]

10 minutes ago, jerrymahoney said:

Financial Services Regulatory Commission, Nevis.

FAQ Why do companies form captives?

8. Direct access to the reinsurance market

https://www.nevisfsrc.com/faqs/#1546804331333-27470d7f-880a

AI Has this to say about Nevis, with conclusion “individuals should exercise caution when dealing with insurance companies registered there”.

Here’s the full text…

 

Registering insurance in Nevis can be perceived as risky due to the island's reputation as an offshore haven and the potential for anonymity it offers, which can be exploited by fraudulent actors. While Nevis has regulations for financial services, including insurance, the secrecy surrounding company ownership and the potential for weak enforcement can make it attractive for scams. 

 

Here's why it's viewed with suspicion:

• Secrecy and Anonymity:

  Nevis is known for its strong privacy laws, making it difficult to trace beneficial owners of companies. This lack of transparency can be exploited by scammers who want to hide their identities and avoid accountability. 

   
• Potential for Weak Enforcement:

  While Nevis has regulatory bodies like the Financial Services Regulatory Commission, the effectiveness of enforcement can be questioned, particularly in cases where fraud occurs. 

   
• Risk of Fraudulent Schemes:

  The island's offshore status can attract fraudulent schemes, such as pyramid schemes, unauthorized Forex trading, and other investment scams. 

   
• Difficulty in Verification:

  Due to the secrecy, verifying the legitimacy of an insurance company registered in Nevis can be challenging. This makes it harder for individuals to assess the risk associated with such companies. 

   
• Past Incidents:

  The Guardian reported that information on numerous Nevisian companies was leaked in the past, highlighting the lack of transparency. While the leaks didn't expose ownership details, they raised concerns about the island's reputation as a haven for secrecy. 

   

In conclusion, while Nevis has regulations for insurance, the island's reputation for secrecy and the potential for weak enforcement can make it a target for fraudulent activities, and individuals should exercise caution when dealing with insurance companies registered there. 

[jerrymahoney]

Thanks AI.

Here's my AI answer -- long but this:

Nevis-registered insurers can offer several advantages, including a favorable regulatory environment, potential tax benefits, and access to a specialized insurance market. Nevis offers a robust yet flexible regulatory framework, making it an attractive domicile for captive insurance companies and reinsurers. This can translate to lower operating costs and increased efficiency in managing insurance operations

[Etaoin Shrdlu]

Deleted

[Etaoin Shrdlu]

12 minutes ago, jerrymahoney said:

Thanks AI.

Here's my AI answer -- long but this:

Nevis-registered insurers can offer several advantages, including a favorable regulatory environment, potential tax benefits, and access to a specialized insurance market. Nevis offers a robust yet flexible regulatory framework, making it an attractive domicile for captive insurance companies and reinsurers. This can translate to lower operating costs and increased efficiency in managing insurance operations
 

 

Yes, favorable to the insurer, not necessarily the policyholder. 

 

That's why some companies incorporate there or choose to be regulated there.

[scubascuba3]

2 hours ago, KannikaP said:

So what's the difference in cover between your 18 month policy and an Annual Travel Insurance policy please? 

And what did it cost

Annual travel insurance usually covers holidays for 30 to 60 days, the insurance i used to buy was travel insurance for 6+ month holidays, often called backpacker insurance

[newbee2022]

21 minutes ago, jerrymahoney said:

Thanks AI.

Here's my AI answer -- long but this:

Nevis-registered insurers can offer several advantages, including a favorable regulatory environment, potential tax benefits, and access to a specialized insurance market. Nevis offers a robust yet flexible regulatory framework, making it an attractive domicile for captive insurance companies and reinsurers. This can translate to lower operating costs and increased efficiency in managing insurance operations
 

Sounds only positive

[jerrymahoney]

8 minutes ago, Etaoin Shrdlu said:

 

Yes, favorable to the insurer, not necessarily the policyholder. 

 

That's why some companies incorporate there or choose to be regulated there.

'Some' noted. Lower premiums are favorable to the policy holder on balance.

[jerrymahoney]

1 minute ago, newbee2022 said:

Sounds only positive

It is just a matter how you phrase the AI query.

[KannikaP]

9 minutes ago, scubascuba3 said:

Annual travel insurance usually covers holidays for 30 to 60 days, the insurance i used to buy was travel insurance for 6+ month holidays, often called backpacker insurance

Did you ever claim on it. That insurance is very basic with many restrictions. But cheap.

[NoDisplayName]

My wife has Aetna insurance (formerly BUPA) in addition to her standard Thai social insurance.

 

This is in-patient only coverage for 1400 baht per month.

 

 

On the another hand, I have a western policy with repatriation and higher coverage which is in-patient only with a large deductible.  I figure health services are cheap enough to pay for most things out of pocket.

[Etaoin Shrdlu]

For the benefit of those who may wish to direct their stakeholder inquiries to the relevant authorities:

 

https://www.insuranceinasia.com/wrlife-health-insurer-investigated-uk-thai-asean-authorities

[newbee2022]

35 minutes ago, JBChiangRai said:

AI Has this to say about Nevis, with conclusion “individuals should exercise caution when dealing with insurance companies registered there”.

Here’s the full text…

 

Registering insurance in Nevis can be perceived as risky due to the island's reputation as an offshore haven and the potential for anonymity it offers, which can be exploited by fraudulent actors. While Nevis has regulations for financial services, including insurance, the secrecy surrounding company ownership and the potential for weak enforcement can make it attractive for scams. 

 

Here's why it's viewed with suspicion:

• Secrecy and Anonymity:

  Nevis is known for its strong privacy laws, making it difficult to trace beneficial owners of companies. This lack of transparency can be exploited by scammers who want to hide their identities and avoid accountability. 

   
• Potential for Weak Enforcement:

  While Nevis has regulatory bodies like the Financial Services Regulatory Commission, the effectiveness of enforcement can be questioned, particularly in cases where fraud occurs. 

   
• Risk of Fraudulent Schemes:

  The island's offshore status can attract fraudulent schemes, such as pyramid schemes, unauthorized Forex trading, and other investment scams. 

   
• Difficulty in Verification:

  Due to the secrecy, verifying the legitimacy of an insurance company registered in Nevis can be challenging. This makes it harder for individuals to assess the risk associated with such companies. 

   
• Past Incidents:

  The Guardian reported that information on numerous Nevisian companies was leaked in the past, highlighting the lack of transparency. While the leaks didn't expose ownership details, they raised concerns about the island's reputation as a haven for secrecy. 

   

In conclusion, while Nevis has regulations for insurance, the island's reputation for secrecy and the potential for weak enforcement can make it a target for fraudulent activities, and individuals should exercise caution when dealing with insurance companies registered there. 

And ???

[scubascuba3]

7 minutes ago, KannikaP said:

Did you ever claim on it. That insurance is very basic with many restrictions. But cheap.

Actually yes once, diving accident in Egypt, went in decomposition chamber, insurer was excellent, was called from the chamber they said ok

[KannikaP]

2 minutes ago, scubascuba3 said:

Actually yes once, diving accident in Egypt, went in decomposition chamber, insurer was excellent, was called from the chamber they said ok

Did you decompose, or decompress? 555

[scubascuba3]

4 minutes ago, KannikaP said:

Did you decompose, or decompress? 555

Good point, decompression, I'll blame my keyboard 

[Scouse123]

2 hours ago, brewsterbudgen said:

Agreed.  Lots of skepticism about them, but I've used them for 3 years and found them easy to deal with.  Google reviews of any Insurance Company and you'll find horror stories.  The good service stories are rarely posted.

 

Have you had any claims?

[jerrymahoney]

REDUX

 

WrLife Claim filed Take 2 - Insurance in Thailand

 

https://aseannow.com/topic/1286793-wrlife-claim-filed-take-2/
 

[newbee2022]

On 6/27/2025 at 11:54 AM, GmailJen said:

It is essential for anyone approaching 70 to get Medical Insurance as after 70/75 most policies not available.

Nonsense. Who says this? BS is spreading fast obviously 

[newbee2022]

23 hours ago, Jumbo1968 said:

73 years old I was refused health insurance because I was on 20mg statins daily, I have no history of coronary or heart disease, my cholesterol was 6 mmoL/l now less than 4 mmoL/l.

So, ask for a free quotation: WRLIFE 

[Presnock]

17 hours ago, gk10012001 said:

oh yeah/  I will keep US medicare, just looking for about an 18 month break while my IRMAA gets reduced.  It should be reduced now but the SSA administration and their form SS 44 just isn't working as it should.  Two reps on the phone just don't listen or seem to understand how a reduction in the premium should happen when one stops working!  I actually have a physical appointment on July 2 at the Palm Beach SSA office.  Hopefully we will get things right

In the ASEAN news today afternoon 28 June, edition, is an article about expats and long term health insurance in Thailand.