Non Imm O-A Recent Experience Please

[gk10012001]

I am a USA citizen in the USA.  I am looking at getting the Non Imm OA prior to going to Thailand.  I am 68.  I like the OA because I can do it from my country and keep all my monies in the USA initially.  I will worry about extensions later.  Anbody have some recent experience getting one of those visas?  

 

1:  What kind of Health Insurance did you get that satisfied the Visa requirements?

2:  What did you get for the background/investigation report?  In the past I did get a local police report for another reason, but this VISA seems to specify FBI or National agency?  Does the FBI even do such a thing for you?  I find it funny in a way because I have an active DOD Security clearance, but there is no way I can communicate that t Thai authorities that would satisfy the VISA statements they want.

3:  Did you have timeline or expiration issues, such as the FBI report has to be withing two months of travel, or things like that?

4:  I plan to list my Brokerage account as the financial satisfaction thing but could also use any of my IRAs.  My accounts are all with Etrade and their statements including an income estimator are easily downloaded but The VISa seems to want some sort of letter from the bank.  Has anybody gotten their financial institution to produce such a letter for either balance or income?

5:  Any other unwritten things that you encountered that would make the process smoother?

 

Anything else that you think might be useful please feel free to jot it down.  Drinks on me when I get back to the LOS after a five year gap since 2019

[DrJack54]

1 hour ago, gk10012001 said:

What kind of Health Insurance did you get that satisfied the Visa requirements?

Discussed in this thread. 

https://aseannow.com/topic/1351278-minimum-insurance-coverage-non-oa-extension/#findComment-19575187 

 

You state.... "  I plan to list my Brokerage account as the financial satisfaction thing but could also use any of my IRAs. My accounts are all with Etrade and their statements including an income estimator are easily downloaded but The VISa seems to want some sort of letter from the bank"

 

Think you will find you need required funds in a bank account. Does not need to be Thai account. 

 BTW do you have a Thai bank account. 

What's the ongoing plan here. 

Are you planning on moving to Thailand? 

Ultimately you would need to do extensions. 

You could easily obtain a Non O. 

If the 800k is a deal breaker consider an agent. 

 

[Martyp]

I used to have an OA and extensions but I have no recent experience. My OA was in 2017. I currently have a 10 yr pensioner LTR. The LTR doesn't require money in the bank. Anyways, I am just suggesting it as an option to consider. Google BOI LTR to go to the Thailand Board of Investment website to look at the full requirements. Good luck.

[gk10012001]

12 hours ago, DrJack54 said:

Discussed in this thread. 

https://aseannow.com/topic/1351278-minimum-insurance-coverage-non-oa-extension/#findComment-19575187 

 

You state.... "  I plan to list my Brokerage account as the financial satisfaction thing but could also use any of my IRAs. My accounts are all with Etrade and their statements including an income estimator are easily downloaded but The VISa seems to want some sort of letter from the bank"

 

Think you will find you need required funds in a bank account. Does not need to be Thai account. 

 BTW do you have a Thai bank account. 

What's the ongoing plan here. 

Are you planning on moving to Thailand? 

You could easily obtain a Non O. 

If the 800k is a deal breaker consider an agent. 

 

the plan is in the planning stages.  It ranges from a 90 day vacation initially in which case I don't need anything. Then I will just continue my fight with Medicare and the SSA but will be making my contractor money so will just deal with the frustration.

 

Then might be a one year stay in Thailand just to wait out the housing market in the area in Florida I am planning to buy and to give my gross income time to be captured properly by medicare and the SSA so that my current 670 a month premium becomes 200.  Long story on that but the system to reduce my IRMAA isn't working so in case my contract jobs get too slim I have no problem semi retiring for a while.  And the money I save on my Medicare literally can pay my rent in Thailand.  I don't have a firm permanent home in the USA because I have been working on the road for decades.

 

The 800k isn't a deal breaker for the Non O.  But the reason I am considering the OA is because I want to get some health insurance as I would be stopping Medicare so for the initial year in Thailand getting the OA prior to traveling seems like it would kill all my ducks.  It would clear me for a year, I would be health insured, I would not be paying medicare, and thanks to Mr PIB I would not incur any 10 per cent medicare penalty as that is based on 10 percent every 12 months and I can plan around that.  I love thailand been there 15 times since 2004.

 

I just never know how much my motivation to work will continue so I am considering this longer one year -or actually 15 month break.  Doubt I would long long stay in Thailand but you never know.  It always was one of my initial thoughts after my first few visits.    

[gk10012001]

12 hours ago, DrJack54 said:

Discussed in this thread. 

https://aseannow.com/topic/1351278-minimum-insurance-coverage-non-oa-extension/#findComment-19575187 

 

You state.... "  I plan to list my Brokerage account as the financial satisfaction thing but could also use any of my IRAs. My accounts are all with Etrade and their statements including an income estimator are easily downloaded but The VISa seems to want some sort of letter from the bank"

 

Think you will find you need required funds in a bank account. Does not need to be Thai account. 

 BTW do you have a Thai bank account. 

What's the ongoing plan here. 

Are you planning on moving to Thailand? 

Ultimately you would need to do extensions. 

You could easily obtain a Non O. 

If the 800k is a deal breaker consider an agent. 

 

hmm.  bank account versus brokerage account.  I certainly could move money over to my checking account, but obviously no checking account is going to show 2000 usd monthly income unless one has an awful lot of cash in there!  So I appreciate your comment on that but I think a brokerage account that has 700,000 USD in it and generates an average of 5 % or 35,000 a year really would be what they would accept versus just a lump sum but I will look into it.

 

I did find a website about the FBI report.. I think.  I attach that here for reference.

 

https://www.fbi.gov/how-we-can-help-you/more-fbi-services-and-information/identity-history-summary-checks

[gk10012001]

11 hours ago, Martyp said:

I used to have an OA and extensions but I have no recent experience. My OA was in 2017. I currently have a 10 yr pensioner LTR. The LTR doesn't require money in the bank. Anyways, I am just suggesting it as an option to consider. Google BOI LTR to go to the Thailand Board of Investment website to look at the full requirements. Good luck.

The BOI LTR is a possibility but I do not plan on putting any significant amount of cash into Thailand at the moment.  The wealthy pensioner is easily qualified if they accept income from investments.  My investments earn about 60k a year.  My social security is about 50k a year. SSA they may consider a pension.  I have no idea if my brokerage accounts income would be considered under the wealthy pensioner

[Rob Browder]

13 minutes ago, gk10012001 said:

hmm.  bank account versus brokerage account.  I certainly could move money over to my checking account, but obviously no checking account is going to show 2000 usd monthly income unless one has an awful lot of cash in there!  So I appreciate your comment on that but I think a brokerage account that has 700,000 USD in it and generates an average of 5 % or 35,000 a year really would be what they would accept versus just a lump sum but I will look into it.

Ok - so you want to show "income" to qualify for the financials, vs "money in the bank."  In that case, showing a history of income from your SS and Brokerage should be more than enough. 

  

8 minutes ago, gk10012001 said:

My social security is about 50k a year

 

(Edit - Sorry, I didn't switch to $$ - is enough just the SS money)

[DrJack54]

8 minutes ago, gk10012001 said:

So I appreciate your comment on that but I think a brokerage account that has 700,000 USD in it and generates an average of 5 % or 35,000 a year really would be what they would accept versus just a lump sum but I will look into it

Has nothing much to do with anything.

In fact my joint AU we have superannuation funds as our "retirement". 

Frankly better returns and total investment amount that you outlined.

News flash: useless to satisfy Non O financial requirements. 

The folk that have zero interest in meeting the financial requirements due to opportunity cost (valid stance) 

Have the option of using an agent to obtain a Non O from visa exempt entry+ subsequent 12 month extension.