|
Post by itsmylife08 on Oct 23, 2021 18:49:29 GMT 7
So how much would the 3m Bht insurance cost, is it a one-off subscription or is it paid yearly surely not?
Cheers Itsa
|
|
|
Post by bear on Oct 23, 2021 20:44:16 GMT 7
So how much would the 3m Bht insurance cost, is it a one-off subscription or is it paid yearly surely not? Cheers Itsa It's yearly Itsa. The policy I'm considering is just under $ 160 p/m. Now while many may think that's expensive; well life's expensive in my experience. There's no point harping on about public health being free in Australia; we're not in Australia. Here's what a quick search brought up if you're living in Oz and thinking topping up Medibank may be required. Let's face it, the entire global health insurance industry is just one more great big rort. Health care should be free for everyone on the planet when and wherever they need it imho. Sadly I don't see utopia arriving anytime soon!! Since our rich country won't support all of their expats equally via Social Security Agreements with all countries our elderly choose to go to enjoy their golden years in; either our adopted country is lumbered with the costs when things go crook, either we self fund, set up go fund me's and hope for the best or get coerced into genuine insurance. By that I mean there are policies out there for $300 that satisfy immigration requirements, but they're not worth the paper they're written on. I guess Thailand is just over picking up the tab. Cheers bear P.S. As an aside; Malaysia's welcoming arms aren't looking so welcoming any more either. Search term:- Malaysia clamps down on expat mm2h retirees aseannow.com/topic/1228007-%E2%80%98it%E2%80%99s-our-only-home%E2%80%99-malaysia%E2%80%99s-changes-to-mm2h-visa-scheme-throw-expats%E2%80%99-plans-into-chaos/
|
|
|
Post by itsmylife08 on Oct 23, 2021 21:13:51 GMT 7
Wow that's expensive I think, maybe I'm in for a rude awakening upon my return getting scarier by the moment...
Cheers Itsa
|
|
|
Post by bear on Oct 24, 2021 7:52:01 GMT 7
Wow that's expensive I think, maybe I'm in for a rude awakening upon my return getting scarier by the moment... Cheers Itsa Oh BTW Itsa, that attachment for Medibank Private was for singles insurance. The family stuff is double that and you're still not fully covered as can be seen from the required co-payment percentages . Both illustrations are the two bottom tiers. I don't know why anyone in Australia would self insure. Maybe it's a "Don't you know who I am thing." Sure, with my choice of cover I'll have a deductible of Aud$12,000, but then the insurance hopefully picks up the rest of any tab that may come my way. Though feeling well, the older I'm getting I'm seeing much more logic in being as prepared as is financially responsible. I still have things which need clarification but currently I've been told the policy has cancer cover. Two younger brothers 'n' all. Cheers bear
|
|
|
Post by itsmylife08 on Oct 24, 2021 9:58:23 GMT 7
My problem here in the Philippines is because I've already got existing conditions, they won't insure me nice people eh!!! my wife tried a number of years ago, but the answer was mmm no sorry no can do. On a different note, I was sitting at the computer last night, and my 5yr old daughter came over and sat with me, being the inquisitive type she said oh look, daddy, there is a bear an angry one and he's stamping his feet too, why is that daddy? I said it's ok my little girl he's not angry he's a good bear and so on priceless I tell ya. Our old mate nomadic didn't escape either oh look It's a kangaroo and he's got gloves on long story mate... That was my Saturday night loved it mate , just thought I'd share it seeing as you were part of the conversation, btw I think you have a new fan lol Have a great day, take care be safe always... Cheers Itsa
|
|
|
Post by bear on Oct 24, 2021 10:21:12 GMT 7
My problem here in the Philippines is because I've already got existing conditions, they won't insure me nice people eh!!! my wife tried a number of years ago, but the answer was mmm no sorry no can do. On a different note, I was sitting at the computer last night, and my 5yr old daughter came over and sat with me, being the inquisitive type she said oh look, daddy, there is a bear an angry one and he's stamping his feet too, why is that daddy? I said it's ok my little girl he's not angry he's a good bear and so on priceless I tell ya. Our old mate nomadic didn't escape either oh look It's a kangaroo and he's got gloves on long story mate... That was my Saturday night loved it mate , just thought I'd share it seeing as you were part of the conversation, btw I think you have a new fan lol Have a great day, take care be safe always... Cheers Itsa I'm glad I beat you by changing my avatar before you made this post Itsa. Your daughter was quite correct by the way, very very intuitive; as it was an angry bear stamping his feet and rampaging about the place, at the time of choosing it. This morning I woke up, looked at it and thought; nah, I'm not that angry bear any more. Deleting posts, sending members on holiday or getting rid of them permanently is now like water off a duck's back. So out with the old, in with the new; kinda like this thread. Cheers bear
|
|
|
Post by bear on Oct 24, 2021 10:30:04 GMT 7
A member's morning musing from ASEAN NOW.
Not in Australia re the OA, the 40/400k is now redundant, replaced by 3 million bht cover inclusive of Covid
Sure enough...the Thai Embassy in Canberra AU clearing states the new requirements which probably went into effect 1 Oct 2021 for new OA Retirement visas. And I think I read somewhere for OA Retirement "Extensions" it will go in effect 1 Sep 2022. Fortunately, none of the other Visa categories like Non O Marriage, Non B for Business, ED for Education, etc. show the Bt3M requirement.canberra.thaiembassy.org/visa-categories/Below is a partial quote from the Thailand Embassy in Canberra, Australia. It talks the Bt3M insurance requirement. And it also talks what is required to use a foreign insurance policy...or use a Bt3M bank deposit in lieu of insurance... or use a combo method of deposit plus insurance policy....but to use the deposit method a person would first need to provide a letter of refusal to insure from a foreign or Thai insurance company. The way I read below to use a foreign insurance policy it's still going to be harder than heck in most cases to meet the policy documentation requirements and associated signatures. While a person with a regular commercial policy might be able to meet the doc/signature requirements in the case of a person with a home country government coverage/policy like say the U.S. retired military Tricare medical coverage that for all practical purposes has no upper limits and provides worldwide coverage, the approval of such a foreign govt policy would probably be a no-go since there is no policy issued per se, there is no policy cover page/sheet defining limits, etc....instead, it's just govt medical coverage pretty much with no limits....a person just signs up for it...and about the most they get is an unfancy letter they can download saying the are enrolled or maybe get an enrollment card. I expect most countries which have universal health care type coverage which may provide worldwide coverage would be in the same boat regarding documentation. If the words below appear in the eventual police order that comes out governing OA Retirement "extensions of stay" then once again use of a foreign policy will be extremely hard to impossible to use--and you can bet the Thai insurance companies were instrumental in making it so. Partial Quote for Thailand Embassy in Canberra Australia canberra.thaiembassy.org/non-immigrant-visa-category-o-a-for-retirement-long-stay-valid-for-1-year/3.5 Health Insurance a certificate of health insurance policy issued by Thai insurance companies which covers all kind of medical treatment ( both in-house patient and out-patient) and includes COVID-19 related treatment, with the minimum coverage of 3,000,000 THB, during the entire period of stay in Thailand. More information for the health insurance can be found on longstay.tgia.org/ The applicant who prefer to use health insurance policy issued by foreign insurance companies for the visa application must furnish a completed “Insurance Certificate”, as well as a copy of certificate of health insurance policy that which covers all kind of medical treatment ( both in-house patient and out-patient) and includes COVID-19 related treatment, with the minimum coverage of 3,000,000 THB during the entire period of stay in Thailand. The Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, must be completed, signed and stamped by the insurance company. The Insurance Certificate form is available at longstay.tgia.org/document/foreign_insurance_certificate.pdf Foreign Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, which must be completed, signed and stamped by the insurance company. The form can be downloaded from longstay.tgia.org/document/foreign_insurance_certificate.pdfIf the applicant is refused to purchase the health insurance by the insurance company, the applicant can submit additional documents as follows: (1) Letter of refusal to purchase health insurance from a Thai or foreign insurance company. (2) A copy of an up-to-date bank statement with a minimum balance of THB 3,000,000 or AUD 125,000 maintained in the bank account for 2 months prior to the application. (3) The combined of the other health insurance for the coverage of no less than THB 3,000,000. End Partial Quote
|
|
|
Post by bear on Oct 24, 2021 11:21:07 GMT 7
For anyone who can't get their head around this new insurance requirement, or understand what's driving it; this may make it crystal clear. I often wonder what they're on when they dream up this stuff. I suppose those of us who'll be impacted should just be thankful we're being given options and try to find out which level of wei will be expected to show our contrition while putting on our best yim dor dhaan face. Cheers bear www.thethailandlife.com/whats-behind-a-thai-smileGovt to entice rich expats Package to help lift post-Covid economy
The cabinet has greenlighted an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the economy post-Covid-19. Benefits in the package include a 10-year Thai visa for not only approved special visitors but also their spouses and children, said government spokesman Thanakorn Wangboonkongchana, on Tuesday. The package also includes automatic work permits, the same rates of income tax as Thai citizens, tax exemption for income earned abroad, and ownership of properties and land, he said. Mr Thanakorn said that the right to choose to pay a fixed rate of income tax at 17% within the package is being offered but only to foreign experts contributing to the development of the government's flagship Eastern Economic Corridor (EEC) scheme. The government expects to attract more than a million qualified people to Thailand in the next five years, beginning next year, he said. "The government also expects these foreigners to spend on average a million baht per person per year while staying and working in Thailand, or about a trillion baht in the next five years in total," Mr Thanakorn said. About 800 billion baht is also expected from the money invested by about 90,000 foreigners as required in the application forms for these long-term visas, he said. Another 270 billion baht is also expected to be derived from taxes paid by these foreigners: 180 billion baht from income tax, 70 billion baht from value-added tax and 22 billion baht from taxes related to their investments, he said. The government has four targeted groups for this long-term visa scheme with the first group being wealthy global citizens who travel frequently and have assets in several countries, he said. To obtain a long-term Thai visa, this group would be required to invest at least US$500,000 (16.5 million baht) in Thai government bonds in the form of foreign direct investment (FDI) or in real estate, he said. The minimum income required for this group is US$80,000 per year for the past two years, while the required minimum value of assets owned is US$1 million and the minimum health insurance coverage required is US$100,000, he said. The second target group are wealthy pensioners who are at least 50 years of age with sufficient pensions to cover their costs of living in Thailand, he said. The people in this group are required to invest at least US$250,000 in Thai government bonds in the FDI format or in real estate, he said, adding that the minimum income required for the group is US$40,000 per person per year. The minimum health insurance package required for this group is also US$100,000 coverage per person, he said. The third group are the so-called work-from-Thailand professionals who are interested in living in Thailand while working remotely for their employers in other countries, he said. The people in this third group are expected to be digital nomads and employees of large organisations who are close to retirement, he said. The fourth and last group of foreigners expected to be interested in this long-term visa programme are highly skilled professionals who may want to come to Thailand to either work as experts in the government's target industries, Mr Thanakorn said. Highly skilled professionals who would work as university lecturers teaching subjects related to industries of importance are also within this group, he said. They are required to have at least five years of work experience, earn at least US$40,000 per year and hold a health insurance policy with a coverage value of US$100,000, he said. The Board of Investment of Thailand has been assigned to set up a new centre to specifically serve this long-term visa programme, Mr Thanakorn added. www.bangkokpost.com/thailand/general/2181775/govt-to-entice-rich-expats
|
|
|
Post by JJJ88 on Oct 24, 2021 11:40:31 GMT 7
My problem here in the Philippines is because I've already got existing conditions, they won't insure me nice people eh!!! my wife tried a number of years ago, but the answer was mmm no sorry no can do. On a different note, I was sitting at the computer last night, and my 5yr old daughter came over and sat with me, being the inquisitive type she said oh look, daddy, there is a bear an angry one and he's stamping his feet too, why is that daddy? I said it's ok my little girl he's not angry he's a good bear and so on priceless I tell ya. Our old mate nomadic didn't escape either oh look It's a kangaroo and he's got gloves on long story mate... That was my Saturday night loved it mate , just thought I'd share it seeing as you were part of the conversation, btw I think you have a new fan lol Have a great day, take care be safe always... Cheers Itsa Hi Itsa, Philhealth the national health insurance program (Universal Healthcare) will not knock you back if you haven't already got it, everyone here including foreign nationals (as voluntary members) are encouraged to have it. It's super affordable and serves the purpose. The low monthly premium not only covers yourself but all dependents. Cheers J
|
|
|
Post by nomadic on Oct 24, 2021 20:58:59 GMT 7
My problem here in the Philippines is because I've already got existing conditions, they won't insure me nice people eh!!! my wife tried a number of years ago, but the answer was mmm no sorry no can do. On a different note, I was sitting at the computer last night, and my 5yr old daughter came over and sat with me, being the inquisitive type she said oh look, daddy, there is a bear an angry one and he's stamping his feet too, why is that daddy? I said it's ok my little girl he's not angry he's a good bear and so on priceless I tell ya. Our old mate nomadic didn't escape either oh look It's a kangaroo and he's got gloves on long story mate... That was my Saturday night loved it mate , just thought I'd share it seeing as you were part of the conversation, btw I think you have a new fan lol Have a great day, take care be safe always... Cheers Itsa I'm glad I beat you by changing my avatar before you made this post Itsa. Your daughter was quite correct by the way, very very intuitive; as it was an angry bear stamping his feet and rampaging about the place, at the time of choosing it. This morning I woke up, looked at it and thought; nah, I'm not that angry bear any more. Deleting posts, sending members on holiday or getting rid of them permanently is now like water off a duck's back. So out with the old, in with the new; kinda like this thread. Cheers bear Amazing as i thought I was going crazy when I saw the mouse. Or is it a rat? Surely it's not a bear. And while here. How much will it cost me to keep immigration happy if it comes to insurance? IE Cheapest? Or maybe the agent will sort it like the 800K.
|
|
|
Post by itsmylife08 on Oct 24, 2021 21:48:38 GMT 7
Amazing as I thought I was going crazy when I saw the mouse. Or is it a rat? Surely it's not a bear. And while here. How much will it cost me to keep immigration happy if it comes to insurance? IE Cheapest? Or maybe the agent will sort it like the 800K. Awww cmon nomadic it does look like a bear and a very happy one too, even if it's yogi after a reefer or two. Mind you my daughter thought it was a mouse or something like that, but it's ok mate I told her it was our friend bear the big yin she comes over saying where's the bear dad!!! Cheers Itsa
|
|
|
Post by bear on Oct 24, 2021 21:55:21 GMT 7
I'm glad I beat you by changing my avatar before you made this post Itsa. Your daughter was quite correct by the way, very very intuitive; as it was an angry bear stamping his feet and rampaging about the place, at the time of choosing it. This morning I woke up, looked at it and thought; nah, I'm not that angry bear any more. Deleting posts, sending members on holiday or getting rid of them permanently is now like water off a duck's back. So out with the old, in with the new; kinda like this thread. Cheers bear Amazing as i thought I was going crazy when I saw the mouse. Or is it a rat? Surely it's not a bear. And while here. How much will it cost me to keep immigration happy if it comes to insurance? IE Cheapest? Or maybe the agent will sort it like the 800K. Well my agents been sorting money and insurance the last two years, but below is a message I received from Thai Visa Centre mid September so they obviously knew something was going on. Personally post Covid I think will be a whole new ballgame. It's sure shaping up that way!! ⚠️ VERY IMPORTANT ⚠️ Season will change in 18 days, this applies to all of our clients in Thailand. FOR RETIREMENT VISA HOLDERS If your visa expires before 2022 please contact our team ASAP. We cannot guarantee price / process after September 30th. You can apply early without losing any days. FOR ALL OTHER VISA SERVICES Apply now if your intention is to obtain a long term visa. We cannot guarantee price / process after the end of September 30th. If you have any questions please reply here. There's a Thai company, LMG, that has a Bht 7,700 policy purely to satisfy the current Bht 400,000/Bht 40,000 requirements with a mandatory Bht 200,000 deductible with a list of every exclusion known to man, so totally useless as real health insurance. However a current client has been in touch and they've said they're writing a new policy for the new requirement, but as of yet there's no price available. At a guess they could ask Bht 20-30,000, be just as unsuitable for health insurance and still make a killing because they tick all of immigration's boxes by uploading the policy to the immigration data base. Of course Immigration still want copies of the policy and card but it's on their screen already when they input your extension data. So in answer to your question; you'd probably find the cheapest insurance from LMG if you do require it. I've finally found an insurance broker I can communicate with after two years of trying, with no pressure being put on me and their preferred company is Pacific Cross, which is acceptable to immigration, with quite a good reputation. Over 65's do have to undergo a medical check up at their own expense, though up to Bht 7,500.will be deducted from your first premium. A general answer as to cheapest, is in this info posted earlier in the thread:- "If all long stayers, including those on a non O will require the 3 million in health insurance, it works out to just under Bht 1000 per week with Bht 300,000 deductible at 65-70 y.o. range and reasonable future discounts for no claim." If you think it's expensive look at it this way; you pay an agent around half that to give you something that you can do yourself for Bht 1,900 if you meet money in bank and insurance requirements. So for an extra Bht 25,000 on top of what you were prepared to give to an agent, you've got the required insurance from a reputable company. Cheers bear P.S. (Monday Morning) We'll have to wait for the dust to settle, but don't be at all surprised if the $50,000 covid insurance to enter never goes away. So that'll grab non O ME visa holders too. An agent won't be able to help, when you're standing on the other side of the border looking in. The number of companies offering it is staggering, you buy in monthly blocks up to one year. It's essentially compulsory travel insurance that doesn't cover travel issues i.e. loss of documents, luggage et al; but it does give health and repatriation coverage. They won't give that up in a hurry!! As posted earlier; Bht 3500/1month, Bht 31,500/one year. So perhaps airlines will need to provide coverage like Emirates is doing to cover you enroute. .
|
|
|
Post by Banjo on Oct 25, 2021 6:48:42 GMT 7
Thailand's been frightening expat residents for nearly as long as I've been here. For the first few years I never had a visa, they offer 30 days visa free on entry and in those days it could be renewed indefinitely just by leaving the country. For me it was a 40 minute drive to the Burmese border, involving a day out and stocking up on duty free grog and exotic food stuffs like pistachios and hot freshly cooked chestnuts.
This was stopped by restricting the number of consecutive visa exemptions so we all complained, threatened to leave the country and went out and got proper visas.
I'm pretty sure that this will come to the same conclusion, especially for long term residents with ties to the country.
|
|
|
Post by nomadic on Oct 25, 2021 20:27:33 GMT 7
Thailand's been frightening expat residents for nearly as long as I've been here. For the first few years I never had a visa, they offer 30 days visa free on entry and in those days it could be renewed indefinitely just by leaving the country. For me it was a 40 minute drive to the Burmese border, involving a day out and stocking up on duty free grog and exotic food stuffs like pistachios and hot freshly cooked chestnuts. This was stopped by restricting the number of consecutive visa exemptions so we all complained, threatened to leave the country and went out and got proper visas. I'm pretty sure that this will come to the same conclusion, especially for long term residents with ties to the country. Yes if you are genuinely happy here you will do what they say if at all possible. Gives us the irrits at times but no where is perfect and it's closer to that for me than anywhere else I know of, for now anyhow. But what I have saved by not using the CBA bank thieves any more to transfer folding stuff, will cover it all perhaps anyhow.
|
|
|
Post by nomadic on Oct 25, 2021 20:54:34 GMT 7
P.S. Can someone tell me how to go about eating pistachios? Always in a rock hard shell and lots of work for little reward. After a number of tries from 7/11 they are bow banned. I know the Yanks love them.
|
|