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andy72

elite visa versus health insurance

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with the announcement of new health insurance requirements

ie over 50 non o-a visa

 

for many the cost of insurance will be too costly

plus will some even get insurance with pre existing conditions

 

what is it $15k for 5 years 

might be a valid option for some 

READ HERE 5 YEAR VISA
 

Edited by andy72
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Give it some time. They might well add the very same health insurance requirement for 1-year elite visa stays in the future.

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Yep, an Elite visa is what a smart cookie who's on a retirement visa suggested as being similar costs to a retirement visa. Old folks better switch to an Elite visa these days to be on the safe side since they are apparently similar in cost.

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Yep, the total cost is about the same.  Now if one has decent insurance in their home country and barring major issues could fly home for treatment, going the Elite route can be competitive, especially since that tgia website to buy the insurance I think is going to require the yearly premium paid up front at once and not via monthly payments.

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13 minutes ago, JohnnyBKK said:

Everybody on elite is smart enough and rich enough to already have insurance...

Then no problem whatsoever making it obligatory.

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A off topic inflammatory post has been removed.

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Although the Elite Visa for 5 years, or even 20 years may be the right venue for some, it is stupid to compare this to Health Insurance. Health Insurance covers  medical costs and even if one enjoys the benefits of an Elite Visa, such costs may still be incurred.

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I have the 5 year one currently, the cost was 100,000b per year. because I’m not full time my annual travel insurance covers me. Once I go full time living here I don’t know that a deciding factor on another elite visa will be health insurance. More likely not doing the annual renewal dance etc is more to mind, and the exchange rate when it falls due.

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Assuming that "one day" health insurance will be required for all non-immigrant visas and extensions, who says it will not be necessary for Elite too?

 

I am not sure why some think the cost is almost the same. Retirement visa is only 1900 THB yearly if I understand it correctly. The bank "frozen money" is your money, you leave it is your money. Elite is money spent and gone forever.

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Up to 65 years of age,the price for the health insurance is affordable and no check up at a hospital/clinic when applying is needed, but from 66 years of age a check up is mandatory and the prices goes up. 

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5 hours ago, JohnnyBKK said:

Everybody on elite is smart enough and rich enough to already have insurance...

I wouldn't call it "smart" to pay 100000 baht/year for a Visa. 

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1 minute ago, Max69xl said:

I wouldn't call it "smart" to pay 100000 baht/year for a Visa. 

It's all relative. Some people take a cab to where they can get by bus. Some spend 500b on meals when they can fill up street food at a fifth of the cost.

 

There's lots of people for whom 100,000b/year to kiss IO hassles goodbye is peanuts for a good cause.

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8 hours ago, abrahamzvi said:

Although the Elite Visa for 5 years, or even 20 years may be the right venue for some, it is stupid to compare this to Health Insurance. Health Insurance covers  medical costs and even if one enjoys the benefits of an Elite Visa, such costs may still be incurred.

But the point is many Elite holders would already have insurance from their home countries or good international policies, or would be quite content to self insure and then fly home for any long term care or some special care or treatment they would prefer not to do in Thailand.  That is certainly the category I would be in.  I have and will have full and complete health insurance in the USA.  While in Thailand for months or maybe a year, I have no desire and no personal need to purchase anything insurance wise in Thailand. 

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