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elite visa versus health insurance

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On 10/10/2019 at 2:37 PM, 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.

 

However the health insurance allowed by Immigration (1) cannot be obtained by many -- arguably most -- retirees due to age and/or pre-existing conditions  (as of now they will not allow  foreign policies to be used)  and (2) in most cases is such a low level of cover that it will not cover significant medical costs. This is the issue; the requirement is very badly designed and creates maximum cost while failing to provide adequate protection.

 

In my cost estimates around both O-A and Elite, on behalf of an 88 year old relative who may need to join me here, for both I include the cost of real health insurance. But for O-A I have to  also include huge cost for a useless overpriced local  insurance as well. TE comes out way cheaper and that is getting it for only 5 years (due to her age). If I were to do it for myself (which I would do only if insurance requirement is later extended to in country extensions under an O visa) then TE comes out even further ahead.

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4 minutes ago, Sheryl said:

In my cost estimates around both O-A and Elite, on behalf of an 88 year old relative who may need to join me here, for both I include the cost of real health insurance. But for O-A I have to  also include huge cost for a useless overpriced local  insurance as well. TE comes out way cheaper and that is getting it for only 5 years (due to her age). If I were to do it for myself (which I would do only if insurance requirement is later extended to in country extensions under an O visa) then TE comes out even further ahead.

Agree it is a significant saving if taking one of the stripped down 20 yr plans where the extra services are not required. Half the price year on year than the cheapest 5 year plan at 50k / year

 

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12 minutes ago, lupin said:

I'm almost positive that would take more than a police order since the PE visas are a subcategory of the tourist visa class.... the regulations already exist for NON O, that's why a police order was all that was needed for the OA announcement since the OA is a subcat or the NON O

 

Actually it took a special Cabinet Resolution , which was done last April.

 As far as I know - haven't been able to find a translation  of the order itself - the Cabinet Resolution refers only to retirement. Barring a revision to the Immigration Law itself it would then need another Cabinet Resolution to make it possible to start requiring it of tourists.

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@Sheryl Interesting side note... do we think a multi tiered pricing structure requiring aliens to pay much higher prices when visiting government hospitals, and introduced at the same time as these insurance requirements, is just a monumental coincidence?

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[mention=14639]Sheryl[/mention] Interesting side note... do we think a multi tiered pricing structure requiring aliens to pay much higher prices when visiting government hospitals, and introduced at the same time as these insurance requirements, is just a monumental coincidence?
Yes. Totally unrelated.

And what you refer to is a MoPH price listing which even at the highest tier is well below what both Thais and foreigners currently pay at government hospitals and have for years. It would actually be a price drop if this were to be applied but it won't be.

Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app

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23 minutes ago, Sheryl said:

Yes. Totally unrelated.

And what you refer to is a MoPH price listing which even at the highest tier is well below what both Thais and foreigners currently pay at government hospitals and have for years. It would actually be a price drop if this were to be applied but it won't be.

Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app
 

I am completely lost here... the multi teired pricing, is for government hospitals yes? , I thought this was already being applied (at least in Phucket it is) where foreigners at certain visa classes/levels will pay more than thais... you're saying this is in fact a price drop from what foreigners usually pay at those same government hosptials?

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3 minutes ago, lupin said:

I am completely lost here... the multi teired pricing, is for government hospitals yes? , I thought this was already being applied (at least in Phucket it is) where foreigners at certain visa classes/levels will pay more than thais... you're saying this is in fact a price drop from what foreigners usually pay at those same government hosptials?

 

4 minutes ago, lupin said:

Yes. Totally unrelated.

And what you refer to is a MoPH price listing which even at the highest tier is well below what both Thais and foreigners currently pay at government hospitals and have for years. It would actually be a price drop if this were to be applied but it won't be.

or is it that the rates being charged were always higher and that this acts as a "cap" on charges with the highest rate still lower than what they previously "could" have charged?

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I am completely lost here... the multi teired pricing, is for government hospitals yes? , I thought this was already being applied (at least in Phucket it is) where foreigners at certain visa classes/levels will pay more than thais... you're saying this is in fact a price drop from what foreigners usually pay at those same government hosptials?

Some government hospitals have had two tier pricing for some time now. Mainly ones in areas with many foreigners as not worth the trouble to srt up otherwise.

 

What this poster was referring to is a recent updating by the MoPH of a listing of supposed maximum prices for different procedures in a government hospital. This update contains for the first time different tiers of pricing according to nationslity.

 

However hospitals pay no attention to the MoPH price lists and never have as the prices are set unrealistically low. The prices for foreigners in that booklet are not only lower than what foreigners pay now but also lower than what Thais are charged now.

 

Hence it is unlikely to have the any effect on anything.

 

These listings go straight in the bin or on the shelf and gather dust and the hospitals carry on as usual.

 

 

 

Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app

 

 

 

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2 hours ago, lupin said:

 

or is it that the rates being charged were always higher and that this acts as a "cap" on charges with the highest rate still lower than what they previously "could" have charged?

 

No. See above.

 

It acts as nothing. It is a non-issue.

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Looking at the https://www.thailandelite.com/at-your-service/card/elite-superiority-extension-membership?locate=en this seems to indicate a 20 year TE VISA for 1 million baht. That works out to 50,000 baht per year. Is this a correct assessment? If this is true, this could a great option for those who can no longer qualify for health insurance. 

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23 minutes ago, Tounge Thaied said:

Is this a correct assessment?

Yes it is.

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17 minutes ago, ubonjoe said:

Yes it is.

Then this is the way to go... You get a near hassle free, except 90 day reporting, VISA. Can keep your own health insurance, or not have any at all (self insure) and not have to park money in the bank, worry about annual renewals and any future changes to the Non-O and not have to worry about leaving and coming back. Seems worth it. Am I missing any downsides to this?

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1 minute ago, Tounge Thaied said:

Then this is the way to go... You get a near hassle free, except 90 day reporting, VISA. Can keep your own health insurance, or not have any at all (self insure) and not have to park money in the bank, worry about annual renewals and any future changes to the Non-O and not have to worry about leaving and coming back. Seems worth it. Am I missing any downsides to this?

Yes, the financial part. Do the math, let's say 5 year Elite visa för 500k. Compare that to 5x 1900 baht for annual extensions. You have to do almost exactly same at the immigration office as if you have an O Visa with extensions, except the extension part, which in May took me less than 4 minutes to do. Elite visas are for people who don't meet the requirements for a long term visa/extension, or have loads of money to throw away. 

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16 minutes ago, Max69xl said:

Yes, the financial part. Do the math, let's say 5 year Elite visa för 500k. Compare that to 5x 1900 baht for annual extensions. You have to do almost exactly same at the immigration office as if you have an O Visa with extensions, except the extension part, which in May took me less than 4 minutes to do. Elite visas are for people who don't meet the requirements for a long term visa/extension, or have loads of money to throw away. 

That is a fair point. Don't throw your money away willy nilly. Are you saying that even with the Elite VISA you still have to go in for annual renewals? For me... I have looked at this issue for several years now coming in and out on tourist VISA's... as my current work takes me in and out of the kingdom frequently. But, when I fully pull the plug and slow down on work, it will be clear enough for me and for my peace of mind, body and soul, instead of parking the 800,000 in a nearly non existent interest bearing account that I won't be able to use the entire time I am retire here, I might as well just give them the money and for 20 years I have no worries, No worries about any current or future changes to all the VISA issues. The 20 year TE VISA works out to 4,166 baht per month. I would pay 5 times that amount in taxation costs living back in my home country... I am still getting a deal in Thailand.

Edited by Tounge Thaied
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