Jump to content
BANGKOK
Sheryl

"Cheat Sheet" for Longstay Insurance Policies

Recommended Posts

Thanks for this, I wsa hoping someone would do this 🙂

 

This confirms that everage premium for these policies, for me is about 90K Baht for very low, inadequate cover. My current UK International policy covers me for 13 million Baht , for half the premium. If this ever gets applied to extensions of stay I will need to ask them to add out patient cover and hope my insurance company will sign the certification form.

Share this post


Link to post
Share on other sites
Thanks for this, I wsa hoping someone would do this [emoji846]

 

This confirms that everage premium for these policies, for me is about 90K Baht for very low, inadequate cover. My current UK International policy covers me for 13 million Baht , for half the premium. If this ever gets applied to extensions of stay I will need to ask them to add out patient cover and hope my insurance company will sign the certification form.

It is yet to be confirmed that this (use of foteign indurance) will be allowable past the first year that visa is issued.

 

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

 

 

 

  • Thanks 1

Share this post


Link to post
Share on other sites
5 minutes ago, Saltire said:

Thanks for this, I wsa hoping someone would do this 🙂

 

This confirms that everage premium for these policies, for me is about 90K Baht for very low, inadequate cover. My current UK International policy covers me for 13 million Baht , for half the premium. If this ever gets applied to extensions of stay I will need to ask them to add out patient cover and hope my insurance company will sign the certification form.

Do you mind sharing which UK company you're with?

 

You might also want to check out this post by a representative of one of the companies in the Spreadsheet (Pacific Cross). He seems to be saying that he will be possible to use their other policies (he refers to them as "historical") which are slightly more expensive than the ones in the spreadsheet, but offer ten-times or more the cover.

  • Like 1

Share this post


Link to post
Share on other sites
30 minutes ago, Sheryl said:

It is yet to be confirmed that this (use og foteign indurance) will be allowable past the first year that visa is issued.

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

Indeed, lots to be clarified, as usual. The web page with the list of companies also has the form to be used for existing insurers. Who knows! All I know is i'd be well pee'd off if I had to pay double for a much worse policy. Also I have been with my insurers over 5 years and am 65 soon, so at the cut off for acceptance from some companies. An existing policy has advantages, I hope.

  • Sad 1

Share this post


Link to post
Share on other sites
23 minutes ago, Exploring Thailand said:

Do you mind sharing which UK company you're with?

 

You might also want to check out this post by a representative of one of the companies in the Spreadsheet (Pacific Cross). He seems to be saying that he will be possible to use their other policies (he refers to them as "historical") which are slightly more expensive than the ones in the spreadsheet, but offer ten-times or more the cover.

Thanks for the info, I will check the link.

 

I am with Health Care International (HCI) I can't recommend or otherwise as I have luckily never had to claim. Been with them 5 years and at 65 soon, better staying with them than changing in my opinion. Not sure if they would honour it, but they say if there is no claim based on my pre-existing conditions in the first 3 years of cover, they put a moritorium in place and would 'consider' covering them.

  • Thanks 1

Share this post


Link to post
Share on other sites

Thanks Sheryl!  Is there any way you can pin this at the top of the Health Forum?

Share this post


Link to post
Share on other sites
17 minutes ago, Saltire said:

Thanks for the info, I will check the link.

 

I am with Health Care International (HCI) I can't recommend or otherwise as I have luckily never had to claim. Been with them 5 years and at 65 soon, better staying with them than changing in my opinion. Not sure if they would honour it, but they say if there is no claim based on my pre-existing conditions in the first 3 years of cover, they put a moritorium in place and would 'consider' covering them.

Thanks. I'll check them out. "Consider" is a typical insurer's word, but at least it's better than "no"!

Share this post


Link to post
Share on other sites
2 hours ago, Exploring Thailand said:

He seems to be saying that he will be possible to use their other policies (he refers to them as "historical") which are slightly more expensive than the ones in the spreadsheet, but offer ten-times or more the cover.

Be very careful with those historical contracts.

Because when those insurances are not often sold anymore than the average age of the insured people in those contracts is going up all the time. And that means the cost for the insurance for that contract goes up. And that means renewing them will likely get a lot more expensive compared to other contracts which have also lots of young people covered. 

Share this post


Link to post
Share on other sites
21 minutes ago, OneMoreFarang said:

I just had a look at your file. I am sure lots of people will find it helpful.

Currently I am working and I have an insurance and I don't have to worry about this.

 

A long time ago I sold health insurance policies and I think it would be good to add the following things to your file:

- Do the companies require a medical examination, and maybe starting at which age.

- How long do people have to report their medical history. I.e. some companies ask if someone was in a hospital in the last 5 or 10 years, some companies ask for any admittance to a hospital. And similar for outpatient visits to the doctor. Do they ask maybe only for 3 or 5 years or longer.

This is important for people who had i.e. a heart problem 11 years ago but did not visit a doctor since then. If the health insurance asks "only" for the last 10 years then maybe it does not have to be mentioned.

- Where are people covered? Only in Thailand? Maybe everywhere except the USA? If you travel that is important.

 

And I think people should think about why they want to sign up for the health insurance.

a) Do you do this to get money from the insurance when you are sick and need it?

b) Or do you do it to be able to stay in Thailand. It's more important to have the document and the payment is nice but not the primary motivation.

 

Because if it is b) and you care mostly about that document and you know you are not healthy (i.e. preexisting heart condition), then maybe you want to think about not mentioning your health history. Because if you do that you might not get any insurance and no insurance document at all. And that is then maybe the end of your life in Thailand (hopefully not but possible).

And be aware that health insurance companies talk to each other. If you wrote in one application form you have a heart problem and you get rejected and then you apply at another company and don't mention your condition that is a bad idea and likely a reason to throw you out.

 

In general about preexisting conditions: Insurance companies ask about your medical history. And in bad cases they might not insure you at all or they exclude preexisting conditions. But if they insure you that does not mean all is fine.

Because if you have some expensive bill, maybe years later, then at that time the health company might start digging if you had anything previously which you maybe didn't mention in the application form. And then, years later, they might tell you that they don't pay for the invoice which you just sent them. And in bad cases they will throw you out completely because you didn't tell them the whole truth. But obviously they keep the money which you paid over the last years.

 

I hope that helps a little.

Great post.  I also come from an insurance background (P&C) and wonder if one way for the Thai government/insurance companies to help make this more affordable, is to corral the “less risky” group into their forced insurance plan in order to better balance the overall risk profile.

 

Basically, this policy sucks because the market consists of people who are over 50.  Many of whom aren’t in the best health.  We need to bring the 20-50 year olds out of the woodwork.  The digital nomads....the perpetual tourists...whoever.  It doesn’t make sense for a country to try to milk that demographic for ฿500k - ฿1,000k for an elite visa when they could just railroad a few new visa categories through and start welcoming the younger group with open arms.  Get that demographic in the system completely including whatever requirements they feel are necessary (฿800k bank accounts, health insurance, etc).  

  • Like 1

Share this post


Link to post
Share on other sites
33 minutes ago, OneMoreFarang said:

And be aware that health insurance companies talk to each other. If you wrote in one application form you have a heart problem and you get rejected and then you apply at another company and don't mention your condition that is a bad idea and likely a reason to throw you out.

 

In general about preexisting conditions: Insurance companies ask about your medical history. And in bad cases they might not insure you at all or they exclude preexisting conditions. But if they insure you that does not mean all is fine.

Because if you have some expensive bill, maybe years later, then at that time the health company might start digging if you had anything previously which you maybe didn't mention in the application form. And then, years later, they might tell you that they don't pay for the invoice which you just sent them. And in bad cases they will throw you out completely because you didn't tell them the whole truth. But obviously they keep the money which you paid over the last years.

 

Just curious as to how they dig. Say you have an operation. Assuming that the hospital has records showing that it is a preexisting illness, or is able to deduce that it is, will the hospital report that information to the insurance company?

  • Sad 1

Share this post


Link to post
Share on other sites

Thanks that's very interesting, and a bit of culture shock coming from the UK. As far as I know, in the UK, the privacy of your medical record is sacrosanct, but then there is usually no need for an insurance company to want to look at, unless you have private insurance.

  • Haha 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...