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Sheryl

"Cheat Sheet" for Longstay Insurance Policies

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1 hour ago, Airalee said:

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).  

 

Basically, Pacific Cross (one of the participating insurers in the O-A program) has indicated that the reason the premiums are so high, and the coverage is so low, in the O-A specific policies is that they are targeted and only applicable to the 50 and over set.

 

Fortunately, a rep for Pacific Cross has indicated in posts here that they've received government approval for having ALL of their regular health insurance policy offerings be acceptable for OA purposes, so long as the individual policy meets the government's 400/40K requirements. And in Pacific Cross's case, almost all of their regular policy offerings have limits above those minimum thresholds. Thus by opting for one of their regular policies instead of one of their OA ones, you get vastly higher covered limits for about the same or not much more money.

 

The only question is, will that same kind of broad policy acceptance also apply with the other participating O-A insurers that would allow OA folks to make use of their general population policies, again, provided they meet the government's 400/40K minimums.

 

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Since I can not open up your link can you possibly add it to the pinned topics so one can just go there to look at the offerings of insurance companies. It would be most appreciated.

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2 minutes ago, OneMoreFarang said:

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. 

Actually, he was just using  the term "historical" in the context of that thread. By "historical" he means the policies they have had available on their website for a long time, as opposed to the ones that are linked to from the www.longstay.tgia.org. The "historical" policies "Standard", "Premiere", "Maxima","Ultima" are much better value than the OA-specific ones, "Platinum1/2/3".

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Since I can not open up your link can you possibly add it to the pinned topics so one can just go there to look at the offerings of insurance companies. It would be most appreciated.
Not sure why you can't open it? It is an Excel document.

The spreadsheet is too large to fit into a thread hence the attachment.

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

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Basically, Pacific Cross (one of the participating insurers in the O-A program) has indicated that the reason the premiums are so high, and the coverage is so low, in the O-A specific policies is that they are targeted and only applicable to the 50 and over set.
 
Fortunately, a rep for Pacific Cross has indicated in posts here that they've received government approval for having ALL of their regular health insurance policy offerings be acceptable for OA purposes, so long as the individual policy meets the government's 400/40K requirements. And in Pacific Cross's case, almost all of their regular policy offerings have limits above those minimum thresholds. Thus by opting for one of their regular policies instead of one of their OA ones, you get vastly higher covered limits for about the same or not much more money.
 
The only question is, will that same kind of broad policy acceptance also apply with the other participating O-A insurers that would allow OA folks to make use of their general population policies, again, provided they meet the government's 400/40K minimums.
 
TI does not require one policy vs another and some of these insurers don't list soecial policy for long stay. Any policy of at least 400/40 from one if the companies listed will do...but you may run into problems on age limit for application.

What is unclear is whether you can use a policy from a company not listed, Thai or foreign. The list does not include all insurers registered in Thailand.

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

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Sheryl- When I click on your link it says"This file does not have an app associated with it for performing this action. Please install an app or, if one is already installed, create an association in the Default Apps Settings page".  I have no idea what they are referring to. I don't have Word so can that possibly be the reason why I can't open up your link? Any info would be appreciated.

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Sheryl- When I click on your link it says"This file does not have an app associated with it for performing this action. Please install an app or, if one is already installed, create an association in the Default Apps Settings page".  I have no idea what they are referring to. I don't have Word so can that possibly be the reason why I can't open up your link? Any info would be appreciated.
It is in Microsoft Excel
If you have MS Office installed you'll have it. If nor then you can't open it and this would hold true even if I sent it to you by PM.

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

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2 hours ago, watgate said:

Sheryl- When I click on your link it says"This file does not have an app associated with it for performing this action. Please install an app or, if one is already installed, create an association in the Default Apps Settings page".  I have no idea what they are referring to. I don't have Word so can that possibly be the reason why I can't open up your link? Any info would be appreciated.

 

Here is an online copy  http://bit.ly/2pgEbCM

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3 hours ago, Sheryl said:

TI does not require one policy vs another

 

According to the Pacific Cross rep's recent post here, originally, only the policies specifically listed on the TGIA O-A page were going to be deemed acceptable for O-A compliance, not their regular policy line. And even now, the Immigration language says the complying policies must be purchased online via the TGIA website.

 

39542261_2019-10-1411_27_58.jpg.4344a24091102decdedc2a0d53002916.jpg

 

However, the rep's post indicated PC ended up going and persuading the government to allow all of their policies that met the coverage minimums to be deemed in compliance -- not just the 3 O-A policies they currently have listed on the O-A website.  Originally, that was not going to be the case.

 

My follow-up question I posed to them -- which they have not answered as yet -- is whether or not the government's permission to Pacific Cross also extended to all the other insurers listed on the O-A website, meaning, are all of their policies also available now provided they meet the minimums.

 

 

Edited by TallGuyJohninBKK
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No policies listed in the longstay.tgia website

 

Only companies listed.

 

You can get any policy that any of those companies will issue you that meets the 400/40 requirement.

 

Not that this yields much to choose from. As yoy will see on the "cheat sheet" none of these companies enrol people aged 75 and above and some don't enrol past 65. Others drop coverage at age 70 or so.

 

From the info currently available only Pacific Cross and maybe LMG would insure until age 99 (none insure for life) and the others all cut iff coverage around age 70-75.

 

But note info is still unavailable from some companies. And it renains unclear whether insurance from companies not listed, Thai or foreign, will be accepted.

 

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

 

 

 

 

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3 minutes ago, Sheryl said:

No policies listed in the longstay.tgia website

 

Only companies listed.

 

You can get any policy that any of those companies will issue you that meets the 400/40 requirement.

 

I just wanted to check that you are aware that Pacific Cross offers more policies than those that you see when you follow the link from longstay.tgia. If you go to the menu you will find other policies which appear to meet the 400/40 requirement, though the 40 part is a little muddy.

 

 

PC policies.jpg

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