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Sheryl

"Cheat Sheet" for Longstay Insurance Policies

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I have been in contact with my broker (AAInsure) and they are seeking clarifi9cation regarding foreign policies as well as Thai policies from other than the 13 companies listed but not yet gotten it.

 

It was mentioned that among other  companies with offices in Thailand, some are underwritten by companies that are on the list (e,.g. Luma = Navakij, April-Thailand =  LMG) and possible but not yet confirmed that policies  with these would be accepted by virtue of those relationships.

 

IF so - that would greatly expand the range and quality of plans available to people under age 65. April-Thailand's My Health International, for example, offers 32 million baht cover with guaranteed lifetime renewal and no rate increase based on claim history or health status.

 

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30 minutes ago, Sheryl said:

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.

 

There was a Tommy Lee Jones movie about a decade back entitled "No Country for Old Men."  With the change to make that reference gender neutral, I'd say Thailand appears to be rapidly forging ahead in that direction.

 

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I have been in contact with my broker (AAInsure) and they are seeking clarification regarding foreign policies as well as Thai policies from other than the 13 companies listed but not yet gotten it.

 

It was mentioned that among other  companies with offices in Thailand, some are underwritten by companies that are on the list (e,.g. Luma = Navakij, April-Thailand =  LMG) and possible but not yet confirmed that policies  with these would be accepted by virtue of those relationships.

 

IF so - that would greatly expand the range and quality of plans available to people under age 65. April-Thailand's My Health International, for example, offers 32 million baht cover with guaranteed lifetime renewal and no rate increase based on claim history or health status.

 

 

Correction - Broker informs me they have verified that April-Thailand policies WILL be accepted (if they include Outpatient) with letter/certificate  will be issued on LMG letterhead.  They are still  seeking clarification re LUMA, foreign policies, and policies form other local companies.

 

The April-Thailand policy is a good one but the OPD cover in the Essential plan is over 160K and under the Extensive and Elite Plans has no limit (just falls under the overall limit) and thus will substantially raise premiums, you'd have to get a quote to find out how much. AND they will newly enrol only up to age 65. Still well worth looking at for those under 65 but if over 65 not a possibility.

 

 

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6 minutes ago, Sheryl said:

Correction - Broker informs me they have verified that April-Thailand policies WILL be accepted (if they include Outpatient) with letter/certificate  will be issued on LMG letterhead. 

 

One of the other useful, practical pieces of info that would be good to hear from someone involved in this on the insurance side of things is just what exact kind of documentation for O-A purposes are the insurers planning to provide / that Thai Immigration will want to see.

 

I'm specifically talking about 2nd year entries where an original MFA insurance notation on the original visa at issuance might no longer be applicable. And/or, if the insurance requirement as seems likely ends up formally applying to extensions of stay based on O-A or more broadly.

 

You mentioned about the April-Thailand policies not having a set OPD limit. It's the same with the higher level Pacific Cross policies -- the OPD amount is simply included in the larger total coverage amount that is listed.

 

But, absent some clarifying/certifying documentation, I could just imagine going to Immigration with my Pacific Cross policy in hand and trying to persuade them that I really do have 40,000+ in outpatient coverage, even though no specific outpatient coverage amount is listed anywhere on my policy documents, which just say "Normal and Customary."

 

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It was intimated that premiums for foreigners are higher than the general population, if so why would that be? Is it assumed that we require better treatment.

 I was about to buy a travel policy for five months in thailand on my retirement extension, for approx £680, I am 74 so the price appears to be less than figures quoted here.  One condition was that a return air ticket was necessary which I don’t have so am not insured. I have no medical conditions as far as I know but one needs to prepare for the worst case so what would that be and how much would it entail me paying?  Reading between the lines Immigration seems to want A-O visa holders to insure because they don’t have the cash in the bank,mwhich means that Immigration are assuming that, in normal circumstances, Bt800,000 is enough self insurance. In abnormal circumstances, the big C I suppose, one doesn’t bother to treat it at my age. 

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It was intimated that premiums for foreigners are higher than the general population, if so why would that be? Is it assumed that we require better treatment.

 I was about to buy a travel policy for five months in thailand on my retirement extension, for approx £680, I am 74 so the price appears to be less than figures quoted here.  One condition was that a return air ticket was necessary which I don’t have so am not insured. I have no medical conditions as far as I know but one needs to prepare for the worst case so what would that be and how much would it entail me paying?  Reading between the lines Immigration seems to want A-O visa holders to insure because they don’t have the cash in the bank,mwhich means that Immigration are assuming that, in normal circumstances, Bt800,000 is enough self insurance. In abnormal circumstances, the big C I suppose, one doesn’t bother to treat it at my age. 

If you are 74 you need to act fast as none of the approved companies will insure you once you are 75. Indeed only 1, Pacific Cross, will insure you at 74. Once you have a polucy renewal is guaranteed till age 99.

 

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

 

 

 

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1 hour ago, Sheryl said:

If you are 74 you need to act fast as none of the approved companies will insure you once you are 75. Indeed only 1, Pacific Cross, will insure you at 74. Once you have a polucy renewal is guaranteed till age 99.

 

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

 

 

 

Thanks for that Sheryl. I shall consider taking a look at them.   I stopped BUPA when I realised that no credit is given for past premiums. That was fifteen years ago so I have saved at least fifteen thou, toward self insurance by now; probably much more.

Since 75 is the ceiling for insurance if the government did require insurance for people with permission to stay and die in Thailand, they would be breaking the contract in the case of over 75s. Perhaps that is why it is not required. 

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3 hours ago, Sheryl said:

Pursuant to the above, this is the letter Pacific Cross will issue. As you will see, it is very short and does not go into policy details beyond policy dates and certifying that the TI requirement is met.

 

Insurance certificate.pdf 29.63 kB · 2 downloads

 

I would expect other company's forms to be very similiar.

 

Interesting... That Pacific Cross letter is basically a very slightly redone version of the MoPH foreign insurance certificate letter on the Longstay TGIA website:

 

2141643485_2019-10-1421_46_48.jpg.96875e1284dc339f753759e3806f1870.jpg

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12 hours ago, TallGuyJohninBKK said:

 

Interesting... That Pacific Cross letter is basically a very slightly redone version of the MoPH foreign insurance certificate letter on the Longstay TGIA website:

 

2141643485_2019-10-1421_46_48.jpg.96875e1284dc339f753759e3806f1870.jpg

 

Yes. This is the sort of thing Imm wants. . . simple. They are NOT going to look at policy documents, no way. They want insurance companies to do this for them.

 

Io will look for your name, passport number policy effective dates, letterhead and stamp of one of the designated insurance companies.

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Please note updated attachment in the OP

 

Info on AETNA policies has been added, these are existing policies. I do nto know if others may be in the works specific to O-A visa. Email inquiry to them not answered yet.

 

Note new information for Navakij Insurance, especially as they allow enrollment up to age 80. To date that is the highest age of any of the insurers though it pertains only to the lowest level of cover. The higher plan allows up to 70.

 

I expect there will be more updates to come. Sompo website has the words "Long Stay Visa" but nothing else so they are obviously constructing something.

 

I have inquiries via LINE in to AXA and Navakij as to how long renewal is guaranteed for. Will update when/if they respond.

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