Part 1 of the story
Life Insurance
https://youtu.be/KZmeXNFMpIA

Liked and subscribed!
Thank you.

Which insurance cover health check up treatment in those expensive hospitals like Bumrungrad, Bangkok hospital or samitivej ? As a foreigner

Good video but questions remain. How much insurance covers a hospital room cost doesnt really tell you anything if you dont know how much medical treatment de facto cost in Thailand.

If I´m say 55 and break my leg and simple surgery needs to fix it – cost?

If I get dengue fever and need medicines, a week in hospital, treatment etc – cost?

If I am 60 and suddenly need a heart surgery – cost?

If i need my appendix/surgery removed – cost?

If i damage me back/spine and get hernia, need a surgery and then need to recover a year – cost?

Someone tries to rob you and you get a knife in your guts, hospital, surgery, meds, followups, etc – costs?

All these are things that CAN happen while you live in Thailand or anywhere else for that matter.
The cost of these needs to be known before one can intelligently research insurance coverages.
If the insurance company tells me oh this is perfect, we cover 50k bath hospital room and you get 2 million coverage on things like heart attack BUT then the cost of the very heart surgery runs up at 8 million bath then one missed a lot when it comes to the insurance choice.

I don't understand why you don't have thousands of subscribers. Thanks for all your work. But one question: for those rates do you have to be a legal resident of Thailand rather than someone who sojourns there off and on using visa runs etc?

Thank you for your kind response , very valuable information.
I had just bought my international health insurance but Thai immigration didn't
accept it, I was applying for an extension of stay O-A visa, they said it has to be
One of the 14 Thai insurance that they have agreement with . So I had no choice
but to buy one of those, any way I couldn't get out of the country with the frontiers closed.
Have a nice time.

Thank's for the information, very interesting! But now in 2020 many things have changed with the new Thai regulations, if you want to renew your visa you have to purchase an insurance that is in the inmigración list only,
It's a business! And many won't insure you after 70, only a few up to 75. The cheapest is LMG.

Thank you for the great video, Thumbs UP??.

Does any of this cover trips to home country? Out of country coverage?

THERE ARE NO HEALTH INSURANCE PROVIDERS IN THAILAND OFFERING THE BASIC COVER REQUIRED BY THAI IMMIGRATION TO OBTAIN A RETIREMENT VISA …It would appear to me that the present requirement to obtain a retirement visa in Thailand is that you must provide Bt40,000 outpatients and Bt4000,000 in patients. If this not so then I stand corrected.

I am very much frustrated that even blind Freddie would know that this means exactly what has been said/stated. There is nothing I can see that suggests that you provide anything other than what is stated in the new regulations and this is the only way you can get a retirement visa.

These pages are full of many offers from many insurance companies that clearly fall short of the requirements. Like too old, cover not provided, too sick not covered, pre-existing of all sorts of ailments not covered. Additional premiums with age etc. It may be for older applicants that the policies may only provide partial cover or not at all. (most likely). The objective is to compensate Thai hospitals if you are a patient or if you die they still get paid.

It seems to me that the Thai Government has chosen a path that is unachievable. As it is clear Thailand requires that intending retirement visa applicants provide "Universal Health Care Insurance" for hospitals for in house treatment by an insurer up to the amounts stated where the premium is paid by the insured and the cover is comprehensive and all hospital debts incurred by Farangs are paid. Having been in the insurance industry in my younger days I believe most claims would fall within the Bt400.000 limit with a few above the required cover limit. We used to call this type of insurance "Personal Accident and All risks" or shortened to "All risks" I processed claims.

Thailand's objective are, yes, unachievable and in view of all the exclusions contained in the 13 Insurance companies' travel insurance of medical cover provided it is significantly short of the objectives of the Thai Government. The requirements are Bt40,000 and Bt400,000. Many of the policies on offer are for 5/10/20/30/50/100/million baht cover with a premium to match, we only require 0.4 million Bht to comply. The offers presented by these companies far exceed the Thai government's basic requirements. sometimes by a hundred times. That sounds good but these amounts are unrequired to comply. All we have to do is comply?

Universal health care is mostly only provided by Governments in a lot of countries. The USA has a sort of Universal Health Care provided by private enterprise, ( that's an oxymoron) the cost is often 10 times what similar treatment might cost in many Government administered health care funds in other countries and is a dog's dinner with a 100 million in the US with no cover whatsoever. (a few slow learners there). The premiums are too high. The health care providers there have money coming out of their ears. It's championed as "Free Enterprise"…wow.

Even Mr. Trump in a very recent speech castigated advocates of Universal Health Cover and stated that that universal health cover was the objective of socialist and communists. Completely ignoring the fact that nearly all advanced first and second world countries worldwide with the exception of USA have very effective socialized health care and usually free to their citizens. Evan Thailand does for its own people. They just want farangs to pay the bill…OK.

How Australia's Universal Medical cover Medicare is…If you are an Australian and intend living in Thailand and need to satisfy Thailand's new insurance requirements then read this …if you have Australia private health insurance cover i.e Medibank Private. Bupa, MBF etc, etc. which is in addition to the free Medicare service. Even if you pay the premium whilst you are out of Australia you cannot use that cover for any medical treatment whilst you out of Australia. You cannot use that cover to be repatriated back to Australia either. It has no value whatsoever in Thailand or any other country but only in Australia, it is not travel insurance…read the fine print online about your Australian private Medical Insurance or contact you Australian Private Health Fund. Paying the full premium will only preserve your entitlement for if and when you return to Australia.

This situation exists because part of your treatment received from an Australia private health fund is paid by Medicare, Medicare is the Govt free medical treatment that all Australians are entitled to but only if you are residing in Australia. Your cover stops the moment you depart through Australian Immigration. It restarts the moment you return to Australia. Immigration and Medicare are linked (both are Govt departments)

So far as I can see there is no cover available in Thailand that is similar to the Universal health cover that exists in Australia provided by Medicare Aus. Travel insurance from private insurers with their extensive list of exclusions and age limitations comes nowhere near the cover provided even by the Australian Govt Free Medicare service. All ages even 100 y/o with 100 pre-existing medical problems receive free universal health care in Australia for all ailments not just for some.

In Australia Medicare covers you for everything in a Govt hospital and the treatment will be for anything, you name it it will be free. Additional private health care insurance is for those people who wish to have treatment in a private hospital with their requested doctors and select the standard of accommodation which often is higher than the Govt hospital standard treatment.
I believe Universal health is the only way to go in Thailand but I believe it is unachievable if for farangs only, it's just too hard. Insurance for Medical cover in Thailand is very much short of what Thailand requires and what the customer needs.

If the existing insurance companies can't do the job well like the old saying goes " if you don't know how to cook the broth get out of the kitchen"

Don't donate your body, cremate. Not a nice subject to write about but I've read what some of these companies do with the bodies.

First of all, I will like to start by saying thank you to the both of you for sharing your life and this important planning process with us. Having said that, I want to bring something to your attention. The life insurance part of your insurance plan is something I want to bring more attention to.

Because it is a whole life plan, you are actually paying the most expensive type of life insurance. Using your current yearly payment to explain, you would be paying 117,120 Batt over the next 20 years for a payout of 150,000

If you used a Term-Life insurance instead of whole life, the cost is one percent of the payout sum paid over the number of years you want the policy for. So, using 5,856 Batt as your yearly payment, you get a pay out of 11,742,000 Batt instead of 150,000 Batt for a 20 year policy.

 If you used a Term-Life insurance to get a pay out of 150,000 as you do, your yearly payment would be 75 Batt giving you a saving of 5,781 Batt a year or 115,620 Batt in 20 years .

I am not working in the insurance sector and have never worked there. I would refer you to read/learn about Term-Life insurance and urge you both/all reading to check out the teachings of Dave Ramsy (you can find him on YouTube) on life insurance for a much better explanation.

Thank you once again for the gift of sharing your lives with us

Thanks for the info do you make a monthly payment or for the whole year coverage.

Brad what was the total cost please

Is That Cover for a Private Hospital or just the Public Hospital

You never mentioned your age ! I'm 83 and I can't even get a quote !

This is the most entertaining video of yours yet! Thanks!

What it is 'early retirement'? We have not such in my country. Do you have any pension?

Great vlog. The total insurance you are paying is around what you would pay for comprehensive motor insurance of a new car here in Australia so great value I believe.

Thanks guys, some great information. Given my recent accident I've been looking at getting new health cover. This company seems to be better that what I've found so far but I might follow your example and look at finding a broker here in Pattaya. Do you know if the broker you used has an office in Pattaya?
Thanks again guys and keep up the good work.