What are the new insurance requirements for foreigners applying for the O-A retirement visa to live in Thailand?

October 19, 2021

insurance, retirees

Last week Thai authorities announced a number of changes to the insurance requirements for foreigners applying for the Non-immigrant O-A (Long Stay) retirement visa. It seems some of the details are still being worked through, but most Thai Embassies have already begun implementing these changes (effective 1st October 2021) and many insurance companies in Thailand have already started updating their existing policies and developing new products in order to meet these requirements.

These rules differ depending on whether you are applying from your home country or whether you are already in Thailand renewing your visa. However, all foreigners applying for their first O-A retirement visa from overseas are now required to meet these new requirements. The new rules require applicants to maintain a health insurance policy that covers all kinds of medical treatment (both in-house patient and out-patient) including COVID-19 related treatment, with a minimum coverage of 3,000,000 THB, during the entire period of stay in Thailand. It seems the previous requirement to have Outpatient coverage of not less than 40,000 THB has either been upgraded or removed (This is a developing story – To be advised).

Foreigners currently residing in Thailand on an O-A retirement visa will be permitted to extend their visa under the old guidelines until the 31st of August 2022 (an insurance policy of 400,000 THB Inpatient coverage (including outpatient coverage of 40,000 THB). However, commencing 1st September 2022 onwards, ALL Long Stay Visa holders will be required to move to the new criteria – an insurance policy that provides 3 million THB Inpatient coverage which includes all kinds of medical treatment (both in-house patient and out-patient) including COVID-19.

At this stage, the easiest and most affordable solution for retirees applying from overseas is the LUMA Travel Pass. This plan already meets these minimum requirements and can be purchased online in 5 mins by any person aged 1-75 years of age. Although this insurance cannot be extended beyond 12 months this product is very affordable and offers a very convenient and accessible method to meet these requirements. Please see the following link…

Thai Travel Insurance – COVID insurance for expats traveling to Thailand

For persons already in Thailand and for persons 75 years and over, we offer a wide range of immigration compliant insurance products payable on an annual or monthly basis. These products come from a wide range of recognised companies including AETNA, AXA, April, Cigna, LMG, LUMA, Pacific Cross and Regency for Expats. Regardless of your age or health status, we offer a wide array of insurance options for families and retirees visiting or moving to Thailand.

Please contact Thai Expat Club / Health if you have any questions or require any further information regarding retirement or travel insurance for Thailand.

Telephone or WhatsApp +6689-897-9435

Website: https://thaiexpatclub.com/

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DISCLAIMER: The information contained in this report has been obtained from sources believed to be accurate and reliable. However, Thai Expat Club makes no representation as to the accuracy and completeness of such information. Information and opinions expressed herein are subject to change without notice. In particular, Thai Expat Club does not guarantee the accuracy of information related to immigration processes and requirements in this report nor do we accept any liability for any loss or damage of any kind arising out of the use of such information or opinions in this report. Readers are advised to do their own research before making decisions relating to visa transfers and migration to Thailand. All rights are reserved.
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