Thailand makes Health Insurance for Retirement Visas cheaper - 2024
Thailand will reduce the health insurance requirement from THB 3 million to THB 440,000 to support retirement visa applications starting in September 2024.
Are you worried if your pension or savings will be enough to live comfortably in Thailand? Concerned about how much you'll spend monthly on housing, healthcare, and daily needs? Not sure how to prepare for the big move or what to bring along? Thai Kru is here to guide you through every step, giving you peace of mind and making your dream retirement a reality.
Who is it for?
Retirees aged 50 and above who wish to apply for a retirement visa from their country. The required visa type is the Non-Immigrant O-A visa.
What was the previous health plan?
Previously, the health insurance plan for the retirement visa type OA required coverage of USD 100,000 or 3 million baht, including coverage for COVID-19.
When does it go into effect?
It goes into effect starting September 2024.
What is the new health insurance plan?
The new plan reduces inpatient insurance coverage from 3 million baht to 400,000 baht inpatient and outpatient insurance coverage to 40,000 baht.
What is the financial requirement?
The financial requirement remains the same: THB 800,000 (USD 23,000) in your home country bank account or THB 650,000 (USD 20,000) monthly income for the last 12 months.
How long can you stay?
You will be granted a one-year stay with a multiple entry permit.
Where can you apply for the visa?
You can either apply at Thai Consulate in your country in person or online. Or It's best to contact us for assistant in visa application process!
It's a very positive development for you who’s planning to retire here. You no longer need to pay for very high health insurance coverage; the decrease is significant. These new rules will come into effect from September onwards, making it the perfect time to relocate to Thailand by the end of the year.
We will surely update more information on this blog once we get information from government, if you have further question, contact us here.
Are you worried if your pension or savings will be enough to live comfortably in Thailand? Concerned about how much you'll spend monthly on housing, healthcare, and daily needs? Not sure how to prepare for the big move or what to bring along? Thai Kru is here to guide you through every step, giving you peace of mind and making your dream retirement a reality.