Answered4 years ago
Do I need medical insurance for a Thailand Retirement Visa if I have 800k in a Thai bank?
Hi...about to apply for Retirement Visa. Arrived a week ago on 30 day visa exemption. Over 50, 800k in thai bank for over 3 months, lease signed, do i also need 3m baht of medical cover ? Need to show that insurance ? How long it needs to be valid for ? Anything else needed ? Thank you.
Answer summary
The user is preparing to apply for a Retirement Visa in Thailand and inquires whether they need 3 million baht in medical cover, which has been confirmed as not necessary for the Non-O Retirement Visa. They have stayed in Thailand on a 30-day visa exemption, are over 50, have 800k baht in a Thai bank for more than three months, and signed a lease. While insurance is not required for the Non-O Retirement Visa, it is for the Non-OA visa.
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Ken ******
you need for OA,
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Stuart *********
Maxy Fruvous You can’t switch from a non OA to a non O in country. You’d have to leave Thailand at the end of the Non OA and re-enter on a tourist visa or exempt, then apply for a in country non O.
Stuart *********
Maxy Fruvous as Garrett said. Beware the second year of this method is not multiple entry so if you were to leave Thailand you’d need to purchase a re entry permit to keep your “admitted until” date alive on your return.
Garrett ***********
Maxy Fruvous With a Non-OA, you're stamped in for 1 year everytime you enter Thailand. If you leave and reenter on the last day your visa is valid for, you'll still be stamped in for 1 year, giving you 2 years of in country time.
Stuart *********
@Ken *****
The OP is in Thailand. They can’t get a Non OA here.Ken ******
@Stuart ********
in fact, O is better than OA as it helps to get rid of annual expensive health insuranceStuart *********
@Ken *****
Depends. Some people prefer the OA as it means they don’t need funds in Thailand and can get 2 years out of it. Rinse and repeat. Yes there’s the insurance requirement but no fund requirement within Thailand.
Malcolm *************
No insurance needed for Non O retirement visa
Stuart *********
No insurance required for a Non O applied for in Thailand. Are the funds able to be seen from overseas?
Mars ************
OPThere is no immigration office near centre of Bkk can use... ? ...must go up to the one just south of Don Mueng ? Thats probably 1 hour trek north each way..not great if need to fetch another document
Mars ************
OP@Stuart ********
thank you ...so it seems I could get a non imm O in country now, gives 90 days ...and then get extension to 12 months. Can i buy re entry rights on this, so can travel in / out ? If so, works for me and saves hassle of applying OA overseas i guess.Stuart *********
Robert Curtis The 90 days is so the funds can season for two months. If they’ve done that already you can apply anywhere from 45 days (some offices) or 30 days prior to it expiring. They add on the days so there is no downside to going early.
Stuart *********
Robert Curtis Yes. You must keep the 800k for 3 months and the balance can’t go below 400 for the rest of the year. To get your next extension it would have to be back up to 800k two months prior to you applying.
Stuart *********
For the retirement basis that is.
Stuart *********
@Robert *******
because if it’s for a Non O applied for in Thailand the funds must be seen to have been transferred from abroad.
Mark ******
Robert Curtis That explains it because the question that had popped into my mind (and I am sure into others here also) was how did you manage to get the money into the bank after being just 1 week in Thailand. Sure, it can be done but???
Stuart *********
Robert Curtis some offices may be lenient on the overseas transfer requirement, especially if you have a history like yourself. It is the rule, but may not be enforced.
Stuart *********
@Robert *******
sorry my bad wording. The funds must have been sent into Thailand from abroad.Mars ************
OP@Stuart ********
yes was bank xfer , thank you.Activity
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