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Answered2 years ago

What are the important considerations for retiring in Thailand regarding medical insurance and banking?

Juan ***************
asked Sep 17, 2024
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Hello there! Plan on retiring very soon in Thailand. Just getting started on medical insurance expenses and bank accounts before making my final decision. Thanks for having me! 🙏
Answer summary
The user is preparing for retirement in Thailand and is concerned about medical insurance and bank account setup. Comments suggest connecting with local insurance brokers, considering a trial stay in Thailand, and researching the Non-O and Non-OA retirement visas for easier banking and residency. There is also a suggestion to check embassy requirements for visas to streamline moving and living arrangements.
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Graham ******
Graham ******
heck your local Thai Embassy/Consulate website and look at the requirements for the Non-O (90 days on entry) and Non-OA (12 months on entry) retirement Visas to see which suits you best. Arriving with one of these makes opening a Thai bank account much easier and you will need one within 30 days of arrival if on a Non-O Visa to get your first 12 month extension (unless your Embassy in Bangkok still does the income affidavit). Arriving with no retirement Visa means you need a bank account to apply for the Non-O in country and this route is more difficult/expensive.
Juan ***************
Juan ***************
OP
@Graham *****
Thanx, Graham! I'll have to look into that 👍🏼
Juan ***************
Juan ***************
OP
Thanx for your feedback, guys! It's really appreciated
Guddu *************
Guddu *************
Rethink and opt for Vietnam
Henrik *****
Henrik *****
Have you ever stayed more than a couple of weeks in Thailand ?

Else start by making an 3-6 month trial run on the same budget as when moving.

It should be both rain and high season.

Also easier to get bankaccount, after staying a while in Thailand, before asking for a bankaccount.

Everyday life may be very different from holiday life.
Shane ********
Shane ********
Highly recommend speaking to
@Natty ********
from
@Tenzing ******************
they are the leading health insurance broker in Thailand
******************************************
Natty *********
Natty *********
I would also recommend Natty Tassana
Daniel ******
Daniel ******
Good to see that you retire in Thailand: already 45 years old?
Juan ***************
Juan ***************
OP
@Daniel *****
I've been 45 for some time already 😉
Gary *******
Gary *******
@Daniel *****
you have to be 50 plus to have a retirement visa 0 but he can get a student visa
Pertti *************
Pertti *************
@Gary ******
student visa is temporary for students..
Pertti *************
Pertti *************
@Gary ******
I don't like Visa schemes. Passport is key everything🙏
Gary *******
Gary *******
@Pertti ************
I’m ok I’m over 50 years old and my retirement visa is for 5 years now
Pertti *************
Pertti *************
@Gary ******
no need but maybe good for students but very expensive route live here💸 Business and spouse visas were "free" to me so far🙏 My company pay these paper things and can apply citizenship after 3 year🇹🇭
Gary *******
Gary *******
@Pertti ************
you can have a student visa from the age of 18 all the way up to 50 birthday as long you learn Thai in a school

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