What does 'self-insurance' mean in the context of health insurance for expats in Thailand?

health insurance self-insurance expat insurance in Thailand visa requirements Thailand healthcare financial advice

Sep 4, 2023

a year ago

ORIGINAL POSTER

I am lookong at health insurance options at the moment.  I'm 66 this year.  Can anyone explain what 'srlf-insurance' means.  Is it a specified amount in a dedicated accouny?  TIA

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TLDR : Answer Summary

The term 'self-insurance' typically refers to not having traditional health insurance and instead paying for medical expenses out of pocket. This can be achieved by having sufficient funds saved to cover potential hospital bills. Several community members discussed their health insurance experiences in Thailand, emphasizing the challenges older adults face in obtaining insurance and the importance of using trustworthy insurance agents. They also provided recommendations for insurance providers and urged caution in selecting insurance options.

Barbara ******

ORIGINAL POSTER

Thanks for help. I followed a lead and think I have what I need. Appreciate all advice

a year ago

Janey ******

Please get your insurance through someone you trust. There have been cases where the agent collects the money, but doesn't do the paperwork.

a year ago

Brook ********

Many people who are older, or have pre-existing conditions can’t get insurance in Thailand at any price, or subject to exclusions.

Even if you have a seven figure USD net worth, Thailand still requires insurance for some visa types.

If the hospitals were smart, they would offer their own high deductible catastrophe plan.

a year ago

Rob **********

Try AXA, if you mean self insurance, it just means you have enough money in your bank account to pay and cover any hospital bills which may arise.

a year ago

Nick ****************

Health insurance wise at your age is a bit tricky but I found Udon Brokers offered WRLife at 5000 a month with no contribution to payments (many companies insist on you paying 10% of the total costs ). In the end I went for Liberty at

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baht for the year with a 100k contribution but I covered that with a 100,000 accident and sickness policy with Allianz at 6900 for the year.

Pm me if you want any more info. I don’t work for any insurance company so I am completely unbiased.

a year ago

John ********

You won't get much for your money in Thailand

Use the government hospitals you will have to pay but it's a lot cheaper than private hospitals or insurance

a year ago

Bobby *********

MUCH cheaper

a year ago

Reply to

Bobby *********

Ian ********

Have a look on Mr Prakan for all your Thailand insurance requirements

You can compare policies and prices in it from the leading providers

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a year ago

John **********

Is that a typo and you mean self insurance? If so it just means you don't get insurance and pay as needed out of your own funds

a year ago

Barbara ******

ORIGINAL POSTER

@John *********

yes self insurance 😂 Thanks for clarification

a year ago

Reply to

Barbara ******

Neil *********

Hi Barbara can I pm you to discuss ?

I’m an independent financial adviser and we have terms with all the companies

Please be wary of who you go with

a year ago

Barbara ******

ORIGINAL POSTER

@Neil ********

yes please do

a year ago

Neil *********

@Barbara *****

I just have done on messenger

a year ago

Reply to

Neil *********