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

Question

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

Ask Thailand · Answer

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 ****** · Answer

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

Janey ****** · Answer

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

Brook ******** · Answer

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.

Rob ********** · Answer

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.

Nick **************** · Answer

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.