What health insurance coverage is required for LTR visa approval when applying from the US?

Question

LTR visa question - applying from US.. BOI is asking for health insurance coverage for a year, even though I’ve submitted last 12 brokerage statements showing $100k in money market account. They want to see that amount in bank account. Has anyone faced similar situation?

Ask Thailand · Answer

The user raises a concern about the requirement from the Board of Investment (BOI) for health insurance coverage during the application for the Long-Term Resident (LTR) visa from the US. Despite submitting brokerage statements showing $100,000 in a money market account, BOI insists on having that amount in a regular bank account. Community members reflect on their experiences, emphasizing the importance of complying with BOI requests and clarifying that funds must be in a bank deposit form. Some advise obtaining health insurance as it’s a requirement for approval, while others suggest contacting BOI for tailored advice on individual circumstances.

Rajeev ******** · Answer

Thanks everyone. I’m just going to get AXA EasyCare health insurance l. Got the quote for $196/ yr. And let my money make more money. Not worth the hassle. 😊

Kim ********** · Answer

Unfortunately, even though it’s a money market account, because it’s held by a brokerage. It looks like an investment and that doesn’t count. It’s the same issue I have but frankly I intended to get insurance anyway seems a bit shortsighted to run the risk of an extremely high hospital bill.

Dca ***** · Answer

Well, did you directly contact and speak with someone at the LTR Visa (BOI) Office about your particular circumstances?

Or, perhaps in addition to speaking directly with someone, also write a letter explaining you would like to elect for the "Savings Deposit" option for Insurance Requirements???

> [url redacted]

Dave ******* · Answer

I had to prove evidence of insurance prior to arriving to Thailand , as part of their approval requirements

I am not clear on your other question.  Assuming you are meeting the income of 80 k USD during the past two years as required for the threshold  for approval then not need to provide additional information. If lower amount but higher than 40usd then additional documentation is required

However you are best to contact BOI through their email for clarification

Goodd ******* · Answer

Needs to be held as a bank deposit  of $100,000 for 12 months as stated in the LTR requirements.

Lloyd ******** · Answer

It is very simple, you give them what they ask for.

What health insurance coverage is required for LTR visa approval when applying from the US?

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