What is the best Visa for a Retiree who is self insuring for health because of age and pre existing conditions?
Cheers,
Tom Gallagher
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TLDR : Answer Summary
The best visa options for retirees in Thailand, especially those who are self-insuring for health, include the Non-O visa and the LTR visa. The Non-O visa, suitable for individuals over 50, requires a financial commitment of 800,000 THB in a Thai bank but does not mandate health insurance. On the other hand, the LTR visa is touted as preferable due to its ten-year validity and minimal reporting requirements, though it does require proof of health insurance or a deposit of $100,000. Discussion emphasizes the pros and cons of each option and the necessity of financial readiness.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
I am in the same position as you, I am doing the none o retirement visa, using the banked 800,000 as my emergency medical fund. If you leave the 800,000 in a separate deposit account, you can get 1.5% interest, so the fund is not totally wasted. The cost of insurance with pre existing conditions is horrendous, and gets worse as you get older.
. LTR is the best. Annual reporting only takes a total of 5 min (in and out in 5min) and only requires a 1 page form and your current passport. No need to report if u leave and return as it resets to 1 year every time u reenter.
LTR visa holders are tax exempt for any money brought into Thailand.
No need to deposit and keep money in a Thai account. U can keep it all in your own country.
No need for annual renewals. It’s renewed at end of 5yrs.