What is the process for applying for the Long-Term Resident Wealthy Pensioner Visa (LTR-P) in Thailand as a US expat?

Mar 2, 2023
2 years ago
Mike *********
ORIGINAL POSTER
I live in the US and am planning on retiring to Thailand in May. After looking at various visa options, I decided to apply for the Long term resident-wealthy pensioner visa (ltr-p). I am a retired US Army officer who has Tricare for Life health insurance coverage; I mentioned that as part of what I have found out will be important to US military retirees (I will cover that later). So I would like to describe my timeline and actions irt to applying for a ltr-p while still in the US, and hopefully it may be of benefit to others in that situation.

11 Feb 23: I created my account on the BOI website. I gathered my financial docs which consisted of my monthly statements from social security, VA disability and my Army retirement. I also included my tax form 1099s from 2022, but not my 1040 tax return. I also found a cool website that lets you upload a picture of you in front of any surface, and it turns it into the exact size and background needed for a Thai visa.

12 Feb: filled out the application form online and uploaded the documents; checked box that I would provide insurance letter later;

13 Feb: contacted LUMA insurance broker on their website to look for insurance coverage; at the time I had found nothing that indicated the military tricare healthcare coverage met the requirements of the BOI, so I thought I needed a Thai ins company.

16 Feb: BOI requested my insurance letter. I was surprised how quickly this happened. I implied it meant my financial stuff was found to be in order. Submitted actual application for AXA insurance visa package through LUMA.

21 Feb: LUMA rep (extremely helpful) informs me underwriting declined to cover me due to preexisting conditions (prob diabetes and being overweight). Bummer. LUMA offers to try other companies. I'm thinking I may be screwed irt getting a ltr.

21 Feb: I send an email to BOI through their contact us form on website; explaining that I was disapproved for Thai insurance and ask them if Tricare is an acceptable alternative.

22 Feb: much to my surprise, they respond the next day and say Tricare is OK!

23 Feb: I download a tricare coverage letter from the DOD Manpower Center website; I am concerned as it doesn't list a dollar amount (the $50k required by BOI) or an expiration date as Tricare doesn't have a limit or annual expiration. But I upload it anyway to see what happens.

24 Feb: it appears they accepted that tricare letter as my status moves to consideration by government offices.

26 Feb: get email telling me my consideration was endorsed, and to go to website to update any info and submit any additional docs. I don't have any docs to submit. The big choice is just whether you will apply for a visa through an Embassy in the States or in Thailand. I pick in the States. You must pick the Embassy or consulate designated for your state. They have a map.

28 Feb. I get an email that says my status is now being considered for final approval.

1 March 23. I get email telling me I am approved for the ltr-p. The BOI website has the approval letter, both in Thai and English, and tells you it is good for 2 months. So I must actually apply for the visa by 1 May.

So it was a total of 18 calendar days from when I first signed up on the BOI website and started my application until I had the approval letter for the LTR=P in my hand. Remarkable, I think, compared to what I have read.

And just a note to US veterans with Tricare: There isn't a lot that I could find on the web about being able to use Tricare, but I did. You just need to get a coverage letter from DOD Manpower Center; you can download it without having any conversation with anyone once you log in.
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TLDR : Answer Summary
The post outlines the step-by-step experience of a US expat applying for the Long-Term Resident Wealthy Pensioner Visa (LTR-P) in Thailand. Key milestones include creating a BOI account, gathering financial documentation, interacting with insurance providers, and successfully using Tricare health insurance for visa requirements. The expat received approval within 18 days, sharing insights helpful for other veterans and retirees considering similar options.
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James ********
For our members wishing to know More about getting the New 10 year LTR Visa... Please read this post a few days ago.

It has all the details.

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Richard *********
Good information thanks for sharing

I just arrived Chiang Mai yesterday and on Greenbus now heading to Chiang Rai.

I was looking into the retirement visa, but thought impossible because could not open Thai bank account etc.

I paid the $200 and have the 60 days which I can work into about 9 months while I look retirement visa while in Thailand.
Marty *********
Wow ๐Ÿ˜ฎ Congratulations. It took me 93 days to get approved for my pensioner LTR
Cliff *********
Congratulations on your rapid acceptance.

I am curious to know if Tri-Care will pay for your medical care while in Thailand and how you obtain authorization for services.

I am a physician in Los Angeles and have quite a few Tri-Care patients.
James ********
@Cliff ********
you may wish to ask this American Military Retiree Marty Laves.

He has Tri-Care and lives in N Thailand with his Thai wife
@https://www.facebook.com/m***************************
James ********
@Cliff ********
Sorry Doctor, but this is a Thai Visa Advice forum...

I allowed the discussion of the acceptance of TRI Care as a new factor for those needing to provide proof of insurance for the new LTR Visa.

Not how to obtain Tri-Care health insurance benefits in Thailand.

May I suggest you ask a VFW Veterans of Foreign Wars Service Officer those questions. There are several VFW Posts active in Thailand.
James ********
For other's interested in the New 10 year LTR Visa ..

I have placed the TOPIC of the LTR Visa on this post.

CLICK on it and all posts about it will pop up to read
James ********
Thank you for your detailed post about your 10 year LTR Visa application and approval.

It's good news to learn that you were able to get your US military Tri-Care health insurance accepted by the BOI Board of Investment in Thailand for the LTR Visa health insurance.

The denial letter from the Thai insurer may have been a key factor.

BUT then again I know of disabled US military Retirees which have obtained approval for the Non O Visa... When required in prior COVID years to enter Thailand.

And even now, with the New heath insurance requirements for the OA visa for retirement, there are options for using either a foreign insurance company or Thai insurers to meet the requirements for the OA and OX visa... And now for the New LTR Visa.
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