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Could Thai Immigration Add Insurance As A Requirement For O Retirement Visas?
Transcript of the above video:
I thought of making this video after two things happened. One was I thought of making it after reading an excerpt from an article in the Pattaya Mail, that is pattayamail.com, the article is titled: Tourist Insurance scheme excludes expats. As the thrust of that article goes a different direction, I am going to quote a small excerpt, quoting directly: "All foreigners in Thailand should purchase comprehensive medical insurance or self-insure with at least 3 million Baht or US$100,000 in reserve." 100,000 US$ in reserve. So I thought of making this video partly because I was reading that and it was talking about insurance and again I urge those who are watching this video, go check out that article in detail to get some more insight into what's going on in that article.
Also I have had a couple of emails in the last week where somebody, yet again I forget that I have done a lot of videos and I have things that are sort of out there in the ether of the internet but not everybody sees the older ones so sometimes I have to do these videos, they are kind of like a redux if you will, kind of reviewing what we have gone over in the past. But long story short, I have gotten these two emails especially in the past about a week or so, and it looks like people don't understand that there is a differentiation in insurance requirements associated with the O and the O-A Visa. So to go over that again, yeah O Retirement Visas do not have a medical insurance requirement as of the time of this video; O-A Retirement Visas do. Now I have gone into great detail in prior videos on that. If you really want to look that up, you can go over to the resources section of our website, legal.co.th, and just type in Medical Insurance and you are going to get a ton of videos I have done talking about that in a Retirement Visa context.
Bringing this back again, could Thai Immigration impose medical insurance on O retirees, those holding an O Retirement Visa? Yeah they could in theory. Do I think that that is going to happen? As I have discussed in other videos I think it is highly unlikely for a variety of different reasons I have discussed in the past, I think it is very unlikely that that will be made a mandatory requirement if you will. That said, it remains to be seen; it is impossible to protect the future with 100% certainty, but in my opinion I don't think it is overly likely that we are going to see Insurance be added as a requirement for O Retirement Visas.