Ready2Retire

Thank you for the information. It looks like that answers my question about getting insurance far ahead of moving over, pretty much a no. I am concerned about no coverage for over 75 years of age, is that normal? What happens when you turn 75 in Thailand, are you pretty much on your own? That's scary unless you have a good support network. In doing a search online, I saw many references to Mister Prakan which is an insurance broker so I used their quote function. The cheapest quote for a 57 year old for Pacific Cross was 14,670 baht. Following are what is covered: Worldwide coverage excluding USA No deductible Maximum coverage 270,000/year per disability Personal accident, 100,000 No outpatient Inpatient, multiple benefits including room and board, 2000 baht/day max 45 days. Intensive and coronary care room and board, 4000 baht/day max 15 days, Surgical fee 200,000 No dental/vision No maternity Fully indemnified for medical evacuation/repatriation If you want outpatient benefits 1000 baht/visit, then it increases to 18,377 baht per year. However, that 270,000 year doesn't seem that much considering the Thai government raised their yearly benefit for those on the social security scheme to 1 million baht. If you increase coverage to 3 million baht, then the yearly premimum for Pacific Cross goes to around 47,083 baht per year or around $1569 USD/year. As with anything in life it's a gamble I think in how much coverage you think you may need.

Thank you, yes I figure that it's not going to be a huge difference in cost if I wait for a few more years. If I get one will definitely exclude USA coverage, and will probably have to scale back some features to lower the cost. I'm doing pretty okay healthwise and I think moving to Thailand will actually improve things because I will be a lot more active and watch my diet better. I hope never to need assisted living but seeing how my dad is very old and has no means to finance long term care spooks me. If something should happen in the future and I have to move back hopefully by then Medicare will be in effect. But not having long term care insurance as a backup can be scary. But my ultimate plan is to move to Thailand and never look back. Hiring a private caregiver also seems like a good and more cheaper option. Thank you for the link. Those prices for the private bedroom are reasonable, at least when you compare it to back home. Definitely an option should it be needed. Thank you for the information. A Fed or State job is an interesting possibility if the option is there. I'll have to look into it. I was in the military as well not retired but will also look into that. Thank you for the video it was very informative. He chose Pacific Cross. I got an estimate for Pacific Cross with reasonable coverage and for late 50's the yearly cost was only around $500 a year, but at age 67 it skyrockets to $2800 a year.

Hi everyone nice to meet you first time poster here from America. My ultimate future goal is to move to Thailand long term preferably Chiang Mai area for cost and also natural beauty. And yes I have visited that area several times. My plan is to work as much as I can for a few more years until I hit my late 50's. Slowly but surely my body is failing me and I realistically cannot last long enough to collect social security at 62 years of age. I did the numbers and I should have enough saved and invested to last me until then. I am starting to do more research on Thailand expats. One huge must for me is to have some form of medical insurance in Thailand. Even if it was not mandated by law I have seen too many horror stories of what could happen without it. Since it is not an insignificant expense, my question is would you guys start getting such insurance a few years before actually settling in Thailand? As insurance costs get more expensive the older you get would it not be advantageous to start earlier if possible or is that money lost? Also, what if for some reason you have to go back to your home country? In my case, Medicare does not kick in until three months after you turn 65. And what about long term care insurance in the event you have to go back home and you need help? My hope is that I can find some LTC facility in Thailand to live the rest of my days out. Thank you for your ideas.