Transcript of the above video:

As the title of this video suggests, we are discussing Thai Retirement Visas and insurance. I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: City Hall pluses and minuses at heart of Pattaya expat assessments. I urge those who are watching this video, the thrust of that article goes a very different direction from what we are talking about in this video. Those who are interested, I urge them to go check out that article in detail; I am going to quote a small excerpt.  Quoting directly: "Already 3 million Baht in cover or an equivalent sum in available cash is a technical requirement for O-A Retirement Extensions and the new 10-year Long-Term Resident Visa." 

So again, as noted in prior videos, 3 million Baht which is $100,000 in medical coverage or 3 million Baht just in a lump sum in a bank account, is now presently required in association with an O-A Retirement Visa or a so-called Long-Term Resident Visa. We have done another video contemporaneously with this one where we discuss that but again Long-Term Resident Visa is kind of a misnomer; they are not a Resident Visa it's just kind of like a long Visa but it does have this insurance requirement as well. The thrust of this video talking about Retirement Visas, yes the O-A category one of the requirements is the insurance component. As we have discussed in other videos, this should not be confused with the O Retirement Visa which at present does not have this insurance requirement associated with it. But those who are looking to get an O-A Retirement Visa to come to Thailand, retire here and then presumably live here full-time via extension of status, again yes this insurance is a requirement. Do I see that changing any time in the near future? No. In fact if you go back a couple years ago when the insurance requirement was first put in, it wasn't to the level, the threshold of 3 million Baht we currently have. In fact that was increased as time went on so if anything, I would say the possibility of changes in the insurance requirement in the O-A context probably would be toward going upward rather than going downward. So the thing to take away from this video is yes, insurance remains a requirement associated with the O-A Retirement Visa.