Transcript of the above video:

As the title of this video suggests, we are discussing the possibility of new insurance requirements associated with Thai Retirement Visas. Let's be clear, we discussed this fourth quarter last year in 2021. This does not appear to be coming online until October of '22 so folks who are watching this you have got some time to deal with what you need to deal with before this comes online. 

A recent article from the Pattaya Mail, that is pattayamail.com, article is titled: Long stay retirees in Thailand to be allowed to self-insure. "The Thai Ministry of Health has published the details of the October 1 changes to the O-A annual retirement option which raises the level of compulsory hospital inpatient insurance from 400,000 Baht to 3 million Baht or US $100,000." Quoting further: "They apply both to new applications at Thai Embassies abroad and to annual extensions at Thai immigration offices. The minimum age remains 50 years." 

So what does this mean? What we are looking at from October of 2022 should nothing change with respect to these rules coming online, from that point forward a requirement for either extending an O-A Visa in Thailand or applying for one abroad will be a requirement of $100,000 worth of inpatient coverage. Now again, what does this mean as a practical matter? For now not much. Another thing to bear in mind, this is for O-A Visas, O-A Retirement Visas; not O Retirement Visas. So for those who are in O Retirement Visa status you are okay at least for now; nothing is changing with respect to you. New applicants for O-As abroad, you are going to be looking at having to deal with higher insurance in the fourth quarter of 2022. The same goes for O-A extensions in country from October 2022 forward.