Showing posts with label #Retirement. Show all posts
Showing posts with label #Retirement. Show all posts

Tuesday 11 January 2022

Thailand Named #1 Destination in Asia for Global Retirees


BANGKOK (NNT) - Internationalliving.com has ranked Thailand the best destination in Asia and the 11th best in the world in its 2022 global retirement index.

According to the website, the rankings and indices are based on various factors including the cost of living, food, medical cost, visa convenience, weather, things to do, tradition, and culture.

The website said Thailand has always been popular among retirees from around the world because the country does not offer only beaches and other beautiful natural attractions but also convenient places as well as friendly locals.

Bangkok, Chiang Mai, and Hua Hin of Prachuap Khirikhan are the top 3 cities among retirees. Foreigners can choose to live for different costs of living starting from 1,000 US dollars or around 33,000 baht per month.

Thailand is also well-known for its affordable and high-quality healthcare which is one of the first things retirees seek for healthy and secure living after retirement, while applying for and obtaining a long-stay visa is also easy and fast.

Meanwhile, this year’s top 10 countries for retirement are Panama, Costa Ri
ca, Mexico, Portugal, Ecuador, Colombia, France, Malta, Spain, and Uruguay.

Source - ASIAN NOW

VISA AGENT  /  How to register for: THAI PASS

Friday 5 November 2021

Thailand - Elderly expats dazed and confused over insurance, ‘retirement visas’ and COVID


A new policy concerning insurance for so called ‘retirement visas’, as well as the requirements needed for anyone entering Thailand have sparked concern, confusion and even panic amongst elderly expats.

A recent article by the Pattaya Mail revealed how some older expats now felt “trapped” in Thailand due to new rules recently rolled out by the Ministry of Foreign Affairs.

The new rules which are in accordance with the Thailand Pass system, launched on November 1, state that foreigners who enter Thailand need to provide health insurance with a minimum treatment coverage of 50,000 USD or equivalent in any other currencies.

The concerns raised by the expats who spoke to the Pattaya Mail are that if they were to leave Thailand and visit their home country, they would have difficulty meeting the insurance requirements needed for them to re-enter the country.

The concern mainly comes from elderly expats who due to their age or having pre-existing health conditions means that obtaining insurance is at best expensive or at worst impossible.

For others, they simply can not afford to purchase the insurance one currently needs to visit Thailand.

Pattaya Mail’s article raises some valid points, particularly for elderly expats who wish to return home to visit friends and relatives, which for many has not been possible for almost two years.

However, a short time after the article was published online, a thread started on ASEAN NOW, the comments of which highlighted the confusion among some expats regarding a number of issues related to insurance for so-called ‘retirement visas’ and the current requirements for people wishing to enter Thailand.

Non-Immigrant “O-A” visa vs Non Immigrant O extension

The confusion is predominantly caused by a separate change to the policy for anyone wishing to apply for a Non-Immigrant “O-A” visa.

Non-Immigrant “O-A” visas are available to people aged over 50 who wish to stay in Thailand for 1 year.

Since October 1, applicants are required to have health insurance which offers minimum coverage up to 3 million baht for inpatient care.

However, it is important to note that this requirement only applies to O-A visas.

Most expats in Thailand will have a Non Immigrant O extension, which is normally based on ‘retirement’, which is granted to those aged over 50.

One of the main differences between an O-A visa and Non-Imm O extension is that Non Immigrant O extensions are obtained from an immigration office within Thailand.

A Non-Immigrant “O-A” Visa is obtained by applying at a Thai embassy or consulate overseas.

However, confusion occurs as both the Non Immigrant O and Non-Immigrant “O-A” are often and incorrectly referred to as ‘retirement visas’ – which is used as a kind of catch-all term for both, by everyone from expats to immigration officials themselves.

But when a change in policy specifically applies to one and not the other it is important that people understand the differences between the two.

There is currently no requirement for anyone on a Non Immigrant O extension to have health insurance - apart from if they wish to re-enter Thailand, which is a requirement for all foreigners, regardless of their visa status.

However, those with a work permit can show a valid social security card or certified letter from their employer.

Whether the requirement will be introduced at some point in the future is impossible to say and any mention of such is pure speculation at this stage.

Thailand Pass and insurance

What is also not known is how long the Thailand Pass system - and consequently - the mandatory insurance for foreigners entering Thailand will be required.

While the Thai authorities have previously revealed the issue that unpaid medical bills from uninsured foreign tourists have on the Thai health care system (and state coffers), if the current insurance requirement was to be implemented long term it could potentially put off millions of foereign tourists from visiting Thailand altogether.


 Source - ASIAN NOW


VISA AGENT  /  How to register for: THAI PASS

.

Monday 4 February 2019

#Thailand - A third of expats may have to leave – Survey on new ‘retirement’ visa extension


Thailand’s farang forum, Thaivisa, has conducted two unofficial polls that indicate that many expats will be calling it quits and leaving the Kingdom. The polls are a response from the affected ThaiVisa audience, not indicative of the total expat population living in Thailand.

The polls have been undertaken in the wake of new regulations issued by Thai immigration requiring retirees to lodge money for several months in a Thai bank account.

The unofficial polls report that, while nearly half of those on the Facebook poll say they would be leaving, nearly 70% on the website pages say they expected to “ride out the storm”.

On the ThaiVisa website the question was asked… “Will the new financial requirements force you to leave?”

• 7.9% said Yes

• 22.72% said it would seriously jeopardise their stay

• 69.38% said they would not have to leave

On their Facebook page, a similar question was more clear cut. Asked if the tough new financial requirements for retirement extensions (visas) would force people to leave:

• 49% said Yes

• 51% said No

On the website forum 461 people responded to the survey. On their Facebook page, 968 people responded.

Some opined (grammar and spelling corrected)…

“It does appear that this administration, and especially the biggest joke, are trying to do everything in their power to discourage expats from staying here.”

“To call them ignorant, fearful, xenophobic, non-visionary, and misguided would be a vast understatement. Biggest Joke said he would make things easier and simpler. He is doing just the opposite, and barely even disguising his contempt for foreigners.”

“He is the single biggest threat to the expat community right now.”

“One can only hope that, come election time, all of this nonsense will be over, and both Prayuth and especially the biggest joke, will be sent out to pasture for the rest of their lives.”

“These new rules will hurt the Thai economy if almost half leave unless they change to a spousal visa if they are married of course.”

“The Thai Baht is another major factor in how people can survive here and only the Government can step in and bring it back out of its inflated state which will also improve exports as we all know the weaker the baht the more other countries can import just common sense instead of greed .”

“I will take a wait and see approach before cashing in my chips here in Chiang Mai.”

“One week it’s a new set of financial criteria, the next week it’s something different. I tend to agree that Thai Government Officials simply don’t want us here on a long term basis so they go about putting these ridiculous impediments in our way.”

SOURCE: ThaiVisa
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https://www.hotelscombined.com/?a_aid=145054
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Monday 9 February 2015

Retirement


On everything comes an end.
So also on working time.
When I count all my working hours in my life, I must already be over 100 years.
But it is now time to stop. (slowly)
I was in 2014 already very busy with all the documents for my retirement.
To become all this papers and connections that all not match. (give a lot of stress)
Now I go do a big step back and go more relax and enjoy my life.
I want spend more time on traveling (hobby) and on advice.
I want give over my knowledge on people the it really appreciated.

I been used the last years through different wrong people.
We live in a dangerous time, we must think twice, for we go trust someone.
I fell in Phuket in a trap, of an Idiot. (2011-2012)
I lose there my company, belongings and my dignity.

This Dutch Idiot is/was broke and write poems to become more victims. (Brainwashing)
I want really warning you for this sort of very dangerous Idiots.

I have lose with this experience the confident in people. (Never has that before)

You can still contact me.
Same I write before, "I'm the most social guy of the planet".
I'm still your friend, and always be there when you need my help.

After when you want visit me, I give you my address in Cambodia.

  
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