Selecting health insurance can be daunting, particularly for expats unfamiliar with the Thai system.
To help simplify the process, Mr. Thanakrit Ongjiranon, better known as Tom, a financial advisor and AIA insurance agent, offers his expertise on key considerations.
Tom advises expats on how to select the right policy, avoid common mistakes, and manage pre-existing conditions, with an emphasis on transparency and long-term financial planning.
Tom shared practical advice, highlighting the importance of choosing policies suited to individual needs, accounting for premium affordability, and understanding how age and medical inflation may affect coverage. He also stressed the value of working with experienced agents who can provide reliable support when it matters most.
Below is a recent Q&A with Tom, addressing key aspects of health insurance and offering insights into making informed decisions in Thailand.
1. What are the most important factors people should consider when choosing a health insurance plan in Thailand?
When choosing health insurance, you should consider the following:
- Policy suitability: Choose a plan that meets your needs, including access to hospitals you expect to visit, especially in emergencies.
- Premium affordability: Assess the premiums you’ll need to pay in the future and select a plan that fits your long-term financial planning.
- Medical inflation: Take into account the rising costs of hospital care in the future and how the policy will cover inflation.
- Insurance provider: Select a reputable, stable company with a wide network of hospitals and knowledgeable, professional agents who can guide you.
2. What common mistakes do foreigners and expatriates make when purchasing health insurance in Thailand?
- One of the most common issues faced by foreigners is a lack of understanding of the insurance system in Thailand. Many times, policyholders fail to disclose or withhold significant health information, leading to future complications. A frequent problem we hear about is claims not being paid as per the agreement due to these non-disclosures.
3. What should people do if they want insurance but have pre-existing conditions?
- Every policyholder should disclose their health information in detail, as a health insurance contract is based on utmost good faith. If everything is done correctly from the beginning, making a claim should not be an issue.
4. How does age impact the type of health insurance coverage someone should consider?
- The age for insurance coverage is clearly specified by the company, including the maximum age for new policies and renewals. The first thing to understand is that insurers may not cover pre-existing conditions. In some cases, premiums may increase if the company takes on higher risks due to existing conditions. However, if the condition can be fully cured, you may be able to regain coverage in the future and pay normal premiums once the condition is resolved.
5. Are there any specific types of coverage that you would recommend foreigners prioritise in their health insurance plans?
- The first priority is choosing a comprehensive health insurance plan that covers medical expenses, as Thailand is considered a Medical Hub with world-class medical technology and professionals. However, this comes with high medical costs.
- Secondly, don’t focus only on the cheapest premium. The lowest-cost plan may not meet your needs when you actually require treatment.
- Finally, look for a knowledgeable and reliable agent who can be reached in emergencies. The agent’s expertise is a valuable asset to every customer.
If you have questions or need personalised assistance with health insurance in Thailand, contact Tom directly below.
With his experience and professional insight, Tom is ready to help you find the right coverage for your needs and secure peace of mind for the future.
Contact Tom today on:
Line: aiaexpatinsurance
WhatsApp: AIA Expat Insurance
Email: aia.expat.insurance@gmail.com
Facebook: facebook.com/aiainsurancebytom/
