Do I need health insurance when retiring in Thailand?
It is imperative that you get yourself a decent healthcare plan when retiring in Thailand. For a relatively decent price, you can become fully covered in Thailand. Although when we are younger we do not even think about needing health care, the older we get, the more we understand the need to be fully covered when it comes to health care insurance plans.
Although there are some cheap hospitals in Thailand, they are also cheap in appearance and conditions. If you are in need of a serious operation, we would not advise you to use the local hospitals. International hospitals are more geared to international persons as the name would suggest, but the prices for operations and medical services at international hospitals in Thailand will break your bank account in a millisecond. If you want the best medical services in Thailand, you will have to pay through the nose, which means a health care insurance plan is essential for expat retirees.
How much does health insurance in Thailand cost?
Now we have determined the essential nature of obtaining health insurance when you retire in Thailand, it is important to understand the prices for health insurance packages in the kingdom. Although prices can vary and you pay for what you get, you need to get the best cover you can afford so you can attend the best international hospitals in Thailand and receive preferential treatment.
If we were to give you a ballpark figure on the expected annual payment for basic cover, we would say approximately £1000 per annum, which breaks down to about £83.00 per month. Policies such as Bupa might be a bit cheaper than that but cover less than more reputable insurance plans with companies such as Allianz. It is not uncommon to pay £1500 or even more than that per year for a more comprehensive healthcare plan in Thailand. Here is an example of the average prices you would be expected to pay in Thailand for medical services without a health plan, just so you get an example of the medical prices in Thailand in USD (standard price):
- X-Ray: 25 USD
- Doctors Visit: 15 USD
- Broken Bones: 300 USD (including treatment and plaster cast)
- Serious Surgery: 4000 USD (Such as heart surgery)
- Antibiotics: 15 USD
- Blood Test: 15 USD
- Sexual Health Screen: 150 USD
- MRI Scan: 250 USD
- Outpatient Appointment: 25 USD