Connect with us

The Expat Health Insurance Scarcity in Thailand

Bangkok

The Expat Health Insurance Scarcity in Thailand

Ever found yourself looking for a needle in a haystack? You’ve heard it’s out there somewhere, you have no idea where to begin though, and you’ve only got a general idea of what it actually looks like… If you’re a foreigner living and working in Thailand and you’ve tried to find suitable and affordable insurance options, you’ll sympathize with this scenario. You know it exists, the notion of insurance is not a new concept to the world, but no package fits quite right.

It would be nice to look to your employer to help you out in this kind of situation, right? Except… Many companies, both Western and Thai who hire in the country, only provide employee benefits that work in line with the Social Security Fund under Thai law. Firstly though, you must contribute for a minimum of three months before you can avail yourself of “free medical care” and even that is only for certain registered hospitals. Secondly, only limited personal health insurance is included as part of the Social Security program. For many expats living and working in Thailand, this coverage is insufficient for potential needs. More comprehensive insurance packages aren’t even on many business’ radar as an appropriate employee benefit.

Decent expat insurance in Thailand can practically become a luxury purchase. Bupa Global, Cigna Global, and integraGlobal (for example) seem largely aimed at above average pay brackets. Which makes health coverage inaccessible for those earning hourly working salaries. Affordable health insurance is not always an option, and if you can afford it, it can be a heavily bureaucratic ordeal to wade through.

But wait. There are public health facilities in Thailand, right? And yes, it’s true. It’s possible to get decent medical services without insurance, but such government-funded hospitals are typically crowded, which means waiting times can be long. Plus, the best doctors tend to practice in private hospitals rather than public facilities. Government hospitals also tend to lack the latest medications and be manned by doctors and nurses fresh from university too.

So, we’re back to hunting for that needle in a haystack that is appropriate coverage for your circumstances. Travel insurance only tends to work for a limited amount of time, and typically your origin country needs to be your dominant address for liable cover. So, no good if you’re actually living and working in Thailand full time. Many foreigners recognize that Social Security, if they’re lucky enough to even have this as a baseline, just isn’t going to cut it long-term. Moreover, aside from worry-free surgeries, having appropriate insurance removes half the anxiety of going into a hospital. So, what to do?

Well, there’s a new option on the market. Recognizing that a large portion of its audience is missing out on options in this space, specially licensed non-bank entity DeeMoney has teamed up with AXA Thailand to offer registered members one month of free coverage when they make a minimum transfer once a month—talk about effortless! DeeMoney is intent on not only providing a cost-effective and streamlined money transfer experience but strive to provide additional benefits too which will make members’ journeys all the more rewarding. This is yet another initiative implemented by DeeMoney to demonstrate its ‘customer first’ value. The programme is aptly called, “More care with every transfer.”

The free cover will commence on the 1st of the month following your initial transfer. So, if you take advantage of DeeMoney to make repeat monthly salary remittance transactions above 50,000 THB, you can gain ongoing coverage for a principal sum of up to 50,000 THB if you are in an accident. The coverage reduces to 25,000 THB if the accident is a result of driving or traveling as a passenger on a motorbike. If you transfer less than 50,000 THB baht (cumulatively), you will still receive a principal sum of 25,000 THB if you are in an accident and 12,500 THB for any motorbike-related incidents.

The expression, “health is the greatest wealth,” is more important than ever in today’s fast-paced world. The truth of the matter is though that we also like options for our monetary wealth too! And moving money globally has never been so important in Thailand—especially given that the country’s expatriate population numbers between 500,000 and 1 million (in terms of legal estimates only).

DeeMoney is the only non-bank money transfer service provider in Thailand to offer insurance cover to its customers. Insurance is a big expense for foreigners living in Thailand and this partner initiative with AXA Thailand is just one of many additional benefits that DeeMoney has planned for its customers.

Transfer THB to your origin country with DeeMoney to make huge savings on your international salary remittance transactions. Don’t let Thai local banks bleed you for fees of 1,300 THB or more. Pay a single low-cost fee of 150 THB for transactions up to 800,000 THB. Plus, by opting into DeeMoney for FREE insurance coverage when you make an international transfer, you can make your THB do more for you here and there!

To register and start taking advantage of this free coverage underwritten by AXA Insurance PLC, just pop into a DeeMoney branch or sign up here.

Continue Reading

More in Bangkok

Join our newsletter

Events

december, 2019

06feb(feb 6)00:0031dec(dec 31)23:59New Flavours at Trader Vic’s at Anantara Riverside Bangkok ResortChef Manuel Gastelum launches Trader Vic’s new menu for a new year, with an exotic medley of Pacific Rim flavours.

03mar(mar 3)11:3029dec(dec 29)15:30Every Sunday Penthouse Brunch at Park Hyatt BangkokMake Penthouse Brunch the highlight of your Sunday and immerse in a one-of-a-kind brunch experience above the city.

17mar(mar 17)12:0029dec(dec 29)15:00Sunday Brunch at NEXT2 Café, Shangri-La Hotel, BangkokSunday Brunch at NEXT2 Café is packed with wonderful flavors awaiting your indulgence. Enjoy some quality time with your loved ones.

31mar(mar 31)12:3029dec(dec 29)16:00Glamorous Black & White Sunday Brunch at Siam Kempinski Hotel BangkokCome celebrate a leisurely afternoon indulging in gourmet delights, caviar tasting, Blanc de Blancs champagne and smooth jazz at Brasserie Europa one of Bangkok’s best brunch places.

14apr(apr 14)12:0005jan(jan 5)15:30Gourmet Sunday Brunch with Unlimited Lobster at The Athenee Hotel, a Luxury Collection Hotel, BangkokA special seafood selection sumptuous spring vegetable salads, splendid carvery, plus grills, foie gras and more live stations, enhance the array.

18apr(apr 18)18:3026dec(dec 26)22:30Along the Silk Road Night at Shangri-La Hotel, BangkokTake the venture along the Silk Road on every Thursday night at Shangri-La Hotel, Bangkok’s NEXT2 Café.

20jun(jun 20)11:2530dec(dec 30)23:59Green Tea Detox at Anantara Spa Anantara Riverside Bangkok ResortAt Anantara Riverside Bangkok Resort’s award-winning spa, we draw on the powers of nature to rejuvenate. Green tea is known for its soothing properties for both body and mind. Polyphenols reduce inflammation, caffeine stimulates circulation, and antioxidants slow down the natural ageing process.

21nov(nov 21)07:0015jan(jan 15)21:00The Perfect Christmas Gift with Landmark HampersEnjoy your own five-star Christmas at home this year with one of the Landmark Bangkok’s luxury Hampers

28nov(nov 28)10:0027dec(dec 27)18:00Souls under the Lace at Pathumwan Princess HotelPathumwan Princess Hotel is proud to announce its hosting of a major Art Exhibition, commencing 28 th November.

29nov(nov 29)12:0010dec(dec 10)22:00The 36th Thailand International Motor Expo 2019 at Impact Arena“The 36th Thailand International Motor Expo 2019”, reveals that the annual event is held this year under the theme concept of “Ride and Drive Together Now”

06dec(dec 6)16:0008(dec 8)23:30808 Festival 2019 at BITEC B-SquareCalvin Harris Skrillex Zedd Dyro Generik Sunnery James & Ryan Marciano

07decalldayDip and Drink at amBar Pool Party!WHAT'S ONDip and Drink at amBar Pool Party! – 7 December 2019 ByvadimPublished on November 18, 2019 SHARETWEET It’s never too late to party! Don’t miss out on ‘amBar Pool Party December Session’, the last pool party this year. Mark off your calendar for the best pool party in Bangkok on Saturday 7th December 2019 from 2 PM – 8 PM at amBar Bangkok, located on the 8th floor of Four Points by Sheraton Bangkok, Sukhumvit 15.

07dec15:0017:00Christmas Crafts At The Giant Gingerbread House at The Athenee Hotel, a Luxury Collection Hotel, BangkokGOOD NEWS!! Happening on Saturday December 7th!! The Giant Gingerbread House is back at the Athenee Hotel this year, with alot of extra goodies!!

12dec18:0022:00Tropical Christmas Party at The Blue ParrotThis year’s theme is “Tropical Christmas”. Prepare your best Tropicana shirt and colourful shorts as the best costume will receive a prize!

12dec18:3022:00TICC Christmas Charity Gala Dinner at Shangri-La Hotel, BangkokThe Thai-Italian Chamber of Commerce is delighted to announce the “Christmas Charity Dinner 2019″ which will take place on December 12, 2019 at Shangri-La Hotel, Bangkok.

13dec(dec 13)10:0015(dec 15)15:00Jim Thompson Grand Sale 2019 at Bitec Bangna Hall 106Enjoy the best outlet deals from womenswear, bags, scarves, accessories, menswear, kidswear, home decor as well as Jim Thompson Farm products

15dec14:0018:00Christmas Market at Blue Parrot BangkokJoin us in family to celebrate Christmas time !

24decalldayFestive Christmas at Eat Drink Love Bistro The Park Nine Suvarnabhumi

24decalldayChristmas Eve – A Winter Wonderland at Ramada Plaza by Wyndham Bangkok Menam Riverside’s Waterfront PromenadeCelebrate your ‘White Christmas’ at our Ramada Plaza by Wyndham Bangkok Menam Riverside’s Waterfront Promenade, Tuesday, 24th December 201

24dec(dec 24)18:0025(dec 25)15:00Christmas Promotions 2019 at Holiday Inn Bangkok SukhumvitAt Holiday Inn Bangkok Sukhumvit, you can experience this Christmas celebration in our Christmas Promotions with the extraordinary highlights of traditional Christmas delights including Turkey and Ham Carving and moreover, Sumptuous Seafood buffet of Oysters, Black Mussels, Rock Lobsters and grilled River Prawns.

24dec(dec 24)18:0031(dec 31)23:00Festive Celebration at the Kitchen Table, W BangkokCelebrate the season in style this Christmas and New Year’s Eve at W Bangkok

25decalldayCelebrate Christmas 2019 at The Irish Pub Bangkok Four Points by Sheraton BangkokChristmas is such a joyful time of the year. It makes strolling through the busy street of Bangkok much more pleasant, with festive decorations, fairly lights, and Christmas jingle playing in the background. It is a time to show people how much you appreciate them through thoughtful gifts, meaningful time, and delicious dinner.

25decalldayChristmas Roast Buffet at The Kiwi PubThe Festive Season is fast approaching with Christmas parties just around the corner! So come get into the mood with the cozy atmosphere of Scruffy Murphy’s Irish Pub, and enjoy a hearty, home-style dinner with friends & loved-ones!

25decalldayChristmas Party at Scruffy Murphy’s

25decalldayChristmas at The Clubhouse Sports Bar & Grill

Trending

Sponsor

To Top
X