Insurance in Thailand Doesn’t Have to Be Complicated
As with most other countries, Thailand offers many options when it comes to health insurance. Whether you choose a personal policy or one that is associated with your employer, there are pros and cons to each and it’s best to know those pros and cons before making a final decision. Fortunately, there are now numerous websites that go into great detail on all of your options, allowing you to study them at your leisure so you can decide for yourself which one will best meet your needs.
The Good and the Bad
If you choose a private health insurance policy, you have three main advantages over choosing employer-sponsored health plans, such as:
- You have full control over the type of coverage you get.
- You don’t have to worry about losing the insurance just because you quit your job.
- You’ll eventually get a lifetime renewal guarantee option, which protects you from then on.
Private health insurance policies, however, do provide some disadvantages. For one thing, there is no employer to pay some or all of the costs associated with the policies, which means that you have to pay for them yourself. Not only is therefore more expensive but there also tends to be more paperwork associated with this type of policy, which many people hate. You also have to do the research yourself because, again, there is no employer doing part of the work for you. Because of these things, many people choose not to opt for a private health insurance plan.
Employer-Sponsored Health Insurance
Finding the best health insurance in Thailand depends on your specific needs and your personal preferences. There are advantages associated with an employer-sponsored health plan as well. For instance, a health insurance policy associated with your employer offers:
- Coverage for most pre-existing conditions
- A much lower cost because the premiums are paid by the employer
- Coverage for some routine healthcare needs as well as some dental problems
Since the employer is essentially responsible for the plan, they do all of the research when finding the right insurance company so you save both time and money with this option. However, all is not perfect with these plans because you cannot customize your coverage so that all of your medical needs are met. In addition, losing or quitting your job is always worrisome because you’ll lose your insurance coverage as well when this happens.
When it comes to choosing the right type of insurance coverage, doing your due diligence is important because in order to make the right decision in the end, you have to research the various options and discover the pros and cons to each. Only then are you able to find the coverage that perfectly meets your needs so you don’t have to worry much about what you’ll do if you need any type of medical care in the future. Health insurance isn’t complicated once you decide what your basic needs are but regardless of which one you choose after your research is complete, it feels good to know you have the right coverage that promises to take good care of you from now on.