Low cost health insurance

BIB offers 3 solutions:

Application ages 50 to 70 years old – Thai Health Insurance Maxi Healthy insurance

Application ages 50 to 75 years old – LMG Long Stay health insurance

The primary benefits offered by these health insurances:

1. You will never be cheated by the hospital because the insurance company manages the medical costs (If you call the insurance company in advance of the treatment).
2. You will never be overcharged because the insurance company knows the standard prices at all hospitals. Insurance companies have a large database of hospitals, they know exactly what standard medical procedures cost at all hospitals around Thailand.
3. The insurance company will give you choices of hospitals to help you save money on all claims. Not all hospitals charge he same prices. Insurance companies know where you can save money.
   

All health insurances cover Covid-19 hospital treatment expenses.

New health insurance policies cover Covid-19 hospital treatment after 30 days.

There are hundreds of health insurances to choose from.

If you are 20 or 30 or 40 or 50 old years still have a wide range of choices for private health insurance.

There are hundreds of different health insurances to choose from………….if you have a big budget.

There are very few health insurances to choose from………………..if you are over 60 years old and have a limited budget.

Thai Health Insurance Maxi Healthy insurance:

      The highest cover for the lowest cost.

• The most economic plan cost less than 400 Baht/month (age 60 years)
• Accepting applications to age 70 and policy renewal to age 85 years
• Mid-range cover costs less than 1,000 Baht/month (age 60 years)
• The most expensive plan is less than 2,000 Baht/month (age 60 years)
• This insurance is covers hospital costs at 1,400 hospitals around Thailand.

Plan name          Limit per year       Deductible         Daily room/food limit

• MC1500        150,000 Baht        15,000 Baht       1,500 Baht
• MC2000        200,000 Baht        20,000 Baht       2,000 Baht
• MC3000        300,000 Baht        30,000 Baht       3,000 Baht
• MC4000        400,000 Baht        40,000 Baht       4,000 Baht
• MC6000        600,000 Baht        60,000 Baht       6,000 Baht
• MC12000   1,200,000 Baht      120,000 Baht     12,000 Baht

Maxi Healthy plans pay 90% of the hospital charges above the deductible.

For example:

1. You are insured with the MC6000 Maxi Healthy plan
2. You are 60 years old, your annual premium is 16,280 Baht
3. You pay your total hospital bill 500,000 Baht.
4. You are responsible for the deductible = 60,000 Baht.
5. Thai Health’s share is 90% of the balance = 500,000 – 60,000 = 440,000
6. Your share is 10% of the balance = 44,000 Baht.
7. Thai Health pays 440,000 x 90% = 396,000 Baht
8. Your share of the total is 60,000 + 44,000 = 104,000 Baht.
9. You paid the hospital 104,000 Baht.
10. Thai Health paid the hospital 396,000 Baht.

LMG Individual Long Stay health insurance

Offers low-cost cover accepting applications to age 75 and renewal to 100 years.

Plan name     Limit per year            OPD cover       Daily room/food limit   Deductible per claim

• Plan 1   3,500,000 Baht           60,000 Baht               5,000 Baht                    300,000 Baht
• Plan 2   3,500,000 Baht           60,000 Baht               5,000 Baht                    500,000 Baht
• Plan 3   3,500,000 Baht           60,000 Baht               5,000 Baht                 1,000,000 Baht

This insurance will help to pay most of the hospital bills due to accident or sickness.

For example:

1. You are insured with Plan 1
2. You are 70 years old, your annual premium is 37,100 Baht
3. Your total hospital bill is 1,000,000 Baht.
4. Your share of the hospital bill is 300,000 Baht.
5. LMG Insurance pays 700,000 Baht of the total.