1. The Three Parts of an Insurance Policy Every policy has three main components for the consumer: Premium: The monthly cost to have the insurance. Payout: How claims are paid (deductibles, coinsurance, etc.). This is the focus of “Plan Design.” Fine Print: The specific details of what is and isn’t covered. 2. Plan Design Types … Read more
1. Defining Insurance & Risk Definition: Insurance is defined as the transfer of risk. Risk: The potential for loss (loss of life, health, or property). 5 Ways to Handle Risk: Avoid: Not practical (life has inherent risks). Reduce: Taking precautions (e.g., driving safely, healthy lifestyle). Retain: Self-insuring (paying for losses out of pocket). Transfer: The … Read more
1. Core Message: You Have Options Many people stay in jobs they dislike solely for health insurance, fearing individual coverage is unaffordable or impossible to get. The video debunks this, stating there are multiple viable paths for individuals and families to get covered, often more affordably than expected. 2. Main Health Insurance Options Marketplace Plans … Read more
Why Get Health Insurance in Thailand? Visa Requirement: Specific visas require it, such as the Non-OA Retirement Visa, Non-OX, and LTR (Long Term Resident) visas. Note: The popular Non-O Retirement Visa technically does not require insurance if applying within Thailand, but some embassies abroad (e.g., London, LA) might add it as a requirement. Visas with … Read more