What we know:

All retirement visas are inherently the same as they are all issued pursuant to Section 34 (15) of the Thai Immigration Act. The only significant difference between the O and O-A visas is their place of application, and the fact that the O-A visa holders were required to have 3M THB in health insurance, effective Oct 1, 2021.

- Visa changes are in the process of being made (confirmed)
- Programs established for attracting wealthy retiree's (confirmed)
- Financial income requirements for Long Stays to be increased (highly probable)
- Insurance policies for expats > 70 y/o fully developed and available for purchase (confirmed)
- Health insurance mandate standardized across all Long Stay visa classifications (possible)
- Visa classification restructuring, i.e., streamlined, simplified, updated, gaps closed (probable)
- Grandfather clause for income requirements similar to 1998/2003 revisions (possible)
- Continuous extension provisions established to quality for Grandfathering (possible)

What we can assume from what we know:

- Changes will be introduced sometime in 2022 (probable)
- All retirees with Long Stay visas will be required to have health insurance (3M THB) (possible)
- Retirees who have >2 yrs continuous extensions, with no interruptions, classification changes, cancellations, or lapses, may be grandfathered from income increase (possible). Ranked "possible" because this is how immigration handled grandfathering to the 2003 revisions.

Note: The financial income requirement for retirees was last changed to 800k baht and 65k baht income in 2003. Marriage was changed from 250k baht and 25k baht income to the 400k baht and 40 baht amounts in the same year. Those who were on continuous extensions of stay based upon retirement in 1998 were grandfathered and the 2003 increase did not apply to them.

Why would it be important to not change your visa classification at this time? Because doing so could potentially be considered a break in your “continuous extensions” as interpreted by Immigration, resulting in your disqualification from being “grandfathered”. This of course is only speculation at this time, but in the event this were to happen, you could potentially be forced to comply with the revised (2022) financial income requirement.

General Visa Stuff:

Thailand has 11 different major visa types as follows:

- Special tourist visa (STV)…not to confused with STD
- Tourist visa (TR)
- Non-immigrant Visa-B (Business)…and MFAS
- Non-immigrant Visa-B (Working)
- Non-immigrant Visa-ED
- Non-immigrant Visa-O-A (Long Stay)
- Non-immigrant Visa O-X (Long Stay)
- Non-immigrant Visa-O (Thai Spouse)
- SMART Visa
- Tourist MT Visa (Medical Treatment)
- Elite Visa

For comparison purposes, the U.S has 31 major visa types, China has 16, Cambodia 6, and Australia with over a hundred. Cambodia is the only country (of the ones mentioned) that actually has a Retirement Visa (ER) for foreign nationals over the age of 55 who are retired and can support themselves financially without working. This 12 month visa can be extended annually.

On a personal note: Cambodia is my Plan B. If Thailand doesn’t get its act together in 2022 - Cambodia may have a new retiree from Chicago and his partner from Thailand moving in. It's not the visa changes that I'm concerned with. I'm concerned with the way expat retirees are treated in general. If Thailand starts treating their internal investors (retirees) with the same level of care and priority as their external investors I'm sure I'd be happy. But that may require miracle.