Corporate health insurance policies
We got a question from a client about corporate health insurance policies. Thailand has Social Security system. The employer is required to deduct 5% (maximum Baht 750) from the employee’s salary and match the amount from their pocket and submit it to the Social Security Office. Social Security covers free medical treatment for most diseases at the hospital the employee chooses when he first joins the employer. Most companies in Thailand do not offer health insurance for their employees. However, some big companies do and they seem to be attractive employers to the job seekers.
In summary, it is not compulsory to purchase health insurance policies for your employees. Read more on Social Security and Workmen’s Compensation in Thailand.