Within the frequency range 10…106 Hz, the frequency dependences of the real (ε') and imaginary (ε") components of the complex dielectric permittivity of medical thermal indicators based on polyvinyl acetate and mixtures of cholesteric liquid crystals have been studied. In them, the selective reflection of electromagnetic waves visible to the human eye occurs at normal (36.6 °C) and elevated (38.2 °C) human body temperatures. Being based on the comparison of the ε' frequency dependences for the studied in this work dispersions of nematic liquid crystals prepared using the same technology and with the same polymer, it has been shown that, already on the basis of analysis of frequency dependences for ε', it is possible to ascertain the difference in characteristics for two types of thermal indicators. From the comparison of frequency dependences for ε", the main reasons of a difference between dielectric properties of the investigated medical thermal indicators for various temperatures of a human body have been ascertained.