Personal tax-excellent health insurance is a new policy jointly issued by the Ministry of Finance, State Taxation Administration of The People's Republic of China and China Insurance Regulatory Commission last year, which encourages people to apply for health insurance by calculating relevant insurance premiums before tax, that is, the expenses of individuals purchasing qualified health insurance products will be deducted before personal income tax according to the limit standard of 2,400 yuan/year. To put it simply, the current threshold for personal income tax is 3500 yuan. If the premium for purchasing commercial health insurance reaches 2,400 yuan, the personal income tax threshold will be raised to 3,700 yuan.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.