The Ministry of Finance, the State Taxation Administration of The People's Republic of China and the China Insurance Regulatory Commission jointly issued a notice recently, and since July 1 this year, the pilot policy of individual income tax for commercial health insurance has been extended to the whole country.
According to the circular, the expenses of individuals purchasing commercial health insurance products that meet the requirements are allowed to be deducted before tax when calculating the taxable income of the current year (month), and the deduction limit is 2,400 yuan/year (200 yuan/month). The cost of purchasing commercial health insurance products that meet the requirements for employees shall be included in the employees' personal wages and salaries, regarded as individual purchases, and deducted according to the above limits. The limit deduction of 2400 yuan/year (200 yuan/month) exceeds the expense deduction standard stipulated in the individual income tax law.
So, which taxpayers can enjoy the preferential tax policies of commercial health insurance? There are mainly two kinds of medical insurance taxpayers and non-medical insurance taxpayers. Specifically, it refers to individuals who receive wages, salaries and continuous labor remuneration, as well as individual industrial and commercial households owners, investors of sole proprietorship enterprises, partners of partnership enterprises and contractors who obtain income from production and operation of individual industrial and commercial households and contracted leasing operations of enterprises and institutions.
It is understood that there are three types of personal health insurance products that meet the requirements of tax policies, which are applicable to: those who are willing to reimburse the medical expenses borne by individuals after reimbursement of public medical care or basic medical insurance; People who are willing to reimburse specific large medical expenses borne by individuals after reimbursement of public medical care or basic medical insurance; Persons who have not participated in free medical care or basic medical insurance and are willing to reimburse medical expenses borne by individuals.
Previously, the pilot areas of personal tax excellent health insurance were 3 1 cities such as Beijing and Shanghai. However, since the pilot, personal tax-excellent health insurance products in many areas have encountered the situation of "applauding but not calling for seats". Due to tax issues, most insurance companies that are allowed to sell products at present conduct business in the form of group insurance. If individuals want to buy, they need to face a series of complicated procedural problems, and even many insurance company staff are not sure how to buy.
However, there are still many people in the industry who are optimistic about this market. Some people in the insurance industry said: "After all, the preferential strength of personal tax excellent health insurance policy is not enough. 200 yuan is included in the monthly allowance, and some taxpayers generally feel that the amount is too small. In turn, it will stimulate their further insurance demand for non-tax excellent life insurance products, especially pure commercial health insurance. "
What are the tax benefits of health insurance?
Taiping Life Insurance Company Limited
Taiping Personal Tax Preferential Health Insurance A (Universal)
Product details
Insurance period: agreed with the insurance company.
Payment method: agreed with the insurance company.
Insurance age: ≥ 16 years old
Product features: Universal medical security product, which provides reimbursement for hospitalization and outpatient medical expenses, and can also pay for outpatient treatment of chronic diseases.
protection domain
Outpatient emergency medical insurance premium specific outpatient medical insurance liability Outpatient emergency medical insurance premium chronic disease outpatient treatment fee insurance premium personal account accumulation before and after hospitalization
Taiping Personal Tax Preferential Health Insurance Section B (Universal)
Product details
Insurance period: agreed with the insurance company.
Payment method: agreed with the insurance company.
Age of insurance: those who meet the underwriting conditions.
Product features: Universal medical security product, which provides reimbursement for medical expenses such as hospitalization, outpatient service and specific outpatient service caused by serious illness.
protection domain
The responsibility of hospitalization medical insurance premium outpatient and emergency insurance premium specifically refers to the outpatient medical insurance premium before and after hospitalization.
Jianxin life insurance co., ltd
Longxiang Ankang Personal Tax Preferential Health Insurance A (Universal)
Product details
Insurance period: agreed with the insurance company.
Payment method: agreed with the insurance company.
Insurance age: ≥ 16 years old
Product features: Universal medical insurance product, which mainly provides reimbursement of hospitalization medical expenses and outpatient compensation for chronic diseases. After retirement, you can apply for personal account value to buy commercial health insurance or pay your own medical expenses.
protection domain
Hospitalization medical expenses insurance premium outpatient medical expenses before and after hospitalization specific outpatient treatment insurance premium chronic disease outpatient treatment insurance premium personal account insurance premium.
Sunshine Life Insurance Company Limited
Sunshine Life Annual Health Insurance Personal Tax Preferential Health Insurance A (Universal)
Product details
Insurance period: 1 year
Payment method: wholesale delivery
Insurance age: 16 years old to legal retirement age.
Product features: popular short-term health care products, providing reimbursement for hospitalization and emergency expenses caused by diseases, and also paying for targeted chemotherapy drugs for malignant tumors.
protection domain
Before and after hospitalization, outpatient and emergency medical expenses insurance premiums for specific diseases, targeted chemotherapy drugs insurance premiums for malignant tumors, outpatient and emergency medical expenses insurance premiums for chronic diseases.
Sunshine Life Annual Health Insurance Personal Tax Preferential Health Insurance D (Universal)
Product details
Insurance period: 1 year
Payment method: wholesale delivery
Insurance age: ≥ 16 years old
Product features: popular short-term health care products, providing reimbursement for hospitalization and emergency expenses caused by diseases, and also paying for targeted chemotherapy drugs for malignant tumors.
protection domain
Before and after hospitalization, outpatient and emergency medical expenses insurance premiums for specific diseases, targeted chemotherapy drugs insurance premiums for malignant tumors, outpatient and emergency medical expenses insurance premiums for chronic diseases.
Taikang endowment insurance co., ltd
Taikang coloplast Personal Tax Preferential Health Insurance A (Universal)
Product details
Insurance period: 1 year
Payment method: wholesale delivery
Insurance age: 16 years old.
Product features: popular short-term health care products mainly provide large hospitalization expenses and outpatient expenses reimbursement, as well as compensation for radiotherapy of malignant tumors, compensation for intravenous chemotherapy of malignant tumors and hospitalization compensation for chronic diseases such as hypertension and diabetes.
protection domain
Specific outpatient treatment expense insurance hospitalization medical insurance before and after hospitalization outpatient treatment expense insurance chronic disease outpatient treatment expense insurance.
Taikang coloplast Personal Tax Preferential Health Insurance Section B (Universal)
Product details
Insurance period: 1 year
Payment method: wholesale delivery
Insurance age: ≥ 16 years old
Product features: Short-term health care products mainly provide reimbursement for large hospitalization expenses and outpatient expenses, as well as compensation for treatment expenses such as radiotherapy and intravenous chemotherapy for malignant tumors.
protection domain
Before and after hospitalization, hospitalization medical insurance premium, outpatient expense insurance premium and specific outpatient treatment expense insurance premium.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.