Insurance companies participating in voluntary medical insurance (product providers of voluntary medical insurance) provide individual reimbursement hospitalization insurance products (approved products) approved by the Food and Health Bureau and meeting the minimum requirements of the plan. Suppliers of voluntary medical insurance products must abide by the code of practice covering sales and promotion, handling insurance applications and after-sales service.
Consumers can freely choose whether to buy approved products.
The premium paid by the policy of the voluntary medical insurance scheme can be applied for tax deduction according to the Inland Revenue Ordinance (Chapter 1 12). If the voluntary medical insurance plan policy provides the scope of approved products and other insurance coverage, only the qualified premiums paid by approved products can apply for tax deduction.
Extended data
Hong Kong has a public and private dual-track medical system. Hong kong medical insurance system-the goal of voluntary medical insurance scheme;
1. Improve the protection level of hospitalization insurance products.
2. To provide one more choice for the public to use private medical services through hospitalization insurance.
3. I hope to reduce the pressure on public hospitals.
GovHK-Health Care and Medical Services
GovHK-Voluntary Medical Insurance Scheme