Is your and your family's health important for you?
Would you like to live a more active and healthy life
and make some savings in the meantime?
We present here how we protect your and your family's health and spare money for you.
What is a voluntary health fund?
A voluntary health fund is an organization whose members are private persons. Its objective is to finance and organize the healthcare and health protection expenses of Fund members and their families with considerable tax allowances. Voluntary health funds were brought to life by the state by virtue of Act XCVI of 1993 (Act on Mutual Funds).
About ourselves
MKB HEALTH FUND was established in 1998 and has developed dynamically ever since. Now we have more than 142 000 satisfied members. Among other things, this is due to the lowest (!) operating costs amongst health funds, arranged in a system reduced by bands as well as the lowest standard monthly membership fee (HUF 1000).
Our objective
MKB HEALTH FUND aims to assist its members in their participation at illness prevention and other healthcare programmes in the widest range possible.
Therefore, we conclude contracts with service providers on an on-going basis as demanded by members, assist pharmacy purchases, and encourage our members to lead an active sporty life.
How do we spare money for you?
Low operating costs
MKB Health Fund operates at low operating costs (reduced by bands).
Payment bands, amounts, jointly with all titles | To provision of cover (individual health account) | To operating fund | To liquidity fund |
up to HUF 100.000/yr | 92.9% | 7% | 0.1% |
between HUF 100.001 and 200.000/yr | 94.9% | 5% | 0.1% |
between HUF 200.001 and 300.000/yr | 95.9% | 4% | 0.1% |
between HUF 300.001 and 500.000/yr | 96.9% | 3% | 0.1% |
over HUF 500.001/yr | 97.9% | 2% | 0.1% |
Tax allowance
In the event of private payments, from year 2011 20% of the amount paid up may be reclaimed, which may amount to even HUF 100,000 if the maximum amount (HUF 500,000) is paid up. For people retiring before 2020, the maximum amount payable is HUF 650,000, then HUF 130,000 may be received as a tax relief.
This table shows the following examples for different payments:
Payment by member | PIT refund (20%) | Amount credited to individual account | Available amount after payment and tax relief | "Savings" | "Discount" |
60,000 | 12 000 | 55,740 | 67 740 | 7,740 | 12,9% |
200,000 | 40,000 | 187,800 | 227 800 | 27,800 | 13,9% |
500,000 | 100,000 | 477,500 | 577 500 | 77,500 | 15,5% |
Your employer may also make payments to you, which are not subject to any taxes and contributions.
Health card
After entry, each Fund member receives a cash-saving MKB Health Card free of charge, to settle invoices with several hundreds of service providers to the debit of the Fund member's individual account. Use of the Health Card represents no extra burden whatsoever on Fund members.
Safe investments, high returns
Another way of saving money is that any amounts not used are invested by the assets manager of the Fund; returns are distributed to Fund members individual accounts as PIT-free revenues.
From pharmaceuticals to doing sport
The amount on the account may be expended for:
- Purchases in pharmacies;
- Purchases of glasses / contact lenses;
- Purchases of other medicinal aids;
- Doing sports
- Healthcare (e.g. dental care, gynecology, dermatology, extra hospital care);
- Purchases of infant and baby care products;
- Convalescence holidays;
- Massage and physiotherapy;
- Supplementation of income loss due to illness;
- Assistance to the bereaved.
Where can you use the amount on your individual account?
It is possible to effect purchases in any pharmacies; glasses, medicinal aids and medicinal products licensed by the National Institute for Pharmacology can be bought at any specialized stores. In the same way, sports services can be used anywhere.
Healthcare, convalescence holidays, massage and physiotherapy can be benefited from at our contracted service providers. Currently, we are contracted to more than 11 400 service locations and the list is extended on an on-going basis, completely as demanded by Fund members.
Opportunities for family use
Amounts on individual accounts may not only be used by Fund members themselves, but also by their nearest linear dependents, including parents, grandparents, great-grandparents, children, as well as the spouse and life-companion.
How much is worth paying to the Fund?
We recommend you to assess your family expenses. What is the average amount you spend on the services listed above and expendable in the framework of the Health Fund? Please assess whether it is worth getting them 15% cheaper.
Have we made you interested? Enter MKB Health Fund!
If you fill out the Statement of Entry to be found at our homepage and pay the minimum membership fee (HUF 1000) regularly, you can already consider yourself to be a member of MKB HEALTH FUND. The bank account number of the Fund is: 10300002-20177920-00003285.
Should you intend to contract with our Fund as an Employer member, please also contact our Customer Care Office. Following coordination, we will be at your disposal by face-to-face consultation in order to find the best solution.
MKB HEALTH FUND - For your and your family's health
- Significant tax allowances
- Family use
- Wide-ranging health fund service provider background
- Low operating costs
- Cash-saving Health Card free of charge
- Safe investments, high returns
- Regular monthly statements of account by e-mail
- Fund member friendly customer care service
Should you have any questions, feel free to contact us!
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