VHIS

TaxVantage Plus Medical Plan

Access to comprehensive medical services

The TaxVantage Plus Medical Plan* (Flexi Plan) provides you with comprehensive coverage for surgeries, therapies and hospitalization benefits, plus a host of upgraded benefits. Best of all, your qualifying premiums paid are tax deductible.

No Lifetime Benefit Limit

Benefit Limit Refreshes Annually

Issue Age
Age 0 – 80
Benefit Term
To Age 100
Premium Payment Term
To Age 100

Notes

*YF Life Insurance International Limited is registered as a provider for the Voluntary Health Insurance Scheme (VHIS), implemented by the Food and Health Bureau of the HKSAR (registration number 00025, effective on March 6, 2019).

Product Features

Guaranteed renewals for life

You are guaranteed the right to renew your plan even if you experience changes to your health. For extra peace of mind, your coverage will last up to the age of 100

No lifetime benefit limit

The plan offers an annual benefit limit up to HK$2,000,000, which will be refreshed annually with no Lifetime Benefit Limit

Freedom to choose

All benefits are applicable worldwide (except for psychiatric treatment¹and renal dialysis²)
Free choice of healthcare services providers³
Free choice of ward class

¹Only covers the psychiatric treatment recommended by a Specialist during Confinement in Hong Kong.

² Only covers renal dialysis treatments under the recommendation of the attending Registered Medical Practitioner, and (1) as an Inpatient worldwide or (2) as a Day Patient in Hong Kong.

³ Refers to a registered Hospital medical practitioner of western medicine under the relevant territory.

Extensive coverage

The plan covers the following medical benefit items:
1. hospitalization and surgery fees
2. day case procedure⁴
3. outpatient care for pre- and post- Confinement / Day case procedure
4. prescribed diagnostic imaging tests⁵, including CT, MRI, PET, PET-CT and PET-MRI
5. non-surgical cancer treatments, including radiotherapy, chemotherapy, targeted therapy, immunotherapy and hormonal therapy
6. psychiatric treatment¹
7. lump sum benefit against medical negligence⁶
Other benefit items include:
1. home nursing
2. additional benefit for accident
3. renal dialysis²
4. optional extra major medical benefit

⁴ Day Case Procedure refers to a Medically Necessary surgical procedure for investigation or treatment performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery.
⁵ Subject to 30% Coinsurance, Policy Holder is required to pay 30% of the actual medical expenses as evidenced.
⁶ If the Insured Person dies or suffers from Total and Permanent Disability directly as a consequence of any negligent action or failure to observe reasonable and customary standards by a healthcare professional of the relevant Hospital, the medical negligence benefit as stated in the Benefit Schedule shall be payable. The benefit shall be made once only for each incident.

Coverage of unknown pre-existing conditions

For your total peace of mind, the plan covers pre-existing conditions that the Policy Holder and/or Insured Person was not aware of and would not reasonably have been aware of at the time of taking up the plan, without any waiting period

No claim premium discount

A 'no claim premium discount' will be offered upon paying the renewal premium, provided that the policy has been in force and no claims have been made for at least three consecutive Policy Years
The discount is a percentage, of up to 15%, of the annual premium for the previous Policy Year

Consecutive years of policy in force and without claims	No claim premium discount rate
3	5%
4	10%
≥5	15%

Tax deductible

Your TaxVantage Plus Medical Plan premiums are tax deductible. For details of the tax deduction arrangement, please refer to the website of the Food and Health Bureau of the HKSAR at www.vhis.gov.hk/en/consumer_corner/tax-deduction.html

Free quote before you commit

You’re entitled to receive a free estimate of the claimable amount⁷ for any potential treatment or procedure before committing to it

⁷The Policy Holder shall provide the Company with the estimated fees to be incurred as furnished by the Hospital and/or attending Registered Medical Practitioner. The estimate is for reference only, and the actual amount claimable shall be subject to the final expenses as evidenced.

Optional supplementary benefits

For extra peace of mind, you may attach supplementary benefits to the plan (the following benefits are non-tax deductible⁸)
- Extra Cancer Benefit
  - provides adequate financial support for cancer therapy, with a maximum reimbursement of actual expenses per cancer up to HK$2,000,000⁹
- Hospital Income Benefit
  - provides cash benefit¹⁰to offset any temporary income loss if the Insured Person is Confined for eight hours or more due to Disability
  - while receiving treatment in an Intensive Care Unit, this Benefit will be doubled, up to HK$2,400 per day

⁸ These benefits are not part of the Certified Plan.

⁹ The followings are not included: (1) treatment undergone solely for complications and adverse effects of cancer treatment; (2) cost of surgical procedures except specifically covered; (3) room and board charges.

¹⁰ The maximum combined daily benefit from both Hospital Income Benefit and Money-Back Hospital Income Protector for the same Insured Person with our company is HK$1,200. And the maximum combined daily benefit from Hospital Income Benefit, Money-Back Hospital Income Protector, Lifetime Health Protector, Whole Life MediCare and Refundable Hospital Cash Plan for the same Insured Person with our company is HK$2,000. The Company reserves the right to make adjustments of the maximum combined daily benefit without any prior notice.

Benefit Table at a Glance

	Plan 1	Plan 2	Plan 3	Plan 4
Annual Benefit Limit	$600,000	$850,000	$1,350,000	$2,000,000
Room and board (Maximum 180 days per Policy Year)	$840 per day	$1,520 per day	$3,000 per day	$5,050 per day
Miscellaneous charges (per Policy Year)	$15,000	$18,000	$23,000	$35,000
Attending doctor's visit fee (Maximum 180 days per Policy Year)	$840 per day	$1,520 per day	$3,000 per day	$5,050 per day
Specialist's fee (per Policy Year)	$8,000	$8,700	$9,500	$13,800
Intensive Care (Maximum 25 days per Policy Year)	$5,000 per day	$7,000 per day	$8,600 per day	$11,200 per day
Surgeon’s fee (Per surgery)	Up to $70,000	Up to $87,500	Up to $112,500	Up to $147,500
Anesthetist’s fee	40% of Surgeon's fee payable
Operating theatre charges	40% of Surgeon's fee payable
Prescribed Diagnostic Imaging Tests (per Policy Year)	$25,000	$30,000	$35,000	$40,000
Prescribed Diagnostic Imaging Tests (per Policy Year)	Subject to 30% Coinsurance
Prescribed Non-surgical Cancer Treatments (per Policy Year)	$82,000	$96,000	$110,000	$124,000
Pre- and post-Confinement / Day Case Procedure outpatient care (per Policy Year)	$600 per visit Up to $3,300	$900 per visit Up to $4,950	$1,400 per visit Up to $7,700	$2,100 per visit Up to $11,550
Psychiatric treatments (per Policy Year)	$34,000	$45,000	$60,000	$80,000

The above benefit table is not a complete version and subject to policy provisions. Please refer to the product brochure for the completed benefit table.

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FAQ

What is Voluntary Health Insurance Scheme (VHIS)?

VHIS is an individual indemnity hospital insurance scheme implemented by the Food and Health Bureau of HKSAR to provide an additional choice of health care services to the public through hospital insurance. Participation of the scheme is voluntary. Tax deduction is eligible for consumers who purchase VHIS plans.

What are the plan options under VHIS?

There are two types of plans for selection under VHIS – Standard Plan and Flexi Plan. Standard Plan provides standardized basic protection according to the minimum requirements set by the Government. Flexi Plan provides enhanced protection such as better benefit limits and coverage.

What are the differences among TaxVantage Prestige Medical Plan (Flexi Plan), TaxVantage Plus Medical Plan (Flexi Plan) and TaxVantage Medical Plan (Standard Plan) offered by YF Life?

TaxVantage Medical Plan is a Standard Plan while TaxVantage Plus Medical Plan and TaxVantage Prestige Medical Plan are Flexi Plans under the Voluntary Health Insurance Scheme (VHIS) implemented by the Food and Health Bureau. The coverage under the VHIS Standard Plan includes basic protection; while the Flexi Plan provides enhanced protection, e.g. higher benefit amount, extra medical coverage and a variety of product choices. Details are as follows:

	TaxVantage Medical Plan (Standard Plan)	TaxVantage Plus Medical Plan (Flexi Plan)	TaxVantage Prestige Medical Plan (Flexi Plan)
Guaranteed renewals for life	✓	✓	✓
No lifetime benefit limit	✓	✓
Tax deductible	✓	✓	✓
Geographical coverage	Worldwide (psychiatric treatments: Hong Kong only)	Worldwide (psychiatric treatments and renal dialysis treatments as a day patient: Hong Kong only)	Non-emergency treatment: Asia Emergency treatment: Worldwide (psychiatric treatments and room level downgrade cash benefit in Hong Kong: Hong Kong only)
Coverage of unknown pre-existing conditions	✓ (with waiting period)	✓ (without waiting period)	✓ (without waiting period)
No claim premium discount		✓	✓
Choice of plan level		✓
Choice of deductible			✓
Optional extra major medical benefit		✓
No restriction to the choice of healthcare service provider	✓	✓	✓ (room level downgrade cash benefit in Hong Kong: private Hospital in Hong Kong only)
No restriction to the choice of ward class	✓	✓
Actual medical expenses covered and reimbursed by the plan include:
(I) Basic benefits
Hospitalization and surgery fees	✓	✓	✓
Day case procedure	✓	✓	✓
Pre- and post-confinement / day case procedure outpatient care	✓	✓	✓
Prescribed diagnostic imaging tests	✓	✓	✓
Prescribed non-surgical cancer treatments	✓	✓	✓
Psychiatric treatments	✓	✓	✓
(II) Enhanced benefits
Private nurse's fee			✓
Home nursing		✓	✓
Hospital companion bed			✓
Renal dialysis		✓	✓
Reconstructive surgery benefit			✓
Pregnancy complications benefit			✓
Medical appliances	✓	✓	✓
Transplantation surgery expenses for Living Donor			✓
Rehabilitation Centre and related treatment			✓
Ancillary service			✓
Hospice care			✓
Emergency outpatient treatment benefit			✓
Emergency dental benefit			✓
(III) Other benefits
Day surgery cash benefit			✓
Room level downgrade cash benefit in Hong Kong			✓
Additional benefit for accident		✓
Medical negligence benefit	✓	✓
Death benefit	✓	✓	✓
Supplementary services / benefits (Non-tax deductible)
Optional extra services (without extra charges)
MediCare Concierge Services			✓
Estimate of the claimable amount			✓
Cashless Hospitalization Service			✓
Worldwide Emergency Assistance Benefits			✓
Optional supplementary benefits
Extra Cancer Benefit		✓
Hospital Income Benefit		✓

Please refer to the product brochures for further details and exclusions of the above features.

I have a VHIS plan with effective date as April 1, 2019. On February 25, 2020, I received a Premium Notice for the premium due on April 1, 2020. I paid the due premium on March 1, 2020 in advance. Can I make tax deduction claim for that qualifying premium paid in the 2020/2021 year of tax assessment?

No. You should claim tax deduction in respect of the premiums paid in that year of assessment.

Since you paid the qualifying premium on March 1, 2020 (i.e. in the 2019/2020 assessment year) instead of in the 2020/2021 assessment year, you may claim the tax deduction for the 2019/2020 assessment year. To be eligible for tax deduction claim under 2020/2021 tax assessment year, the premium must be paid on or after April 1, 2020.