Targeted health fund services from the 1st of January 2021

Targeted health services have been available since 2016 at the Fund. Until 31 December 2018, the employer’s contribution was taxed at the same rate, so it did not make sense for employers to replace this well-proven benefit.

From 1 January 2019, the employer’s contribution is taxed at the same rate as the wage. Thus, it lost its tax advantage over the benefit provided for the targeted health fund service, which can still be granted as a specific benefit.


Benefits of targeted services

In addition to more favorable taxation, targeted health insurance services have many advantages over employer contributions. One of the biggest advantages is that it is not mandatory to give to all employees, it is possible to narrow the range of recipients of the benefit. (eg if the worker was on sick leave for more than x days in the given month, they are not entitled to it or is only given to clerical workers, those close to retirement, family founders, etc.)

The amount paid as a targeted service is credited to a community fund for the employer. So the Fund handles it separately for each employer. From the segregated account, members can use the service as long as coverage is available.

It is not necessary to provide an equal amount for employees, and you can set the per capita amount as a percentage or an exact amount.

An additional benefit may be that the amount paid by the employer can be recalled by the employer if the contract so requests, but it can also be provided that the member can use the amount received from the employer even if, for example, they no longer work for the employer.


Services provided at IZYS as a targeted health fund service: 

  • Healthcare services (private doctor, hospital, screening, flask program, stem cell collection)
  • Physiotherapy
  • Medicine, medicinal preparation
  • Medical devices
  • Baby and baby care product
  • Sick pay supplement
  • Gluten free food
  • Health insurance financing the service

In the case of health fund services, there is no waiting time, the amount paid can be used immediately.

The employee is not liable to pay tax on the amounts credited and used as targeted health fund support credited to the fund account.

The provisions of the Articles of Association and the Settlement and Service Regulations must also be taken into account in the case of targeted health fund services. In the list of services, you can click on each service to see how much the employees can pay for the services and under what conditions.


Targeted Fund payment taxation summary table

Whichever targeted service you want to give or make available to employees, roughly half of the traditional wage burden is less than the tax payable on targeted benefits.


Contracting process 

The employer must enter targeted self-help fund service contract with the Fund. 

Employees who receive the benefit must become members of the fund if they are not already. To become a member you must complete the entry form which you can do on paper or online. (After filling it in, you will receive it by e-mail in pdf format. It must be sent in print and signed.)

In the case of mass entry, we fill in the entry forms if we receive the employees’ data in an excel template. The template can be requested from our colleagues through the ugyfelszolgalat@izys.hu email address. 


Payment and declaration 

Simultaneously with the start of the transfers, the employees’ names, tax identification, or member identification number as well as the amount of the benefit must be sent to one of these two email addresses: penzugy@izys.hu or adatszolgaltatas@izys.hu. The excel spreadsheet you can fill out with the data can be found here. 


Fund costs 

In the case of the targeted health fund service, 94.1% of the employer’s payment will be available to employees.


Who can benefit from the targeted services? 

  • fund members that are employed by the same employer,
  • members of the fund who choose the form of self-help fund from the optional fringe benefits,
  • fund members with an advocacy body, a social organization, an association, a works council, a certified membership or a board member,
  • members of the same age,
  • the number of fund members holding the same position or holding the same position with the same employer,
  • the number of members of the fund who are employed by the same employer and who have been employed by the employer for a period specified by the sponsor,
  • the number of fund members employed by the same employer who make their own contribution higher than the amount indicated by the sponsor in the given calendar year,
  • members of the fund who are members of the company with the same legal person or unincorporated legal personality,
  • members domiciled within a specific administrative boundary,
  • a member receiving a benefit specified by the sponsor from among the benefits provided under the welfare and social benefits scheme, the optional fringe benefits or the cafeteria scheme in the sponsor’s collective agreement or equivalent regulations,
  • all fee-paying Fund Members,
  • Fund Members with the same duration of employment,
  • members with the same qualifications,
  • members with the same type of employment contract,
  • new members,
  • fund members belonging to the same group of employees of the same employer,
  • members with disabilities, such as invalidity, accident disability pensioners,
  • members of the fund employed by an employer or having a membership relationship with the donor, or a group of members defined by the sponsor (for example, occupation, job, etc.),
  • fund members with other (assignment, business) legal relations to work with the same employer,
  • fund members using the same fund service,
  • members taking the same medicine or using the same medical device,
  • members reaching retirement age within the time limit set by the sponsor,
  • fund members of a profession, sector, organization,
  • members who pay a membership fee higher than a certain amount in a given calendar year,
  • members of the department or a group defined by the sponsor,
  • the supporting Civil Code. fund members who are not close relatives within the meaning of
  • fund members who have a long-term legal relationship with the sponsor or have entered into an ad hoc agreement (even with implied conduct) with the sponsor to perform the services specified by the sponsor,
  • members affected by the termination of employment by the same employer or a group defined by the sponsor,
  • members of the department or group (s) identified by the sponsor,
  • a group of people in the same social, family, social situation (for example, a group of persons determined on the basis of the number of children, large families, those on maternity leave, those in GYES, GYED, those below a certain income level, etc.)


Additional useful information 

Targeted self-help fund services


You have unanswered questions? Contact us!

Our colleagues are available on weekdays between  8:00 – 16:30 on the  +36 1 769 0061 phone number.