Boost Your Family's Savings by up to HUF 150,000 before the End of the Year in Budapest

Published: December 19 2023

Are you looking for a risk-free way to boost your family's savings? Consider joining an health savings account (egészségpénztár) in Budapest, where you can increase your savings by up to HUF 150,000 per year. In this article, we will guide you through the steps to take advantage of this opportunity before the end of the year.

To join an health savings account, such as the OTP Egészségpénztár, you can do so either in person or online. Once you have joined, you can make contributions through individual payments or employer contributions. It's important to note that you can receive a tax refund of up to 20% of the total amount contributed, but the maximum refund is capped at HUF 150,000 per year. To maximize your refund, consider contributing HUF 750,000 annually. Be mindful of the payment deadlines: December 27 for card payments, December 31 for immediate transfers, and December 29 at 12 PM for cash payments at OTP Bank branches.

The funds in your health savings account can be used for various healthcare services and products that you would typically use. The OTP Egészségpénztár has a wide network of over 13,000 contracted service providers, allowing you to access a broad range of eligible services and products. Additionally, a new feature called "kártyaösszekötés" allows you to link your OTP Egészségkártya and bank card, making it easier to make payments using your account balance. If there is insufficient funds in your health savings account, the necessary amount will be automatically deducted from your linked bank card.

Once you have made contributions to your health savings account, you can enjoy a 20% tax refund, which will be credited to your account in the following year. This refund can be used for your own healthcare expenses as well as those of your family members. It's worth noting that many service providers offer discounts to OTP Egészségpénztár members, ranging from 5% to 30%. The membership benefits extend to your family members as well, who can also access the services and products by being registered as beneficiaries and obtaining companion cards.

As an added incentive, the OTP Egészségpénztár is running a prize draw where 10 lucky members have the chance to increase their savings by an additional 20% (up to HUF 150,000) on top of the 20% tax refund. To enter the draw, follow these steps: 1) Join the OTP Egészségpénztár, 2) Make a minimum contribution of HUF 20,000 to your health savings account between November 20 and December 27, 2023 (each additional contribution of HUF 20,000 earns you an extra chance in the draw), and 3) Register for the prize draw between November 20 and December 27, 2023. The draw will take place on January 12, 2024.

For more details and additional benefits, visit the OTP Egészségpénztár website. Don't miss out on this opportunity to boost your family's savings and enjoy the benefits of an health savings account in Budapest.

What is the purpose of the article? The purpose of the article is to promote the benefits of joining the OTP Healthcare Savings Account and maximizing savings through tax refunds.

What is the OTP Egészségpénztár? The OTP Egészségpénztár is a healthcare savings account provided by OTP Bank. It allows individuals to save money for healthcare expenses and offers a 20% tax refund on contributions.

How can I join the OTP Egészségpénztár? You can join the OTP Egészségpénztár either in person or online.

What types of contributions are accepted by OTP Egészségpénztár? OTP Egészségpénztár accepts individual contributions and employer contributions.

How much tax refund can I receive on my contributions? You can receive a tax refund of 20% on the amount you contribute, up to a maximum of HUF 150,000 per year. It is recommended to contribute HUF 750,000 per year to maximize the tax refund.

When should my contributions for 2023 be made to OTP Egészségpénztár? For contributions to be eligible for the tax refund in 2023, they should reach OTP Egészségpénztár by the following dates:

What happens if I have both an OTP Egészségpénztár account and a pension fund account? If you have both an OTP Egészségpénztár account and a pension fund account, the total tax refund limit is still HUF 150,000. The tax refund will be credited to the account you specify in your tax return.

What can the balance in the OTP Egészségpénztár account be used for? The balance in the OTP Egészségpénztár account can be used for various healthcare services and products, including private medical examinations, treatments, medication, child care products, and more. OTP Egészségpénztár has a wide network of contracted service providers.

What is the advantage of linking the OTP Egészségkártya and bank card? Linking the OTP Egészségkártya and bank card enables automatic deduction of the required amount from the bank card when making a payment with the OTP Egészségkártya. This eliminates the need to constantly check the balance and manually deposit money into the healthcare savings account.

How can I utilize the 20% tax refund on my contributions? You can utilize the 20% tax refund on your contributions for your own healthcare expenses and those of your family members. The tax refund will be credited to your OTP Egészségpénztár account in the following year.

What are the costs associated with OTP Egészségpénztár membership? There is an enrollment fee of HUF 2,000 and an operational cost of 6.5%. A card fee of HUF 2,900 is also required for a period of three years. The minimum monthly contribution is HUF 5,000, which can be utilized for expenses.

What are the additional benefits of OTP Egészségpénztár membership? OTP Egészségpénztár members can benefit from discounts offered by partner service providers, which can range from 5% to 30% off the regular price. The membership is advantageous not only for the account holder but also for their family members, who can also access services and products by registering as beneficiaries and requesting an additional card.

How can I participate in the prize draw for winning HUF 150,000? To participate in the prize draw, follow these steps: