Discover the benefits

FOR COMPANIES

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HOW SHOULD COMPANIES TREAT PREMIUMS PAID TO FASIOPEN FOR TAX PURPOSES?

It should firstly be pointed out that these are not “tax deductions” for the benefit of the company but indirect staff costs, which are deductible from business income in the same way as salaries.

The full amount that the company pays to an institution or fund for purely welfare purposes, in conformity with a contractual provision, agreement or company regulation, generates an indirect employee-related cost that is deductible from business income. The same principle applies to the 10% solidarity contribution to be paid to I.N.P.S. on the basis of the same sums.

The entire cost, including the solidarity contribution, will therefore be deductible from business income.

The amount that the company, whether or not with a contribution by the employee, pays the Fund for each employee, up to a ceiling of €3,615.20 per annum, does not count towards the definition of the employee’s income.

Discover the benefits

FOR COMPANIES

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HOW SHOULD COMPANIES TREAT PREMIUMS PAID TO FASIOPEN FOR TAX PURPOSES?

It should firstly be pointed out that these are not “tax deductions” for the benefit of the company but indirect staff costs, which are deductible from business income in the same way as salaries.

The full amount that the company pays to an institution or fund for purely welfare purposes, in conformity with a contractual provision, agreement or company regulation, generates an indirect employee-related cost that is deductible from business income. The same principle applies to the 10% solidarity contribution to be paid to I.N.P.S. on the basis of the same sums.

The entire cost, including the solidarity contribution, will therefore be deductible from business income.

The amount that the company, whether or not with a contribution by the employee, pays the Fund for each employee, up to a ceiling of €3,615.20 per annum, does not count towards the definition of the employee’s income.

FOR EMPLOYEES

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TAX BENEFITS FOR EMPLOYEES

FasiOpen is compatible with the provisions of the Ministry of Health Decree identifying, for health funds, the areas of activity necessary in order to not count towards the definition of income in premiums paid pursuant to Art. 51 of the TUIR. This gives tax benefits to employees, since the premium paid as a result of contractual or company agreements is not subject to taxation.
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NO RISK SELECTION

FasiOpen operates totally without the use of risk selection and, therefore, does not require companies to provide specific information on the population to be covered.

There are no age limits for employees to be registered with the Fund.

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COVER FOR YOUR FAMILY

FasiOpen also provides the option of cover for employees’ families.  Each health plan has a maximum annual amount with which coverage can be extended to all of an employee’s eligible family unit regardless of the number of family members. In light of this favourable provision, the entire eligible family unit must be registered with the Fund.
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FAVOURABLE RATES AT AFFILIATED FACILITIES

With the FasiOpen card, clients can access favourable rates also for services not included in the chosen Health Plan. The FasiOpen card remains active for as long as the employee is registered with the Fund.

FOR EMPLOYEES

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TAX BENEFITS FOR EMPLOYEES

FasiOpen is compatible with the provisions of the Ministry of Health Decree identifying, for health funds, the areas of activity necessary in order to not count towards the definition of income in premiums paid pursuant to Art. 51 of the TUIR. This gives tax benefits to employees, since the premium paid as a result of contractual or company agreements is not subject to taxation.
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NO RISK SELECTION

FasiOpen operates totally without the use of risk selection and, therefore, does not require companies to provide specific information on the population to be covered.

There are no age limits for employees to be registered with the Fund.

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COVER FOR YOUR FAMILY

FasiOpen also provides the option of cover for employees’ families.  Each health plan has a maximum annual amount with which coverage can be extended to all of an employee’s eligible family unit regardless of the number of family members. In light of this favourable provision, the entire eligible family unit must be registered with the Fund.
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FAVOURABLE RATES AT AFFILIATED FACILITIES

With the FasiOpen card, clients can access favourable rates also for services not included in the chosen Health Plan. The FasiOpen card remains active for as long as the employee is registered with the Fund.

The formula for savings

EXAMPLE OF REFUND*

WITH FASIOPEN EMPLOYEE SPOUSE/CHILD
PRIVATE SPECIALIST CONSULTATION € 120,00 € 120,00
1 ORAL HYGIENE € 90,00 € 90,00
BLOOD TESTS (Public Healthcare Charges) € 60,00 € 60,00
TOTAL EXPENDITURE € 270,00€ 270,00
REFUND EMPLOYEE SPOUSE/CHILD
GREEN HEALTH PLAN € 55,00 € 55,00
GREEN HEALTH PLAN € 80,00 € 80,00
GREEN HEALTH PLAN € 50,00 € 50,00
TOTAL EXPENDITURE € 185,00€ 185,00
TOTAL ANNUAL EXPENDITURE € 540,00
REFUNDED BY FASIOPEN
WITHIN 30-40 DAYS €370, EQUIVALENT TO 69% OF THE TOTAL EXPENDITURE INCURRED, TO WHICH IS ADDED 19% OF THE NON-REFUNDED PART WHICH IS STILL DEDUCTIBLE
WITHOUT FASIOPEN EMPLOYEE SPOUSE/CHILD
PRIVATE SPECIALIST CONSULTATION € 120,00 € 120,00
1 ORAL HYGIENE € 90,00 € 90,00
BLOOD TESTS (Public Healthcare Charges) € 60,00 € 60,00
TOTAL EXPENDITURE € 270,00 € 270,00
TOTAL ANNUAL EXPENDITURE € 540,00
STATE EXCESS € 129,11
DIFFERENCE € 410,89
RECOVERY OF DEDUCTIONS 19%
JULY PAY SLIP € 78.00 - EQUIVALENT TO 14% OF THE TOTAL EXPENDITURE

*Example calculated applying the refund rules provided for in FasiOpen Green Health Plan.