In order to study how the policy of delayed retirement, - a very important reform for healthcare system and social security system in China-influences individual health, we got data from a sample of 703 people to investigate the relationship among policy acceptability and individual wellbeing and the moderating role of individual-relevance of policy. Results showed that the demographic variables and some individual social attitudes had important effects on individual wellbeing. More importantly, after controlling the demographic characters and some social attitudes, policy acceptability of delayed retirement still affected individual wellbeing significantly. In addition, individual-relevance of policy moderated the relation between policy acceptability and individual wellbeing. When people think the policy of delayed retirement was highly individual-relevant, policy acceptability would positively predict individual wellbeing. The present research has some implications for improving individual physical and psychological health by promoting policy acceptability in healthcare system management. © 2017 IEEE.