Medical Insurance
Who can Claim?
A claimant who has paid a premium to an authorised fund or society on behalf of himself/herself, children and dependents and if assessed under aggregation his/her spouse.
Tax Relief at Source (TRS)
Tax relief for medical insurance premiums paid to authorised insurers is granted at source. Subscribers pay a reduced premium (80% of the gross amount) to the Insurer. This is the same as giving tax relief at the standard rate of 20% and is claimed Tax Relief at Source.
Employees where medical insurance premiums are paid on their (or their dependents) behalf will not have been allowed Tax Relief at Source. To claim relief due, notify your local Revenue office of the relevant details or complete an annual return form and send it to your local Revenue office.