Medical insurance premiums
If you pay medical insurance directly to an approved insurer, tax relief is available.
Qualifying medical insurance policies can be for
- health insurance
- dental insurance
- health and dental insurance combined.
You do not need to claim the tax relief from Revenue. The relief is given as a discount on the cost of the policy. The relief is known as tax relief at source (TRS). The discount is given when you pay the cost of the policy, regardless of who the policy is for.
If the premium is deducted from your pay or pension and paid over to the insurer, the discount should still be applied.
The relief is provided at the standard rate limited to the cost of the policy up to:
- a maximum of €1,000 per adult (equal to a credit of up to €200)
- €500 per child (equal to a credit of up to €100).
For the purposes of this relief, a child is any individual under 21 years of age.
Policies paid by employers (as a Benefit-in-Kind)
Your employer might pay medical insurance to an approved insurer for you or your dependents as a Benefit-in-Kind. If so, you can claim tax relief from Revenue for the premiums paid. If you are jointly or separately assessed, you can also claim for payments for your spouse or civil partner.
Use myAccount to claim the credit on your Form 12 if your employer pays medical insurance for you or any of your dependents. You must provide the following information:
- the date the policy started
- who is covered on the policy and their ages
- a breakdown of the cost of the policy for each person
- the amount paid by your employer.
If your employer only pays a percentage of your policy cost the relief you can claim from us is restricted to that percentage. This is because the portion of the policy you pay yourself directly will have been discounted.
Approved health insurers
- Aviva Health Insurance Ireland Ltd.
- Elips Insurance Limited (Laya Healthcare)
- VHI Healthcare DAC
- Great Lakes Reinsurance (UK)
- HSF Health Plan Ltd.
Approved health insurers with restricted membership
- ESB Staff Medical Provident Fund
- The Goulding Voluntary Medical Scheme
- Irish Life Assurance Medical Aid Society
- Irish Life Assurance plc Outdoor Staff Benevolent Fund
- Prison Officer’s Medical Aid Society
- St Paul's Garda Medical Aid Society.
To be a member you must be, or have been, employed by the organisations concerned.