Dáil Éireann Debate, Thursday - 16 July 2015
486. Deputy Michael McGrath asked the Minister for Health the amount raised from the levy on private medical insurance policies in each of the past four years; the rates of payment for different categories of insured person that are made under the scheme; and the amounts paid to each of the medical insurers. [29734/15]
View answerThe interim scheme of Age-Related Tax Credits and Community Rating Levy (ARTC) was in operation from 2009 to 2012. The total stamp duty levied on health insurance products was €347m in 2011 and €437m in 2012. The interim scheme was replaced by a permanent risk equalisation scheme from 1 January 2013. The total stamp duty levies on health insurance products was €413m in 2013 and €582m in 2014.
The amounts paid to individual insurers is commercially sensitive information.
The current stamp duties and credits payable under the risk equalisation scheme are set out in the following table. In addition a hospital bed utilisation credit of €90 is paid for each overnight stay in a hospital. The risk equalisation scheme is self-funded, ie the cost of credits is met by the stamp duties raised.
Renewals from 1 March 2015 are set out in the following table:
|
Credits |
Male Non-Advanced Contract |
Female Non-Advanced Contract |
Male Advanced Contract |
Female Advanced Contract |
|
60-64 |
€200 |
€150 |
€425 |
€300 |
|
65-69 |
€525 |
€350 |
€1,075 |
€725 |
|
70-74 |
€825 |
€600 |
€1,750 |
€1,200 |
|
75-79 |
€1,025 |
€800 |
€2,250 |
€1,700 |
|
80-84 |
€1,475 |
€1,025 |
€2,975 |
€2,125 |
|
85+ |
€1,750 |
€1,125 |
€3,725 |
€2,475 |
|
Stamp Duties |
||||
|
Adult |
€240 |
€240 |
€399 |
€399 |
|
Child |
€80 |
€80 |
€135 |
€135 |
