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Illness Benefit and Income Protection Insurance

  • 22-02-2012 12:42pm
    #1
    Sasquatch76
    Closed Accounts Posts: 1,353 ✭✭✭


    Hi folks,

    I've been out sick from work for a number of months now, and have been receiving illness benefit from the state (I have not received any pay from work in this time).

    In the last couple of weeks, income protection insurance (a benefit of the company's pension scheme) has kicked in, with the amount awarded being a percentage of my wage minus any state benefits.

    Essentially my question is what do I do now? I'm assuming I have to tell the DSP of the change to my finances, or is there an certain amount I can receive from other sources before becoming ineligible for illness benefit?

    Thanks in advance.


Comments

  • #2
    hawthorne
    Registered Users, Registered Users 2 Posts: 619 ✭✭✭hawthorne


    Illness benefit is a non- means tested payment. You get it for 2 years maximum.
    You can earn as much as you like through non-work payment. Win 10 million in the lottery and you have to tell SW nothing.
    Disabillity allowance is different. It is a means tested payment and you have to inform SW.
    In your case you have to inform only the tax office. You are liable for tax if you go over a certain treshold.
    If you have a medical card you have to inform the HS about an additional income. You might loose the card.


  • #3
    Sasquatch76
    Closed Accounts Posts: 1,353 ✭✭✭Sasquatch76


    Thanks very much hawthorne. Tax is sorted and I'll call the HSE in the morning. Thanks again!


  • #4
    skippy2
    Registered Users, Registered Users 2 Posts: 393 ✭✭skippy2


    As illness benefits lasts only for 2 years and is then stopped you then can apply for invalidity pension (IP). If you're illness is long term (like mine) and meant I was going to be unable to work long term I actually applied for IP pretty straight away and did not wait for the 2 years to be up this was automatically refused but on appeal accepted. The main difference being that this is then backdated to when you actually applied for it. So if you're illness may be permanent or semi long term it might be worth considering this route.
    Best of luck


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