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Health Insurance - Government Levy

  • 02-04-2021 06:30PM
    #1
    AOH77A
    Registered Users, Registered Users 2 Posts: 127 ✭✭


    I have health insurance for myself, my wife and 2 kids with Irish Life. Policy was renewed on Nov 2019. I was paying it myself as I have been working as a contractor for a few years.

    Just got a new job and my employer will pay my health insurance and a portion of the families. Irish Life told me no problem to cancel but I will have to pay the Government levy for the remainder of the policy which is over one thousand euro.

    Does anyone know if this is correct ? I will be paying the Government levy on my new policy with VHI so this sounds like a double charge.


Comments

  • #2
    Smee_Again
    Registered Users, Registered Users 2 Posts: 2,148 ✭✭✭Smee_Again


    I’ve no idea but can you ask your employer to allow you expense a portion of Irish Life premium until it expires and then switch to company funded VHI?


  • #3
    AOH77A
    Registered Users, Registered Users 2 Posts: 127 ✭✭AOH77A


    Unfortunately not an option.


  • #4
    0ph0rce0
    Registered Users, Registered Users 2 Posts: 4,273 ✭✭✭0ph0rce0


    450 an adult and 150 a child, pretty sure it states somewhere with Irish Life that when you cancel or change policy the government levy is your cancellation penalty.

    EDIT:

    Taken from the site

    Irish Life Health will provide a 14-day cooling-off period from your renewal date, where you may cancel, get a full refund and switch to an alternative plan or insurer. Irish Life Health will also allow you to switch your plan mid-term to another Irish Life Health plan. However, you cannot switch from Irish Life Health to another insurer mid-term without penalty. You can cancel you policy by phone, email or letter.

    The mid-term cancellation charge will consist of the health insurance levy calculated on a pro-rata basis for each adult, student and child on the policy for the remainder of the policy term, together with an administration fee of €25 per policy.


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