Written answers
Wednesday, 11 January 2012
Department of Finance
Tax Yield
8:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 60: To ask the Minister for Finance the amount raised from the levy on private medical insurance policies in each of the past three years; the rates of payment for different category of insured person that are made under the scheme; and the amounts paid to each of the medical insurers. [1507/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the amount of the levy on authorised health insurers collected in the years 2009 to 2011 is as follows:
Tax Year Amount
2009 €197million
2010 €317million
2011 €346million
The 2011 figure is provisional and subject to revision.
The rates of payment of age related tax credits (ARTC) for the different categories each year are as follows:
Age category of insured person | 2009 | 2010 | 2011 |
50-59 years | €200 | €200 | €0 |
60-69 years | €500 | €525 | €625 |
70-79 years | €950 | €975 | €1,275 |
80 years and over | €1,175 | €1,250 | €1,725 |
The amounts of ARTC paid in respect of insured persons in the respective age categories, based on the cash flow payout to insured aged persons derived from claims made in the years 2009 to 2011 to date, are as follows:
Age category of insured person 2009-2010-2011
50-59 years | €39 million | €53 million | €6 million |
60-69 years | €73 million | €104 million | €122 million |
70-79 years | €71 million | €101 million | €133 million |
80 years and over | €33 million | €50 million | €73 million |
Total | €216 million | €308 million | €334 million |
For reasons of taxpayer confidentiality it is not possible to provide details of the amounts paid to each of the medical insurers involved.
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