Pat Rabbitte (Dublin South West, Labour) | Oireachtas source

I move:

(1) THAT section 470 of the Taxes Consolidation Act 1997 (No. 39 of 1997), as it relates to relief for insurance against expenses of illness, be amended in subsection (1) -

(a) by inserting the following definition:

“ 'child' means an individual under the age of 18 years or, if over the age of 18 years and under the age of 23 years, who is receiving full-time education and is dependent on the individual with whom the contract is effected;”,

and

(b) by substituting the following for the definition of “relievable amount”:

“ 'relievable amount', in relation to a payment to an authorised insurer under a relevant contract, means -

(a) where the payment covers no benefits other than such reimbursement or discharge as is referred to in the definition of 'relevant contract', an amount equal to the full amount of the payment reduced by the amount of credit due (if any) under section 470B(4) and credit due (if any) under a risk equalisation scheme (within the meaning of the Health Insurance Act 1994), or

(b) where the payment covers benefits other than such reimbursement or discharge as is referred to in that definition, an amount equal to so much of the payment as is referable to such reimbursement or discharge reduced by the amount of credit due (if any) under section 470B(4) and credit due (if any) under a risk equalisation scheme (within the meaning of the Health Insurance Act 1994 (No. 16 of 1994)), provided that in respect of a relevant contract renewed or entered into on or after 16 October 2013 the relievable amount in respect of any payment made under a relevant contract, in respect of any 12 month period covered by that contract, shall not exceed the aggregate of -

(i) the lesser of the relievable amount attributable to each individual, other than a child, to whom the relevant contract relates, or €1,000 in respect of each individual, and

(ii) the lesser of the relievable amount attributable to each child to whom the relevant contract relates, or €500 in respect of each child,

and where the contract is for a period of less than 12 months or being for a period of 12 months is terminated before the end of that period, the relievable amount shall be reduced proportionately.”. (2) THAT this Resolution shall have effect in respect of relevant contracts (within the meaning of section 470 of the Taxes Consolidation Act 1997) entered into or renewed on or after 16 October 2013.

(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).

I am in substitute time now, but we will make it up as we go along, if we do not get help.

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