Written answers

Wednesday, 11 January 2012

8:00 pm

Photo of Michael McGrathMichael 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]

Photo of Michael NoonanMichael 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 person200920102011
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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