I am 45 year old and I am taking out health insurance for the first time on or after 1 May 2015. My community rating premium (after tax relief) is @1,000 per annum. What premium shall I pay including the lifetime community rating loading?
The annual premium is €1,000 plus €200 tax relief €1,200
The loading is 22% of the gross premium of €1,200 €264
Gross premium including Lifetime Community Rating loading €1,464
Tax relief of 20% gross premium limited to €200 €200
Amount Payable €1,264