HIA PROPOSE A ONCE OFF REDUCTION TO ANNUAL HEALTH INSURANCE LEVY
- The annual levy underpins the Risk Equalisation Fund which supports community rating
- Drop in claims due to Covid lead to a surplus in the Risk Equalisation Fund
- HIA propose a once off reduction of 10% on advanced products and 22% on non-advanced products
- Once off reduction allows HIA to return this surplus money back to the consumer
20 October 2021: The Health Insurance Authority (HIA) has recommended a once off reduction to the Health Insurance Levy paid by insurers to the Minister for Health, Stephen Donnelly, TD. The annual levy supports the community rating system which allows everyone, regardless of their health status and other risk factors, to buy the same health insurance policy at the same price.
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