I know my health insurance cover visits to the GP, hospital visits, tests etc, but can I claim back the cost of perscriptions I may have had over the year from the state?
Is there any advantage in claiming GP and hospital visits through my VHI Health Insurance cover? I have always claimed back all my expenses on a MED 1 Form.
Is there any advantage in claiming GP and hospital visits through my VHI Health Insurance cover? I have always claimed back all my expenses on a MED 1 Form.
Of course! Your health insurance will cover the full cost of many health expenses. Tax relief is only given at your marginal rate, be it 20% or 42% of the cost of your medical expenses. Also there is a threshold of €125 of your health expenses that does not qualify for tax relief. If your claiming health expenses in respect of more than one person, then this threshold rises to €250. You can claim tax relief on Med 1 form on the portion of your health expenses not covered by your health insurance.
Any qualifying expenses not covered by insurance (subject to the normal €125 or €250 limits) still qualify for tax relief. So - claim on your insurance and claim tax relief on any unreimbursed expenses over the relevant limit.