Health Insurance Family Health Insurance, pay via company or personally?

JohnSp

Registered User
Messages
29
Hi,

I've a Ltd co but am essentially a one man band so the sole employee. My wife recently changed jobs and whereas her old job paid for Private Medical Insurance for her, me and our two children her new role doesn't so I'm tasked with sourcing equivalent cover which currently is Irish Life Be Fit 2 - https://www.irishlifehealth.ie/health-insurance-plans/be-fit-2

Before I check the market using the HIA product comparison tool (https://www.hia.ie/comparison-tool/#/) I wonder if anyone here can tell me whether I'm better off getting my company to take out a policy which then becomes a BIK cost to me or whether I'm just better off paying for the cover personally?

Thanks for reading.
 
Get the company to pay as you only pay Tax on the gross premium, with allowance for the tax relief, rather than pay net premium out of after tax income.
 
Back
Top