elacsaplau
Registered User
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- 892
Happy New Year to All
My parents have just the cotributory state pension. They wish to keep up (via their savings) their health insurance premiums. I would appreciate some advice re the following please:
1. The renewal notice seems to show a gross premium. Are they entitled to a 20% reduction on this? If so, how do they go about this and why does the insurer not make this clear in the renewal notification?
2. Is the age related tax credit (ARTC) scheme in relation to medical insurance finished now? Because of the income level of my parents, they do not pay tax. However, it is not clear to me from the Revenue's website whether you need to pay tax in order o benefit from this tax credit. Reason for asking is that presumably if the ARTC applies irrespective of their tax status, then they may be able to claim for those years where they did not claim (i.e. the 4 year rule, etc.)
Thanks in advance for any help/advice.
My parents have just the cotributory state pension. They wish to keep up (via their savings) their health insurance premiums. I would appreciate some advice re the following please:
1. The renewal notice seems to show a gross premium. Are they entitled to a 20% reduction on this? If so, how do they go about this and why does the insurer not make this clear in the renewal notification?
2. Is the age related tax credit (ARTC) scheme in relation to medical insurance finished now? Because of the income level of my parents, they do not pay tax. However, it is not clear to me from the Revenue's website whether you need to pay tax in order o benefit from this tax credit. Reason for asking is that presumably if the ARTC applies irrespective of their tax status, then they may be able to claim for those years where they did not claim (i.e. the 4 year rule, etc.)
Thanks in advance for any help/advice.