How to claim tax back on medical expenses portion not covered by VHI

Cluedo Monopoly · 27-12-2021 1:24pm #1

I got a document from the VHI showing my 'Statement of Benefits'. It shows Total Charge and Total Benefit amounts for the last 3 years.

I believe I am entitled to tax back on the difference between the two amounts. If so, how do I enter than on MyRevenue?

ari101 · 27-12-2021 9:23pm

Complete a tax return through my account (revenue how to vid linked):

https://youtu.be/HzwxujmC6tc

In the credits section add the necessary amounts under health.

Be aware some health insurance plans cover things like optical and dental benefits which are not allowable so make sure to exclude anything like this (as well including prescription charges which health insurance generally don't cover).

byhookorbycrook · 28-12-2021 10:18pm

https://www.boards.ie/discussion/2058224519/how-to-claim-tax-back-on-medical-expenses-portion-not-covered-by-vhi

Hi, just wondering if you got this automatically or if you had to apply for it?

Cluedo Monopoly · 28-12-2021 10:34pm

https://www.boards.ie/discussion/comment/118384215#Comment_118384215

I had to ask VHI for a statement of benefits and then add it to ROS

Geuze · 29-12-2021 1:12am

Please note that tax relief is available on all qualifying medical expenses, whether they are linked to health insurance or not.

For example, paying 50+ to GP, you get tax relief on that.

L1011 · 29-12-2021 1:18am

https://www.boards.ie/discussion/comment/118384795#Comment_118384795

The importance of the health insurance element here is that you can't double dip

If your insurer pays you back 50%, you can only claim tax relief on the balance.

ClaptonBay · 30-12-2021 11:22pm

Just looking at this for a relative in the public sector. It looks like the employer (HSE) offer a reduced rate for VHI on a group scheme which is then deducted at source fortnightly. However, it doesnt appear to be a BIK as it appears only optional to join, from what i can see.

Is it correct to say because its not a BIK, she cant claim the 200euro relief on their revenue online account? Or can they still claim as, although not a BIK, its paid by the employer to the insurer?

Could anyone clear this up. I cant figure which is correct.

For myself, as its a BIK from my employer i claim for relief on my revenue account..although the TRS is taken into account when calculating your premium.

Use myAccount to claim the credit(s) if your employer pays medical insurance relief for you or your family. You can make a claim during the year or after the year has ended.

relax carry on · 31-12-2021 12:33am

https://www.boards.ie/discussion/comment/118394043#Comment_118394043

It's not a benefit in kind paid by their employer. The employer is just allowing them to have their health insurance payments deducted via salary. They are paying for it themselves and just like anyone else that pays for their health insurance, they are getting tax relief at source on it. If they look at their premium statement they will see it already has tax relief factored into the price they are paying.

Also if trs is already applied to your own employer paid premium, how are you claiming more relief?

ClaptonBay · 31-12-2021 1:56am

https://www.boards.ie/discussion/comment/118394328#Comment_118394328

Well this is what I need to check for myself but the below is from the revenue website.

Your employer may choose to pay medical insurance to an approved insurer for you or your family as a benefit-in-kind. If they do, you will:

be taxed on the gross value of the policy or policies
need to claim medical insurance tax relief from Revenue as it was not given at source.

So if tax is applied on the gross value then it seems you are entitled to it.

relax carry on · 31-12-2021 2:29am

https://www.boards.ie/discussion/comment/118394511#Comment_118394511

I don't think you are getting it. Their employer is not paying it. They are. As they are paying for it themselves just like anyone else, the tax relief is already applied at source just like everyone who pays for their own health insurance. If it was paid gross for them by their employer and showed as a benefit in kind then they could look for tax relief from Revenue.

Geuze · 31-12-2021 12:11pm

No public service employer pays for health insurance, partly or in full, for any employee.

How to claim tax back on medical expenses portion not covered by VHI

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