The Health Insurance Act 1994 (Section 17) Levy (Amendment) Regulations 2010
The Health Insurance Act 1994 (Section 17) Levy Regulations 2001 provide for the imposition of a levy on registered undertakings (health insurers registered on the Register of Health Benefit Undertakings) to fund the costs and expenses of the Health Insurance Authority (HIA). The regulations currently provide for a levy of 0.14% of premium income.
The HIA has, in view of the altered economic environment and the rising cost of private health insurance premiums, reviewed the percentage of premium income paid by registered insurers required to meet the expenses of the HIA and to provide for adequate contingencies. The HIA has recommended that the levy paid by registered undertakings be reduced from the current level of 0.14% of premium income to 0.12% of premium income.
The Minister for Health and Children has therefore decided to reduce the levy in accordance with the recommendations of the Health Insurance Authority
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