Tax Relief at Source (TRS): Who Qualifies and What You Get
Learn how to get an automatic reduction in your private health insurance costs through the Tax Relief at Source scheme.
This scheme allows individuals to receive a reduction in the cost of their private health insurance through a tax relief mechanism.
Who it's for
This scheme is designed for anyone who pays for private health insurance. If you are paying for a private health insurance policy to cover your medical needs, you may be eligible for this specific relief.
What you get
The benefit is a 20% reduction in the cost of your insurance premium. Instead of claiming this back later through a tax return, the reduction is applied directly to your premium cost.
What it costs you
There is no direct cost to you to access this relief. You do not need to pay a fee or complete complex paperwork to trigger the benefit. The relief is applied automatically by your insurer, meaning the lower cost is handled as part of your standard insurance payment process.
The catch to know
The most important thing to verify is that your specific insurance provider is registered with the Health Insurance Authority. This relief is not universal to every private insurance product; it depends on your provider being officially registered with that specific authority. If your provider is not registered, you may not see the automatic reduction applied to your premium.
How to apply
- Confirm that you are paying for a private health insurance policy.
- Check with your insurance provider to ensure they are registered with the Health Insurance Authority.
- Monitor your premium payments to ensure the 20% reduction is being applied automatically by the insurer.