Health Insurance (Amendment) Act 2023

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Amendment of section 125A of Stamp Duties Consolidation Act 1999

6. Section 125A of the Stamp Duties Consolidation Act 1999 is amended by the substitution of the following definition for the definition of “specified rate”:

“ ‘specified rate’ means?—

(a) in respect of relevant contracts renewed or entered into on or after 1 January 2024 and on or before 31 March 2024?—

(i) €36 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for non advanced cover,

(ii) €146 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for advanced cover,

(iii) €109 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for non advanced cover, and

(iv) €438 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for advanced cover,

and

(b) in respect of relevant contracts renewed or entered into on or after 1 April 2024?—

(i) €35 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for non advanced cover,

(ii) €140 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for advanced cover,

(iii) €105 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for non advanced cover, and

(iv) €420 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for advanced cover.”.