Tax Relief Changes

TRS (Tax Relief at Source) is a tax credit applied directly to your health insurance premium.

Since 2014, private medical insurers have been required to apply a 20% tax relief to the full gross premium on behalf of the Revenue Commissioners.

Contracts from 1st January 2024 until 31st December 2025 have a TRS rate of 19% as a result of a TRS Rate change by Revenue.

Contracts commencing from 1st January 2026 will have a TRS rate of 20% as a result of a new Revenue process which applies from 2026 onwards.

This change in TRS means that net premiums for customers will marginally decrease. This change is solely due to the updated TRS rate set by Revenue, and not due to any premium increase by laya healthcare.

You’re still eligible for tax relief at 20% of your premium, up to a maximum of €200 per adult and €100 per child each year. You don’t need to take any action — we apply this relief for you automatically on behalf of Revenue.