helpmeunderstand
New member
Hi folks,
Not great at working these things out, but looking for some potential clarification on this.
I joined my companies healthcare policy via Irish Life earlier this year after seeing it was a good deal. However, after going over my last few payslips every two weeks I have a H&D BiK of €114 (paid fortnightly). I rang the broker who handles it to say I wanted to cancel the policy, who reached out to Irish Life who confirmed my rate should only have been €50.60.
The breakdown is like this:
I double checked my payslip, and double checked with colleagues who are all paying a BiK that comes out as nearly twice the policy price in tax annually. This fee only started appearing on my payslip after I joined the healthcare plan, and colleagues have confirmed the same thing for them.
A quick bit of pen and paper math worked out my annual H&D BiK at €2736.
Now that can't be right surely.
Not great at working these things out, but looking for some potential clarification on this.
I joined my companies healthcare policy via Irish Life earlier this year after seeing it was a good deal. However, after going over my last few payslips every two weeks I have a H&D BiK of €114 (paid fortnightly). I rang the broker who handles it to say I wanted to cancel the policy, who reached out to Irish Life who confirmed my rate should only have been €50.60.
The breakdown is like this:
Health Insurance Premium: €1378.80
Company Pays: €1328.20
You Pay: €50.60.
I double checked my payslip, and double checked with colleagues who are all paying a BiK that comes out as nearly twice the policy price in tax annually. This fee only started appearing on my payslip after I joined the healthcare plan, and colleagues have confirmed the same thing for them.
A quick bit of pen and paper math worked out my annual H&D BiK at €2736.
Now that can't be right surely.