HEALTHCARE BENEFITS
Q&A
November 2025 FOR GOODBODY EMPLOYEES IN THE REPUBLIC OF IRELAND THIS CONTENT IS TO BE VIEWED BY GOODBODY EMPLOYEES ONLY AND IS NOT TO BE COPIED, DISTRIBUTED OR MODIFIED.
Goodbody provides all Goodbody Republic of Ireland (ROI) employees with the option to avail of a private health insurance benefit. Goodbody has selected Vhi as the provider and a plan, PMI 66 10, is available to ROI employees.
SECTIONS
Q&A
We have developed this Questions & Answers (Q&A) document to answer some of the questions you might have about this benefit. We have grouped the Q&A into categories to allow you to select the category of questions that reflects your own current circumstances.
1 I am a currently a Vhi member 2 I am a member of Laya / Irish Life Health 3 I don’t currently have health insurance 4 Lifetime Community Rating (LCR) 5 Tax 6 Information Sharing 7 Further Information
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1 I AM CURRENTLY A VHI MEMBER
1.1 I am currently a member of Vhi, what do I need to do? To avail of this healthcare benefit, you will need to log in to the Vhi online enrolment portal (using your current Vhi policy number) and transfer over to the Goodbody group scheme. Alternatively, you can call the dedicated Vhi Goodbody Concierge line on 056 7753054 and reference the group scheme 93494. When joining the Goodbody group scheme you will need to provide your employee number. If your current renewal date is scheduled for a period of time greater than 30 days from your intended transfer date, you must call the dedicated Vhi line rather than utilising the online portal. 1.2 When will my Vhi policy start? Your policy commencement date will be based on the date agreed between you and Vhi. The renewal date of your policy will be 1 January each year. 1.3 How does the benefit work? Goodbody will cover the cost of the Goodbody Vhi plan PMI 66 10 for all employees. To avail of this benefit, you must be part of the Goodbody group scheme. 1.4 How can I check my current level of cover? You can check your current cover by logging onto your MyVhi account or by calling the dedicated Vhi Goodbody Concierge line on 056 7753054. 1.5 I currently have a different plan, can I stay on that plan? Yes, you can stay on your current plan and become a member of the Goodbody group scheme. Once a member of the Goodbody scheme, the value of PMI 66 10 plan will be applied to your existing policy premium. Any difference in cost between the PMI 66 10 plan and your existing plan can be paid by you directly to Vhi by direct debit. As this additional cost is paid directly by you to Vhi, no BIK charges will be applicable for this portion of your policy. For the avoidance of doubt, in this instance your level of cover would be based on that of your chosen plan and not of PMI 66 10 plan. If you want to review your plan you can contact the Vhi team and they will help you to review your cover. 1.6 I currently have additional family members covered on my existing Vhi policy, what happens to them? You can choose to move your family members to the Goodbody group scheme and avail of PMI 66 10 or an alternative plan which meets their needs. The cost of providing healthcare for family members can be arranged directly between you and Vhi. You will need to update your payment details which can be done on the Vhi link. 2
2 I AM CURRENTLY A MEMBER
OF LAYA / IRISH LIFE HEALTH
2.1 I am a member of Laya/Irish Life Health and want to join the VHI Group Scheme, what should I do? If you wish to avail of the benefit you should contact your current insurer to check if you can leave your contract. If you do have the option to leave, you can avail of the Goodbody Vhi plan PMI 66 10 by joining the Goodbody group scheme through the Vhi Link. Please note that some insurers may insist that you complete the 12-month contract but be sure to mention that your employer is subsidising your health insurance. If your current insurer will not release you from your existing contract, you may wish to wait until the end of your existing contract to join the Goodbody Vhi plan PMI 66 10. You will be able to join the Goodbody group scheme at any time throughout the year. When joining the Goodbody group scheme you will need to provide your employee number. 2.2 When will my Vhi policy start? Your policy commencement date will be based on the date agreed between you and Vhi. The renewal date of your policy will be 1 January each year. 2.3 How does the benefit work? Goodbody will cover the cost of the Goodbody Vhi plan PMI 66 10 for all employees. To avail of this benefit, you must be part of the Goodbody group scheme. 2.4 I have an upcoming scheduled procedure/undergoing treatment – what should I do? Your current insurer will cover costs up to your renewal/cancellation date and Vhi will cover costs from the date you transfer over to Vhi. You will need to notify the hospital of your new insurance arrangements and provide the hospital with your new Vhi policy number. Once you have your procedure code from the hospital for your treatment, please contact the dedicated Vhi Goodbody Concierge line on 056 7753054. 2.5 I have day-to-day medical expenses that I need to claim from Laya / Irish Life Health, what should I do? Expenses incurred up to and including the end date of your contract with your current insurer can be claimed from Laya / Irish Life Health in the normal way. If you have any queries, you should contact Laya / Irish Life Health directly.
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3 I DON’T CURRENTLY HAVE HEALTH INSURANCE
3.1 When will the benefit apply? If you choose to sign up, your policy commencement date will be based on the date agreed between you and Vhi. The renewal date of your policy will be 1 January each year. 3.2 How does the benefit work? Goodbody will cover the cost of the Goodbody Vhi plan PMI 66 10 for all employees. To avail of this benefit, you must be part of the Goodbody group scheme. 3.3 I am not currently insured but I would like to sign up for a Vhi policy, what do I need to do? All eligible employees can join the Goodbody group scheme at anytime. You can join through the Vhi Online Enrolment Portal or alternatively you can call the dedicated Vhi Goodbody Concierge line on 056 7753054 and reference the group scheme 93494. 3.4 Can I sign up for the Vhi plan now? You can join the Vhi scheme immediately by contacting Vhi directly. The policy commencement date will be agreed upon by you and Vhi.
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4 LIFETIME COMMUNITY RATING (LCR)
4.1 What is LCR? Individuals who do not first take out private health insurance in advance of turning 35 years old are liable for a loading on policies amounting to 2% for each year that you are aged 35 and over. The maximum loading that can apply is 70% of premium in the event of a person aged 69 or older purchasing inpatient private health insurance for the first time. LCR is a feature of all private health insurance plans in the State and are not a unique feature of the Goodbody Group Scheme or PMI 66 10. 4.2 What is the LCR loading? The LCR loading is 2% for every year you have not signed up to a health insurance plan from age 35 on. LCR premium loadings are payable for a total of 10 years only. 4.3 Are there exemptions from paying LCR loading? Yes, the loading may be reduced if you have a qualifying period of credit. Examples of credit which may reduce your loading are credit for periods during which you had health insurance in the past or credit for periods, where in certain circumstances, you gave up your health insurance due to unemployment. For more information on these exemptions and other possible exemptions, please contact the Vhi Goodbody Concierge line on 056 7753054. 4.4 What happens if I switch insurer? If you have held health insurance with a previous insurer with no loading you will continue your cover with Vhi with no loading, however if you have held health insurance with a previous insurer with loadings, these will continue to apply with Vhi. 4.5 How is LCR applied in the Goodbody Group Scheme? When you opt to avail of the benefit Vhi will be able to advise of the level of LCR which will apply. The payment of this loading can be arranged directly by you with Vhi.
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5 TAX Does this benefit attract benefit-in-kind? Yes. As this benefit is a personal expense which is being paid on behalf of an employee by Goodbody, the benefit attracts a benefit-in-kind charge. How is Benefit-in-Kind Calculated? In order to calculate the tax due, the gross value of the policy premium is treated as an additional payment. Income tax, PRSI and USC will be calculated and deducted on the combined value of your typical taxable pay elements and the gross value of the policy premium. You will see this gross value on your payslip as a notional payment amount. This means that the value will be used to determine the appropriate tax due, but the value will not be processed as a payment to you. When will my Healthcare benefit appear on my payslip? The date your healthcare benefit first appears on your payslip will depend on your policy commencement date. Employees who are aligned with the policy renewal date of 1 January will see the benefit on their payslip from January of that year. For those employees who join after 1 January, they may not see the benefit on their payslip in the month they sign up for the benefit. This is because Goodbody is notified of scheme participants on the 1st of each calendar month. Employees included on that notification will see the healthcare benefit on their payslip that month. Example 1 - If you sign up on 28 January, your healthcare benefit will first appear on your February payslip. Your premium will be spread evenly across 11 months. Example 2 - If you sign up on 2 February, your healthcare benefit will first appear on your March payslip. Your premium will be spread evenly across 10 months. How much tax will I pay on this benefit? Benefit-in-Kind is calculated on an individual basis and is based on an individual's personal tax credits. Income tax, PRSI and USC will be calculated and deducted on the combined value of your typical taxable pay elements and the gross value of the policy premium. What is the gross value of the policy premium? The gross value of the policy premium for PMI 66 10 is detailed in the rate table on Engage.
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5 TAX
(CONTINUED)
Do I receive tax relief at source on my premium if Goodbody is paying it? In order to avail of the tax relief at source (‘TRS’) you must make a claim to Revenue. This can be done online and is a quick and easy process which can be done at the end of the year through your tax return via the “myAccount” section on the Revenue website. This can be accessed through the ‘PAYE Services’ and ‘Review Your Tax’ sections. The relief can be claimed in the health expenses section of the return. If I am paying the full value of a premium, for me or a family member to Vhi is there a tax liability? No! Income tax, PRSI and USC are only calculated against employee benefits provided by the employer. Therefore, if you are paying your own premium or premiums for others, you will have no tax liability. If I am paying a premium directly to Vhi will I get tax relief on the premium? Yes! Tax relief is granted at source for medical insurance premiums paid directly to an authorised insurer by an individual. As this reduction is applied to the premium you are paying there is no requirement for you to engage with Revenue.
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6 INFORMATION SHARING What information is shared between Vhi and Goodbody? There is limited information shared between Vhi and Goodbody. Goodbody will share your name and staff number with Vhi. This is for Vhi to know that you are a Goodbody employee who is eligible for this benefit. In order to process BIK for employees, Vhi will supply Goodbody with your name, employee number, plan name and the cost being covered by Goodbody. No medical information will be shared between Vhi and Goodbody.
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7 FURTHER INFORMATION Are there waiting periods? No, all Goodbody employees and immediate family members will be covered straight away from joining the Goodbody group scheme. Family members will benefit from any concessions/discounts that are available to Goodbody employees. Please note: Application dates cannot be backdated and cover is only in place from the date of application. Is there cover for pre-existing conditions? Yes, the waiting period for pre-existing conditions is waived for PMI 66 10 for Goodbody employees and their family. Can I change or upgrade my cover to another plan? Yes, you can contact the dedicated Vhi team and they will help you decide on the most suitable plan for your needs. If you wish to change or upgrade your cover, the value of PMI 66 10 plan will be applied to your existing policy. Any difference in cost between the Goodbody plan and your existing plan can be paid directly by you to Vhi by direct debit. For the avoidance of doubt, in this instance your level of cover would be based on that of your chosen plan and not of PMI 66 10 plan. What’s covered under the plan? The Goodbody Vhi plan PMI 66 10 covers public and private hospitals, a wide range of day-to-day medical expenses and much more. You can review PMI 66 10 plan factsheet or table of benefits for more details. Can I boost my cover? Yes. One of the corporate benefits of the Goodbody group scheme is that you have the option to temporarily boost (or increase) your cover for short periods of time to cover treatments not already covered under PMI 66 10. You can discuss this with Vhi directly and decide on the cover suitable to you. Any difference in cost between the PMI 66 10 plan and your boosted cover can be paid by you directly to Vhi by direct debit. As this additional cost is paid directly by you to Vhi, no BIK charges will be applicable for this portion of your policy. Can I add additional people to my policy? Yes, your spouse/partner, children (aged 0–17) and students (aged 18–20) can be added to your policy and Vhi will bill you directly for any additional people you choose to add to your policy. You will need to update your payment details which can be done on the Vhi link. I don’t want to avail of the health insurance through Vhi, what do I need to do? We understand that some people may want to continue with their own arrangements. If you don’t wish to avail of insurance through Vhi there’s no action for you take at this time. 9
7 FURTHER INFORMATION (CONTINUED)
If I don’t avail of the health insurance plan now, can I avail of it in the future? Yes. If you don’t wish to avail of this benefit at this time you will be able to avail of it at a later date. How do I sign up for this benefit? Enrolment for this plan, can be done through the Vhi Online Enrolment Portal at anytime. Alternatively you can join by calling the Vhi Goodbody Concierge line on 056 7753054 What information do I need to provide to join the Goodbody group scheme? When joining the Goodbody group scheme you will need to provide your employee number. If you choose to sign up for the online ‘My Vhi’ app you need to use your personal email address. Please Note: You cannot use your work email address to sign up for the online services. What happens if I leave Goodbody? If you leave the employment of Goodbody you will no longer be eligible to receive this benefit. Goodbody will cease paying your premium with effect from your exit date. The corporate benefits associated with the Group Scheme will also cease with effect from your exit date. Your plan will continue to be active up until it’s renewal date and the payment of your premium will be made by you directly to Vhi. What is the value of this benefit? A full table of premium values is available in the Health Insurance Hub on Engage. How and when will I receive my policy documentation? Your policy documentation will be issued to you within 5 working days. At the time of signing up to this benefit you will be given the choice of notification method. Vhi would encourage all policy holders to optin for online documentation and email notifications. I have additional questions about my new policy, who can I talk to? If you would like to speak to an advisor you can call the dedicated Vhi Goodbody Concierge line on 056 7753054 or via email at Goodbody@vhi.ie Who do I contact if my query has not been answered? If you cannot find an answer to your query, please contact HR by email HR@goodbody.ie
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QUESTIONS HR@Goodbody.ie
This Q&A is for Goodbody employees in the Republic of Ireland (ROI) only
THIS CONTENT IS TO BE VIEWED BY GOODBODY EMPLOYEES ONLY AND IS NOT TO BE COPIED, DISTRIBUTED OR MODIFIED.