Not sure if you can backdate claims under the drug payment scheme. You can backdate MED1 or other tax claims for the previous 4 tax years - i.e. as far back as 2003 right now.Medication costs 210 per month. I didn't sign up to drugs payment scheme until this month? Can i claim back for last few years?
The max you can claim on the Med 1 for prescriptions is the max allowed on the DPS. Is it still 85 per month?
If you've got receipts showing you paid more than €85 in any month, can you not claim on Med 1 for those amounts?
The DPS limit is still €85
Do you need to send in original receipts? If so then at least keep a photocopy for MED1 purposes. You don't send in receipts with a MED1 claim but need to keep them or some form of proof of payment in case Revenue ever check your MED1 claim.If I send in the receipt with the application form
Bear in mind that you can only claim MED1 tax relief on expenses that are not otherwise reimbursed. So if you had an expense of €157 and got the excess over €85 or €90 refunded then you can only claim tax relief on the remaining €85 or €90.will I get it back to claim on the Med1 form?
You mean 41%? Yes. But...If I didn't bother with the DPS card and just claimed it all on the Med1 for (thus getting 40% back) - can I do that?
Bear in mind that you can only claim MED1 tax relief on expenses that are not otherwise reimbursed.
You mean 41%? Yes. But...
€157 @ 41% = €64.37
whereas
€67 @ 41% = €27.47 + €90 refunded = €117.47
I've just had to pay 157euro for a prescription today and I don't have the DPS card. So what are my options? Can I apply for drugs payment card now and claim the 72euro (157-85) back? If I send in the receipt with the application form, will I get it back to claim on the Med1 form? Do they reimburse me or do I have to go back to the pharmacy with the card to get the money back?
Thanks!
Is that true?Not strictly correct I believe. It should read "not otherwise reimbursed or reimbursable." You have to deduct "Sums received or receivable in respect of any of the above expenses
(i) from any public or local authority e.g. Health Service Executive"
So if it is possible to claim medical expenses some other way (eg HSE or VHI) you cannot get tax relief for them.
Sorry if I got it wrong but my point was to compare the two possible alternative ways of claiming to show that one is clearly better than the other.But its the 67 that is refunded, no?
157 @ 41%=64.37
or
67 + (90 @ 41%)= 67 + 36.9 = 103.9
The forms for joining the dps and claiming excess payments are available from your chemist.
You send them to the HSE.
They do require receipts for any retrospective refund claim.
If I want to send in a med1 for 2006 and 2007 do I put them on a separate form? Or just do it on one and take off the 125 excess? thanks