Recoverable Benefits and Assistance Scheme – What insurers need to know (The Irish perspective)November 2014
On 1 August 2014 the Recoverable Benefits and Assistance Scheme came into effect. The central provisions are contained in sections 13 and 14 of the Social Welfare and Pensions Act 2013 which commenced on 1 August 2014.
The essence of the Scheme is to require defendants (in most cases this will be insurers) to reimburse the Department of Social Protection for certain illness related benefits received by plaintiffs in personal injuries cases. The Scheme is retrospective in effect which means the Department can recover any benefits paid before the 1 August 2014.
To read more of this article which highlights which benefits are covered and how the scheme works, please click on the link below.Download PDF