Hospital Insurance (Standard Premium) Regulations 2003
HOSPITAL INSURANCE (STANDARD PREMIUM) REGULATIONS
2003

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BR 20/2003

HOSPITAL INSURANCE ACT 1970

1970 : 523

THE HOSPITAL INSURANCE (STANDARD PREMIUM)
REGULATIONS 2003

The Minister, in exercise of the powers conferred upon him by
section 40(1)(b) of the Hospital Insurance Act 1970, makes the following
Regulations:

Citation and commencement
1 These Regulations may be cited as the Hospital Insurance
(Standard Premium) Regulations 2003 and shall come into operation on
1 April 2003.

Standard premium
2 Subject to regulation 3, the standard premium payable in
respect of standard hospital benefit shall be $108.30¢ a month (or
$24.99¢ a week where paid weekly) of which $16.40¢ a month (or $3.78¢
a week) shall be paid into the Mutual Re-Insurance Fund.

Persons over the age of 65
3 The standard premium payable in respect of standard hospital
benefit for persons over the age of sixty-five years who do not qualify for
subsidised hospital treatment under section 2(1)(b) of the Act shall be
$384.00¢ a month (or $88.61¢ a week) of which $16.40¢ a month (or
$3.78¢ a week) shall be paid into the Mutual Re-Insurance Fund.

Recission
4 The Hospital Insurance (Standard Premium) Regulations 2002
are recinded.

HOSPITAL INSURANCE (STANDARD PREMIUM) REGULATIONS
2003

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Made this 19th day of March, 2003

Minister of Finance