Private Health Insurance Rebate

What is the Private Health Insurance Rebate?

The rebate helps reduce the cost of eligible private health insurance policies. It is income-tested, meaning the amount of rebate you receive depends on your income and age. You can claim the rebate either as a reduction in your insurance premiums or as a tax offset when you lodge your tax return.

Income Tiers

• Singles earning up to $93,000 or families earning up to $186,000 may qualify for the maximum rebate.
• Higher income tiers will receive reduced rebates.

Rebate Amounts

• Rebates vary by age and income. For example, Australians under 65 receive a maximum rebate of 24.608% if eligible.

Eligibility

• You must hold a compliant private health insurance policy to qualify.
• Your health insurance provider will usually report your rebate details to the ATO.

The rebate is calculated based on your income and age at the end of the financial year. You can choose to receive the rebate as a reduction in your premiums throughout the year or as a lump sum when lodging your tax return. Ensure your details are up-to-date with your health insurance provider.

FAQs

Q: How do I claim the rebate on my tax return?
A: Your health insurance provider reports your rebate details to the ATO. This information is pre-filled in your tax return, and the rebate is applied automatically.

Q: What if my income changes during the year?
A: If your income changes significantly, you may receive too much or too little rebate. This will be reconciled when you lodge your tax return, and you may owe money or receive a refund.