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Medical insurance rebates

medical insurance rebates

Benefit code The level of your rebate is calculated on the age of the oldest person covered by the policy.
Couples or families must have an excess of 1,000 or less.Using the statement shown in the Example above, at Your premiums eligible for Australian Government rebate on your return, you would enter 1322 on one line and 280 on the next line.For more information on AGR, visit /privatehealthinsurance australian discount retail stores and you can also go to to calculate your rebate.Your premiums eligible for Australian Government rebate This is your share (in dollars) of the premiums that have been paid for your policy.If you have private health insurance, in July each year you should receive a statement from your registered health insurer.This is because we need to assess your entitlement for a private health insurance rebate.Depending on how you claimed the rebate, and the percentage you claimed, this may result in a tax liability and/or a tax offset.Find out about: If someone else pays your premiums.This is the time your insurer physically receives the amount, not the date the payment was made to the insurer, or when the insurer allocated the amount to your account.Using the statement shown in the example statement, at Your Australian Government rebate received on your return you would enter 354 on one line and 73 on the next line.
If you have a higher income, your rebate entitlement may be reduced, or you may not be entitled to any rebate at all.If you have an arrangement with your employer to pay the premium, the premium payment occurs when your private health insurer receives the amount your employer paid.You will need this statement to complete the private health insurance policy section on your tax return.The rebate percentage is adjusted on 1 April each year.The Private health insurance rebate calculator will use your estimated income for surcharge purposes for the current income year to help you work out: your entitlement to the private health insurance rebate the rebate percentage that you can claim.