July 2012

Private Health Insurance Rebate

From 1 July 2012 the private health fund rebate is income tested and subject to thresholds as per the table below.

Should you fall into a category whereby your rebate is reduced you can contact your private health provider and request they reduce the rebate withheld so you don’t have to pay it back through your tax return next year or alternatively you can choose to do nothing and the rebate will be included in next years assessment.