Most Australians with private health insurance currently receive a rebate from the Australian Government to help cover the cost of their premiums. The private health insurance rebate is income tested. The table below shows the rebate amount for different income thresholds. The rebate applies to hospital and general treatment policies. You must be covered by the policy in order to claim the rebate.
||$90,000 or less
||$90,001 - $105,000
||$105,001 - $140,000
||$140,001 and above
||$180,000 or less
||$180,001 - $210,000
||$210,001 - $280,000
||$280,001 and above
|Based on age and income from 1 April 2019 to 31 March 2021
|Medicare Levy Surcharge
The income thresholds are effective 1 July 2014 through to 30 June 2021. After this period they will increase annually from 1 July, based on growth in Average Weekly Ordinary Time Earnings. Single parents and couples (including defacto couples) are subject to the family tiers. For families with children, the thresholds are increased by $1,500 for each child after the first.
The Rebate levels change annually from 1 April, based on the Rebate Adjustment Factor. These Rebate levels are effective 1 April 2019. The Lifetime Health Cover component of a premium is not eligible for the Rebate.
^Single parents and couples are considered families. For families with children, the thresholds are increased by $1,500 for each child after the first. Age ranges relate to the oldest person covered on the policy.
*Income thresholds are determined by the Australian Taxation Office and will remain unchanged until 30 June 2021. The ATO has specific rules for calculating your ‘Income for Medicare Levy Surcharge purposes’. For more information, please go to www.ato.gov.au