- 2015 Tax time FAQs
FAQs about your 2015 Private Health Insurance Statement
Your Private Health Insurance Statement is required for the private health insurance section of your tax return.
The Australian Taxation Office uses the information to calculate the correct level of Australian Government Rebate you're entitled to and to determine if the Medicare Levy Surcharge applies.
The frequently asked questions below aim to answer all the questions you might have about your Private Health Insurance Statement.
1. What is the health insurer ID?
AHB is the code used by the ATO to identify Defence Health.
2. The amount at label J is not my annual premium. Why not?
This amount is your share of premium that is eligible for the rebate which was paid in the financial year. Accordingly, even if you are the only person covered, it will not necessarily correlate to your annual premium.
3. Why are there two amounts of rebate at label K?
Because the rebate is adjusted from 1 April each year, you might have two different amounts of rebate to report. Enter each amount separately on your tax return – do not add up the amounts in any row or column.
4. What does the benefit code at label L mean?
The ATO uses the ‘benefit code’ to calculate your correct rebate, based on the age of the oldest person covered by your policy. It is a code only – not a percentage.
5. Why is my former partner listed on the Statement?
Any other adult covered by the policy at the time of a premium payment is indicated in the ‘other adult beneficiaries’ column. That person will be mailed a statement indicating his or her share of rebate for the relevant period of cover.
6. Why isn’t my serving ADF partner listed?
Serving members of the ADF are not listed as ‘other adult beneficiaries’ because they are not covered by the policy.
7. Why are my children not listed?
Only adults are listed. We consider your kids to be ‘dependant’ until age 21, or until 25 if they are single, full-time students.
8. What if I don’t need to pay tax?
The rebate on private health insurance is a ‘refundable tax offset’. So even if you don’t have to pay tax, you’ll receive your full entitlement as a refund from the ATO when you lodge your tax return.
9. Can I receive the rebate as a reduced premium?
10. What if I’m on the wrong rebate?
You will not be penalised if you have received the wrong rebate. If you are receiving too much, or too little, this will be reconciled by the ATO when you submit your tax return.
You can check the latest income thresholds and change the level of rebate you receive in the Member Area of our website. Or you can call us and we will adjust it for you.
11. What does the figure at label A mean?
This number refers to the number of days you held hospital cover with Defence Health. If you only have extras cover, or you held private hospital cover for less than 365 days, the ATO will refer to label A to assess whether the Medicare Levy Surcharge (MLS) applies to you.
12. I'm part of the Young Adult Support Plan. Where my hospital days listed?
Because your hospital cover is provided under your family’s policy, you’ll need to refer to Mum or Dad’s Private Health Insurance Statement for your label A hospital days.
13. What is the Medicare Levy Surcharge?
The Medicare Levy Surcharge is an additional tax on high income earners who do not have private hospital cover. The MLS increases from 1% to 1.5% according to income. All Defence Health hospital products exempt you from the MLS for the period you and your dependants are covered.