The Australian Government rebate system was introduced to assist the affordability of Private Health Insurance to all Australians by the introduction of a means tested and income and age based tiered table to reduce the coast of premiums.
![](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20318%2090'%3E%3C/svg%3E)
CLAIMING THE REBATE
If you are eligible for the rebate, there are two ways you can claim:
- through a reduced premium; or
- through your tax return with ATO
WHAT IF I NOMINATE THE WRONG TIER?
- If you choose to claim the rebate as a premium reduction, you will to nominate a tier based on the above table.
- If you nominate a tier that results in a lower or higher rebate than your income entitles you to, you will receive an adjustment in your tax return at the end of the financial year.
THE REBATE & LIFETIME HEALTH COVER
Lifetime Health Cover (LHC) is a financial loading applied on top of your hospital premium at a rate of 2% for every year you are aged over 30 when you take out hospital cover, up to a maximum of 70%. The LHC loading is removed once you have held hospital cover and paid the loading for 10 continuous years.
If you currently pay a LHC loading, the Rebate does not apply to the LHC component of your hospital cover premiums (as of 1 July 2013). You still receive the Rebate on the standard component of your hospital cover.
CLICK HERE FOR A HEALTH COVER PLAN THAT’S JUST RIGHT FOR YOU.