Federal Government Rebate
The cost of maintaining your health needs is expensive. To help ease this cost,
the Federal Government Rebate offers you a saving on the cost of your private health
cover. You just have to be an Australian resident who is eligible for Medicare* and have
private health cover.
There are different levels of Rebate, depending on the age of the oldest person
on your membership.
|
Age of the oldest person on your membership |
Federal Government Rebate |
|
64 years or younger |
30% |
|
65 to 69 |
35% |
|
70 or older |
40% |
For example: If you are eligible for the 30% Rebate, this means that for every dollar
you pay in contributions to NIB, the Government gives you 30 cents back.
There are three ways you can claim the Rebate:
- Use it upfront to reduce the cost of your contributions
- Claim it when you lodge your tax return
- Get a cash or cheque payment from a Medicare office
* Holders of Yellow Medicare Cards are not eligible to receive the Federal Government
Rebate.
For more information on the Federal Government Rebate, click here.
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