Federal Government Rebate
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The Federal Government provides a 30% Rebate on the cost of private health insurance to make it more affordable by reducing your health insurance premiums.
The Rebate means you will get at least 30 cents back for every dollar you spend on your private health insurance premiums. For example, if your health insurance premium is $1,000 a year, you will receive $300 back from the Federal Government.
The minimum Rebate is 30% but it may be higher depending on the age of the oldest person on your health insurance policy. |
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Age of the oldest
person on your policy |
Federal Government Rebate |
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64 years or younger |
30% |
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65 to 69 |
35% |
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70 or older |
40% |
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Important Information about the Federal Government Rebate
Who is eligible for the Rebate?
If you are an Australian resident who is eligible for Medicare you can receive the Federal Government Rebate.
How can I claim the Rebate?
There are 3 ways you can claim the rebate:
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as a reduction on the cost of your health insurance premiums
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as a cash or cheque payment from a Medicare office
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as a rebate through your annual tax return
For more information about the Federal Government Rebate:
Note: For details on the proposed 2009 budget changes click here. |
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