Tax time

The below information is for the 2015/2016 financial year. You can still access statements and information for previous years in Online Services.

Every year, we issue a Private Health Insurance Statement to all adults who were covered by nib during the financial year.

From July 2, login to Online Services to download your 2015/2016 Private Health Insurance Tax Statement.

The Private Health Insurance Statement

Your Private Health Insurance Statement contains important information to help complete your Tax Return. You will need your Private Health Insurance Statement as proof of your rebate entitlement for tax purposes.

What does my Private Health Insurance Statement outline?

Your Private Health Insurance Statement outlines:

  • The premiums you have paid to nib during the financial year that are eligible for the Australian Government rebate
  • The amount of rebate you received during the financial year

If you are the policyholder, your statement will outline the details of any other adults who were on your policy at any point during the financial year. These individuals will be listed as "Other adult beneficiaries".

If you were covered on someone else's policy (your partner's, for example) your statement will also show their details.

The statement also tells you the number of days you had an appropriate level of Private Patient Hospital cover during the financial year (Refer to label A on the Private Health Insurance Statement). This will help you see if you will have to pay an extra Medicare Levy Surcharge.

If you did not have an appropriate level of Private Patient Hospital cover throughout the financial year, your Tax Agent will calculate the extra Medicare Levy amount for you.

If you have tax related questions about your Private Health Insurance Statement, please contact the Australian Taxation Office on 13 28 61. Or, visit the ATO website for more information.

When to expect your Private Health Insurance Statement

Statements will be distributed via mail and email from July 2. You will also be able to access your Private Health Insurance Statement via Online Services from this date.

nib cannot produce your Private Health Insurance Statement for this year until after the financial year ends on June 30.

Obtaining a replacement copy

You can access a copy of your Private Health Insurance Statement through Online Services. Login or register for Online Services.

My statement is incorrect

If you think that your statement may contain incorrect or out of date information, please contact us.

Lifetime Health Cover Statement

If you had nib hospital cover during the financial year and a Lifetime Health Cover loading was applied to your policy, nib will send you a Lifetime Health Cover (LHC) Annual Statement along with your Private Health Insurance Statement. Your LHC Statement shows the adults covered by nib hospital cover during the statement period, as well as any LHC premium loadings and/or periods of absence (any days without hospital cover) that may apply. This statement is for your information only and no action is required; you may simply like to keep it for your records.