Tax time

This information is for the 2025/2026 financial year and applicable to Australian residents only. You can access statements and information for previous years by logging in to your member account.

How your private health cover helps you at tax time

Private health insurance could help you save come tax time. If you earn more than $101,000 as a single or $202,000 as a family, having private hospital cover can not only help you avoid the Medicare Levy Surcharge but also give you access to the Australian Government’s rebate.

Private health insurance tax offset

The private health insurance tax offset is also known as the Australian Government Rebate. You can claim the offset to reduce your health insurance premium or it can be claimed when you lodge your tax return with the Australian Taxation Office. Your offset amount is determined by your annual household income and the age of the oldest person on your cover.

Having Hospital cover not only gives you access to the private health insurance tax offset, but it can also help you avoid the Medicare Levy Surcharge. You can use our Medicare Levy Surcharge calculator to see the extra tax you might have to pay if you don't have private hospital insurance and earn over a certain amount. 

Understanding your tax statement

To help make tax time a bit easier, a Private Health Insurance Statement is no longer required to complete your tax return. This information is available when you select the pre-fill option when completing your tax return online. If you use a tax agent to complete your tax return, they can also access this information.  

A Private Health Insurance Statement is only required when your policy details have not been pre-filled or if you use a paper tax return.  

What does your statement include?

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 

• Your rebate amount 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. They will be listed as "Other adult beneficiaries". If you were covered on someone else's policy (for example, your partner's) 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 your statement). This will help you see if you have to pay an extra Medicare Levy Surcharge.