Change your income tier for the Australian Government Rebate (AGR)

Updating your AGR tier is important to ensure you're getting the right rebate based on your current income. If your income changes, you might qualify for a different rebate, which could change your premium. You can easily update your tier through your member account or the nib App.

You can change your income tier any time during the year, and the updated rebate will apply to your future payments.

If you have singles cover, your rebate depends on your age and taxable income for the financial year.

For couples, families, and single-parent family policies, the rebate is based on the age of the oldest person on the policy and your combined annual taxable income. You can learn more by visiting the Australian Taxation Office (ATO) website.

There are no penalties for choosing the wrong tier, but you may need to factor in a financial adjustment at tax time.

If you earn more than the tier you selected, you probably won't be eligible for as much of a rebate and you may need to pay back the difference in your tax return.

If you earn less than the income tier you selected, and are eligible to receive a higher rebate, you may receive this when you finalise your tax at the end of the financial year.