The below information is for the 2019/2020 financial year and applicable to Australian residents only. You can access statements and information for previous years by logging in to your nib account.
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.
From 6 July 2020, log in to your nib account to download your 2019/2020 Private Health Insurance Statement if you need it.
What do I have to do?
If you do your tax online or through an accountant, you don’t need to do anything! We are required to send details of your private health insurance policy off to the ATO, so your private health insurance rebate details will automatically be uploaded for you.
If you choose to lodge a paper tax return, you'll need your Private Health Insurance Statement. For help on what sections you’ll need your statement for, visit the ATO website.
What does my 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
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 (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.
When will my statement be available?
Your Private Health Insurance Statement will be available to download from your nib account from 6 July 2020.
How can I find a copy of my statement?
You can access a copy of your Private Health Insurance Statement from your nib account.
What do I do if my statement is incorrect?
If you think that your statement may contain incorrect or out of date information, please contact us.
What if I didn’t have Hospital cover for the full year?
If you didn't have an appropriate level of Private Patient Hospital cover throughout the financial year, you or your tax agent can calculate the extra Medicare Levy amount.
What if I still want my Private Health Insurance Statement sent to me?
If you would like to have your 2019/2020 statement sent to you, please call us on 13 16 42 and a member of our team will be able to assist you.
Will I receive a Lifetime Health Cover Statement as well?
Previously you may have received a Lifetime Health Cover Statement from us. This information has now been combined with additional information on a Policy Statement, which you will receive from us if required.
If you have any tax related questions about your Private Health Insurance Statement, please contact the Australian Taxation Office on 13 28 61 or visit the ATO website.