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A Healthy Tax Time Tip form the Money Tips Team

What are the key tax tips for managing changes in private health insurance rebates?

A Healthy Tax Time Tip form the Money Tips Team

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Changes to the Private Health Insurance Rebate are coming on 1 July, 2012, so if you’ve been putting off “doing something” about your health insurance situation, NOW is the time to act!! MONEY TIPS is pleased to offer you this very timely opportunity to review or re-assess your private health insurance situation.
There are good reasons to consider private health insurance from a tax point of view…for example, if your income is above $84,000 (individual) or $168,000 (families) and you don’t have private health insurance, you face an additional Medicare levy payment of between 1 and 1.5 percent.

Whether you (or your family members) are taking out health insurance for the first time, or would like a review of your current policy and level of cover, simply click on the link below, complete the enquiry form, and a representative of health insurance specialists Australian Unity will contact you. It’s that simple!

As a June 30 extra incentive Australian Unity is also offering one month’s free cover and an exemption on some waiting periods if you take out hospital and extras cover by June 30. Terms and conditions apply. Ask the Australian Unity representative for details when they contact you after submitting your enquiry through the link below.

Click Here to Enquire Now

Published: Thursday, 7th Jun 2012
Author: 248


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Insurance News

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Australian private health insurance premiums are set to rise by an average of 4.41% from 1 April 2026, marking the most significant increase since 2017. Health Minister Mark Butler stated that this adjustment reflects the escalating costs of medical and hospital services, which have risen by 5% over the past financial year. This increase is expected to impact over 15 million Australians who hold private health insurance policies. - read more
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In response to escalating operational costs faced by private hospitals, health insurers have increased their payments to these facilities. Recent data indicates that payments to private hospitals have risen by 7.7% in the year leading up to March 2025. This adjustment aims to support private hospitals during a period of financial strain and to ensure the continued delivery of quality health care services. - read more
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In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
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