- What Is The Medicare Safety Net?
- Health Insurance Claim Process
- Best Health Insurance
- Cheap Health Insurance
- Lifetime Health Cover Loading (LHC)
- Rate Rise Calculator
- Health Cover Check-Up
- Hospital & Extras Cover
- Ambulance Cover
- Dental Cover
- Pregnancy Insurance
- Health Insurance Waiting Periods
- Health Insurance Tax
- Penalties & Benefits
- How To Save On Health Insurance
- The Medicare Levy Surcharge (MLS)
- Australian Government Health Rebate
- Health Insurance Rate Rise
- The Medicare Levy
- Medical Gap Scheme
- Australian Government Rebate
- Life Stages Health Insurance
- Why Should I Get Health Insurance?
- Joining a Health Fund
- Review your health cover
- Switching Health Funds
- Finding Suitable Health Insurance
- Tips On Selecting Health Insurance
- A Better Way To Buy Health Insurance
- Participating Health Funds
- myOwn Health Insurance
- Medibank Private Health Insurance
- Frank Health Insurance
- Australian Unity
- Bupa Health Insurance
- Latrobe Health Services
- Health Partners
- Health Insurance For IVF
- What Is Crohn’s Disease?
- Private Health Insurance Tiers
- What Is Shingles?
- What Is Eczema?
- How To Discover If You Need Health Insurance
- Health Insurance & Pre-Existing Conditions
- Health Insurance Reforms
- Health Insurance FAQs
- Health Insurance Glossary
- How We Make Money
- Cancer Health Insurance
- How To Cancel Your Health Insurance
- Body Mass Index (BMI) Calculator
- Health Insurance For Cosmetic Surgery
- Health Care Insurance
- Commonwealth Seniors Health Card
- What Is HICAPS?
- Health Insurance For Single Parents
- Allied Health
How to Claim the Rebate as Part of Your Tax Return
When tax time comes around your health fund will issue you with a form that’s known as a “Private Health Insurance Statement”.
The Private Health Insurance Statement will outline:
- The total premium of your policy,
- The amount you paid for the financial year,
- Any premium reductions received,
- Your rebate entitlement.
Please note that there will be no premium reduction if you have chosen to claim the rebate as part of your tax return.
The total rebate you can claim in $ can be found in section G.
This is the $ amount you will receive on top of your tax return!
To claim the rebate you will need to write the $ amount located in G on your private health insurance statement, in section T5 (illustrated below) of your tax return form.
At the bottom of page 4, the green section, will ask you for your specific health fund details. These can be found in boxes
B and C of your health insurance statement.
Your health insurance statement will also need to be submitted with your tax return.
This website is intended to provide general information only and does not constitute financial advice and should not be taken as such. iSelect urges you to seek advice on your specific situation from your financial advisor before making a decision.