Use the simple calculator below to quickly find out what your current private health insurance rebate is worth and how much you have to pay when your rebate is means-tested from 1st July 2013 onwards.
|Age Group *|
|Calculate rebate based on *|
(before rebate applied)
* compulsory field
- Rebate calculations are based on the information that you have provided and the income tiers outlined by the Australian Federal Government.
- If your rebate is to change, contact your private health insurer now and tell them which tier you are in to avoid a potential tax liability.
- Single parents and couples (including de facto couples) are subject to the family tiers.
- For families with multiple children, the income threshold increases $1,500 for each child after the first. For example, a Tier 1 family with three children will have its income threshold increased by $3,000 – from $176,001 to $179,001.
- If you or your family don’t have private health insurance hospital cover, or you choose to cancel your cover, you will pay the Medicare levy surcharge if you earn more than $88,000 (single) or $176,000 (family) in the 2013-14 financial year.
- You may also pay Lifetime Health Cover if you buy hospital cover when you are 31 or older.
- The tiers are based on more than your taxable income. To work of your income, use the Australian Taxation Office (ATO) Private Health Insurance Rebate calculator.