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Means testing for private health insurance

2nd March 2012

Individuals and families may not be eligible for the full 30% rebate for their private health insurance premiums from 1 July 2012 with the government introducing new means testing on the 30% private health insurance rebate.

Individuals earning more than $83,000, or families earning more than $166,000, would start to lose the rebate in the 2012-13 financial year. In the 2012-13 financial year, the rebate would only cut out completely for singles once they were earning more than $129,000 a year and for families earning $258,000 or more.




Along with this, the rate of Medicare levy surcharge for individuals and families without private patient hospital cover may increase depending on their level of income.

For more info, feel free to give us a call, 07 4662 3722.

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