Federal Government Rebate
What is the Federal Government Rebate?
The Federal Government 30% Rebate on private health insurance makes heath cover more affordable for eligible members by reducing premiums.
The rebate levels are:
- 30% off your premium for those aged 64 or under.
- 35% off your premium for those aged 65-69.
- 40% off your premium for those aged 70 or more.
You can claim the 35% or 40% rebates on your entire membership as soon as at least one member fits into either of the relevant age categories.
Members can get the rebate in one of three ways:
- An automatic reduction in premiums - you can register to receive the rebate as a reduction in premiums when you join online.
- Claim your rebate from Medicare - Medibank Private can provide you with a receipt for the premiums you have paid and then you can claim your rebate from any Medicare office.
- Claim in your tax return -when completing your tax return, refer to the Private Health Insurance Statement we send you each year. This tells you the rebate amount you are eligible to claim.
Preserving Choice - A defence of Public Support for Private Health Care Funding in Australia
In late 2003, Medibank Private commissioned research from Professor Ian Harper of the Melbourne Business School to better understand economic benefits of the private health insurance rebate. Professor Harper's report, 'Preserving Choice - A defence of Public Support for Private Health Care Funding in Australia', was publicly released in April 2004. Ian Harper is one of Australia's most distinguished academic economists. He has worked closely with Governments, Banks, Corporations and leading professional firms. He was also a member of the celebrated Wallis Inquiry, which was at the forefront of financial market reform in Australia.
To read Professor Harper's report, select one of the .pdf versions below:
Find out more information at AHIA's 30% Rebate
AHIA 'Save Your 30% Rebate' (37KB)
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