Important information for tax time.
It's that time of year again! In coming weeks many people will be preparing their tax returns for the 2010/11 financial year end. During July 2011, we will be mailing out all the information you need to complete the relevant private health insurance sections of your tax return.
This year, you will receive up to three statements, depending on the product(s) you hold and if you have claimed on their cover during the past financial year.
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Your Private Health Insurance Statement
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Your Annual Member Benefit Statement
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Your Annual Membership Summary
1. Your Private Health Insurance Statement (1 July 2010 - 30 June 2011)
Your HIF Private Health Insurance Statement ("Tax Statement") contains information that you will need to complete the Private Health Insurance sections of your tax return.
2. Your Annual Member Benefit Statement
This statement provides details of all private health insurance claims made against your membership during the 2010/11 financial year. The details include the claim type, patient, provider, date of service, type of service, fee charged and benefits received. It is important for you to check that services, provider fees and benefits have been received as recorded.
This statement will also assist you in determining whether your out of pocket health expenses are eligible for the Net Medical Expenses Tax Offset.
3. Your Annual Membership Summary
If you held a HIF hospital policy during the 2010/11 financial year, you will also receive an Annual Membership Summary including a Lifetime Health Cover information statement. HIF is required by law to provide you with this statement for your information. It is not required for the completion of your tax return.
If you did not receive one of the statements listed above but believe you should have, or you have a query regarding your statement, please call us on 1300 13 40 60.