The Australian Government Rebate on Private Health Insurance was first introduced in 1999 to help Australians meet their health cover costs; so if you currently hold a Medicare card, and are covered with a complying health insurance product, you're entitled to claim the rebate on both Hospital and/or Extras cover when applying for private health cover. Alternatively, you can choose to pay full contributions through the year and then claim the rebate back at the end of the financial year through your tax return.
To apply for the Australian Government Rebate on Private Health Insurance on your HIF policy, please download the Australian Government Rebate on Private Health Insurance form, complete this and return to us at rebate@hif.com.au.
To work out the rebate you are eligible to claim from 1 July 2023, please refer to the table below:
| POLICY TYPE | BASE TIER | TIER 1 | TIER 2 | TIER 3 |
|---|
| SINGLE | $93,000 or less | $93,001 - $108,000 | $108,001 - $144,000 | $144,001 or more |
| COUPLE / FAMILY | $186,000 or less | $186,001 - $216,000 | $216,001 - $288,000 | $288,001 or more |
| AGE | APPLICABLE PRIVATE HEALTH INSURANCE REBATE |
|---|
| UNDER 65 | 24.608% | 16.405% | 8.202% | 0% |
| 65 - 69 | 28.710% | 20.507% | 12.303% | 0% |
| OVER 70 | 32.812% | 24.608% | 16.405% | 0% |