How You Can Save
There are also a number of federal government initiatives that are aimed at encouraging more people to take out private health insurance and these can help you to reduce the costs of your private health insurance and in certain circumstances, if you don’t have hospital cover, you may have to pay an additional surcharge at tax time. These government initiatives include:
Although some people see private health insurance as something only people on a substantial wage can afford, the introduction in 1999 of the 30% rebate saw a 50% increase in private health fund membership.
- Around 3.4 million people on household incomes less than $35,000 per annum have private health insurance.
- 5.6 million people on household incomes less than $50,000 per annum are privately insured.
(Source: Australian Taxation Office and Australian Bureau of Statistics)
While premiums do go up due to inflation and other factors, the 30% rebate has made cover much more affordable. In fact when we compare the cost with average weekly earnings, the rebate means health insurance costs us no more in real dollars than it did in 1998.
Private health fund premiums may vary in accordance with the cost of health care and the type of cover you have.
Comments
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Carolyn Potter
14 February 2012Yes we fall into the incomes less than $35,000 and have paid private health for 40yrs.We are now pensioners and financially the cost is starting to hurt.We are fairly healthy stay away from medical remedies as we like our Naturopath excercise and healthy diet.However if we had to have knee or hip surgery in the future we would like to choose our specialist, and not put on too longer waiting list, and most importantly prefer not to be in a bed next to a prisoner drug addict or worse. Unfortunately what Ms Gillard intends to do will affect the battlers! the most because Mega rich including her would be able to pay out right for surgery and drop their health insurance. I don’t have a problem with rich people we need the help of their taxes to fund all Julia’s disasters. Sorry this is a huge comment.
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14 February 2012
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Home > How You Can Save
The 30% Rebate
Calculate Your Private Health Insurance Rebate
Lifetime Health Cover
Medicare Levy Surcharge
How You Can Save
There are also a number of federal government initiatives that are aimed at encouraging more people to take out private health insurance and these can help you to reduce the costs of your private health insurance and in certain circumstances, if you don’t have hospital cover, you may have to pay an additional surcharge at tax time. These government initiatives include:
30% Private Health Insurance Rebate
Lifetime Health Cover
Medicare Levy Surcharge
Although some people see private health insurance as something only people on a substantial wage can afford, the introduction in 1999 of the 30% rebate saw a 50% increase in private health fund membership.
Around 3.4 million people on household incomes less than $35,000 per annum have private health insurance.
5.6 million people on household incomes less than $50,000 per annum are privately insured.
(Source: Australian Taxation Office and Australian Bureau of Statistics)
While premiums do go up due to inflation and other factors, the 30% rebate has made cover much more affordable. In fact when we compare the cost with average weekly earnings, the rebate means health insurance costs us no more in real dollars than it did in 1998.
Private health fund premiums may vary in accordance with the cost of health care and the type of cover you have.
Comments
Carolyn Potter
14 February 2012 Yes we fall into the incomes less than $35,000 and have paid private health for 40yrs.We are now pensioners and financially the cost is starting to hurt.We are fairly healthy stay away from medical remedies as we like our Naturopath excercise and healthy diet.However if we had to have knee or hip surgery in the future we would like to choose our specialist, and not put on too longer waiting list, and most importantly prefer not to be in a bed next to a prisoner drug addict or worse. Unfortunately what Ms Gillard intends to do will affect the battlers! the most because Mega rich including her would be able to pay out right for surgery and drop their health insurance. I don’t have a problem with rich people we need the help of their Taxes to fund all Julia’s disasters