How to Claim the Rebate as Part of Your Tax Return

When tax time comes around your health fund will issue you with a form that's known as a "Private Health Insurance Statement".

The Private Health Insurance Statement will outline:

The total premium of your policy,
The amount you paid for the financial year,
Any premium reductions received,
Your rebate entitlement.

Please note that there will be no premium reduction if you have chosen to claim the rebate as part of your tax return.

The total rebate you can claim in $ can be found in section G.

This is the $ amount you will receive on top of your tax return!

To claim the rebate you will need to write the $ amount located in G on your private health insurance statement, in section T5 (illustrated below) of your tax return form.

At the bottom of page 4, the green section, will ask you for your specific health fund details. These can be found in boxes B and C of your health insurance statement.

reresentation of section t5 in a tax return form

Note:
Your health insurance statement will also need to be submitted with your tax return.

This website is intended to provide general information only and does not constitute financial advice and should not be taken as such. iSelect urges you to seek advice on your specific situation from your financial advisor before making a decision.

The Medicare Levy Surcharge (MLS): About the Medicare Levy Surcharge; The Medicare Levy Surcharge and Your Tax Return
Personal Income Tax & Health Cover: Ways to save tax on health insurance
The Health Insurance Rebate: Explaining the Health Insurance Rebate; Claiming the rebate as a reduced premium; Claiming the rebate from a Medicare office; Claim the rebate as part of your tax return