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Private Health Insurance

Private Health Insurance

From 1 July 2012, the private health insurance rebate will be subject to an income test affecting singles earning above $84,000 and families above $168,000. A tiered approach has been introduced for incomes above these amounts with reductions for those earning up to $130,000 for singles and $260,000 for couples. People with incomes above this amount receive no rebate at…read more →

Changes to the Net Medical Expenses Rebate

Changes to the Net Medical Expenses Rebate

From 1 July 2012, the net medical expenses rebate that allows you to claim a 20% tax offset for out of pocket medical expenses above $2,060 will be means tested. For those with incomes above $84,000 (for singles) and $168,000 (for couples), the offset will only be available for out of pocket medical expenses in excess of $5,000 and will…read more →