Federal Government Rebate

How does the Federal Government Rebate affect me?

The Federal Government Rebate aims to make private health cover more affordable, and was introduced by the Federal Government to encourage permanent residents in Australia to take out private health insurance.  Regardless of your income, private health insurance now costs you less with the Federal Government Rebate.

How does it apply to me?

If you are Medicare eligible and:

  • under the age of 65, you are entitled to a 30% rebate;
  • between 65-69 years of age, you are entitled to a 35% rebate;
  • 70 years of age or over, you are entitled to a 40% rebate, on your premiums.

How can I claim the rebate?

Members can get the rebate in one of three ways:

  • An automatic reduction in premiums – a form for registering to have the Rebate as a reduction in premiums is included with the application form in our brochure.
  • A direct refund from Medicare (the Health Insurance Commission)
  • A tax rebate in your annual tax return

Do I have to complete the Federal Government rebate form? If so, why?

If you want to receive your rebate as a reduction on your contributions, (most people prefer to receive their rebate this way), you need to complete the Federal Government rebate form.

If I am not claiming the Federal Government rebate, will I receive a statement to submit with my tax return?

Yes.  Under the current Federal Government Legislation we need to provide you with a Private Health Insurance Tax Statement confirming your Navy Health insurance membership each financial year.  The statement will help you complete your tax return.  If you haven’t received the rebate as a reduced contribution, this statement will detail the rebate that you may receive on your tax return.

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