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Private Health Insurance Rebate
The private health insurance rebate makes having health cover more accessible and affordable by applying a rebate to your premium. The rebate is an incentive for individuals and families to take out private health insurance. Depending on your income and age the rebate can help you reduce your premium, so you may pay less while getting the benefits private health cover has to offer.
The following rebates apply from 1 April 2018 to 31 March 2019
| Income for MLS Purposes
||Federal Government Rebate
|Age <65||Age 65-69||Age 70+|
|Age of the oldest person on membership|
Less than $90,000
Less than $180,000
$90,001 – $105,000
$180,001 – $210,000
$105,001 – $140,000
$210,001 – $280,000
More than $140,001
More than $280,001
What happens if you claim the wrong rebate amount?
If from 1 July, you claim a higher rebate than you are eligible for on your Navy Health premium, the amount of the wrongly claimed will be added as a liability to pay back on your tax return for that year. If you think you’ll be affected, we recommend you nominate your rebate amount by logging into Online Member Services.
What happens if you drop your health cover?
If you fall into Tier 1, 2, or 3 and you do not have private hospital cover from 1 July, you will incur the Medicare Levy Surcharge (MLS) on your taxable income, which will be applied as per the table above.
If you are a serving member, you are currently exempt from the Medicare Levy, however you are not be exempt from the MLS (if you have a combined income with your partner) that will be calculated on your household ‘income test’.
So if you decide to cancel your private hospital cover, your combined household income (yourself and your partner) will be used to calculate any MLS that may apply, as per the above table, despite you serving full-time in the ADF. If you have any questions regarding your circumstances, please call us on 1300 306 289.
If you are still unsure about the changes and how they may affect you, we encourage you to call Navy Health Member Services on 1300 306 289.