The Federal Government Rebate on private health insurance is designed to make private health cover as affordable as possible for more Australians by reducing the amount you pay for premiums by at least 30%.
The rebate has three levels:
- 30% if no person covered by the membership is aged 65 years or more
- 35% if any person covered by the membership is aged 65 to 69 years
- 40% if any person covered by the membership is aged 70 years or more
Savings Provisions Entitlements apply to ensure that people remaining on a membership that have been eligible for the 35% or 40% rebate do not have their rebate reduced to 30% when the person aged 65 years or over leaves or cancels the membership. This entitlement ceases if the person takes out a policy that covers another person who was not on the original policy.
Most CBHS members claim the rebate through reduced premiums, but you can choose instead to claim it as part of your annual tax return or as a cash refund from any Medicare office.
To receive the rebate as a reduction on your premium, you need to complete the appropriate section of the membership application. Please contact our Member Care Centre for more information.