Medicare LevyNov 1, 2025
What are the private health insurance rebate tiers for 2024-25 in Australia?
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AI-Assisted Answer
The Australian Government provides a private health insurance rebate to help offset the cost of premiums. The rebate amount depends on your age and income. For the 2024-25 financial year, the rebate tiers are:
Singles:
| Income | Under 65 | 65-69 | 70+ |
|---|---|---|---|
| A$93,000 or less | 24.608% | 28.710% | 32.812% |
| A$93,001 - A$108,000 | 16.405% | 20.507% | 24.608% |
| A$108,001 - A$144,000 | 8.202% | 12.303% | 16.405% |
| A$144,001 and above | 0% | 0% | 0% |
Families:
| Income | Under 65 | 65-69 | 70+ |
|---|---|---|---|
| A$186,000 or less | 24.608% | 28.710% | 32.812% |
| A$186,001 - A$216,000 | 16.405% | 20.507% | 24.608% |
| A$216,001 - A$288,000 | 8.202% | 12.303% | 16.405% |
| A$288,001 and above | 0% | 0% | 0% |
The family income thresholds increase by A$1,500 for each dependent child after the first.
How to receive the rebate:
- As a premium reduction: Your health insurer reduces your premiums by the rebate amount, so you pay less each month. This is the most common approach.
- As a refundable tax offset: You can choose to pay full premiums and claim the rebate when you lodge your tax return.
Important points:
- The rebate applies to both hospital cover and general treatment (extras) cover
- Income for rebate purposes includes taxable income, reportable fringe benefits, and total net investment losses
- If your income changes during the year and you received a higher rebate than entitled, the ATO will adjust this when you lodge your return
- The rebate percentages are adjusted annually on 1 April each year
private-health-insurancerebatemedicare-levy2024-25australia
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Disclaimer: This information is for general educational purposes and is not professional tax advice. Tax situations vary. Consult a qualified tax professional for advice specific to your circumstances.