Changes to the Private health Insurance rebate

Just a reminder to all our clients:

Last year the government introduced changes to the private health insurance rebate and the Medicare levy surcharge.

Essentially, these changes mean your income level will affect the rebate you receive on private health insurance from the Federal Government.

The ATO will work out your rebate entitlement when you lodge your tax return and this may result in a refund or a liability. However the changes won’t affect everyone and many people will continue to receive the same rebate as before.

Please note that we will need to see a copy of your private health insurance statement in order to complete your 2013 tax return.

For more information: http://www.ato.gov.au/content/00233246.htm