Saving tax with private health insurance

Take a less taxing approach to health cover

The Australian Government wants more people to take out private hospital cover to help reduce the pressure on the public system. That's why they introduced certain incentives such as the Australian Government Rebate on Private Health Insurance to encourage you to take out private hospital insurance and, if you don't, certain surcharges and loadings, such as the Medicare Levy Surcharge (MLS) and Lifetime Health Cover Loading (LHC) may apply.

If you're like most Australians, you don't want to give your hard-earned money to the tax man if you don't have to. This page helps explain how Australian Unity hospital covers could help you avoid paying extra tax and save money.
 

Turning 31

LIFETIME HEALTH COVER
(LHC) LOADING

 

If you're 31 or over, you might have to
pay an extra 2% loading for each year
you've gone without hospital cover

 

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Medicare Levy Scheme

MEDICARE LEVY
SURCHARGE (MLS)

 

Earning $90K as a single or
$180K as a couple? You might have
to pay up to 1.5% in extra tax

 

FIND OUT MORE >

 

 

Australian Government Rebate

AUSTRALIAN GOVERNMENT
REBATE ON PRIVATE
HEALTH INSURANCE

 

Do you qualify for a rebate to help
reduce the cost of your cover?

 

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Tax Statement

PRIVATE HEALTH
INSURANCE
TAX STATEMENT

 

The ins & outs of private
health insurance at tax time

 

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Important Note: This information is provided as a summary only about the Australian Government Rebate, Medicare Levy Surcharge and Lifetime Health Cover loading information relevant to Private Health Insurance cover. Health Insurers are not permitted to provide tax advice. For tax advice or more detailed information please contact your registered tax agent or the Australian Taxation Office at ato.gov.au or visit the Australian Government’s website at privatehealth.gov.au