Private health insurance loadings, taxes and rebates

The Australian Government wants more people to take out private hospital cover to help reduce pressure on public hospitals. That's why they’ve introduced a number of different measures over the years—including rebates, loadings and surcharges—all aimed at encouraging more people to go private.

Here’s an overview that helps to explain how buying private hospital cover could help you save money.

Lifetime Health Cover (LHC) loading

If you’re 31 or over, you might have to pay an extra 2% on your premiums for each year you’ve gone without private hospital cover.

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Medicare Levy Surcharge (MLS)

If you’re single earning over $90K or a couple or family earning over $180K without private hospital cover, you might have to pay up to 1.5% in extra tax.

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Private Health Insurance Rebate

You might qualify for the Australian Government Rebate on Private Health Insurance to help reduce the cost of your cover.

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Private Health Insurance Tax Statement

Here’s an explanation of what’s on your Private Health Insurance Tax Statement.

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Are you covered?

All of Australian Unity’s private hospital covers can help you to avoid or reduce the Lifetime Health Cover (LHC) loading and the Medicare Levy Surcharge (MLS).

We’re health insurers, not tax advisors

That means we’re not qualified to provide you with tax advice. The information provided here is a summary only, and intended to help you understand some of the things that can affect the price you pay for your health insurance and how those can affect your tax. 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