About your Private Health Insurance Tax Statement

Changes to
Tax Statement requirements for
health funds

Under Australian Government changes, health funds are no longer required to automatically provide members with an annual tax statement. If you lodge your tax return online with myTax or a registered tax agent, your health insurance tax information should be automatically populated in your tax return by late July. You won’t need to enter this information yourself. If you would like a copy of your tax statement, you can request one, and we will provide it to you.

Requesting a copy of your tax statement

You can call us on to request a copy be sent to you. Alternatively, you can access your statement through Online Member Services from 20 July.

Need help understanding your tax statement?

As a health insurer, we’re not qualified to offer you tax advice. But we can suggest some useful places to look:

Did you receive a Lifetime Health Cover (LHC) loading statement?

You've got until 1 July after you turn 31 to buy private hospital cover to avoid paying the LHC loading.

For every year you delay, you may have to pay an additional 2% (up to a maximum of 70%) on top of the cost of your private hospital cover. Also note that the Australian Government Rebate does not apply to LHC loading. The good news is that the loading doesn’t last a lifetime. Once you have held private hospital cover for 10 continuous years, any obligation to pay loading will be removed.

If you (or your partner) paid the loading last financial year, you’ll (both) receive a statement at tax time that includes the following information:

  • The amount by which LHC loading (as a percentage) increased the price you paid for private hospital cover.
  • The number of days you haven’t held private hospital cover since either 1 July 2000 or 1 July following your 31st birthday (whichever is later).

Find out more about LHC loading, including what effect is has on your private hospital cover premium and what exclusions and conditions apply:

Are you in Australia on a worker or visitor visa?

Please note that Overseas Visitors Cover are not appropriate private patient hospital covers to avoid the Medicare Levy Surcharge for tax purposes. Therefore, you will not receive a tax statement for your hospital cover.

If you earn money in Australia, you may need to pay tax and lodge a tax return. To find out more about whether you need to lodge a tax return, visit the Australian Tax office website for further details.

You can get a summary of the health insurance premiums and GST you've paid during the tax year by calling us on 1300 720 695.