Tax and Rebates

Understanding how health insurance impacts your taxes is crucial for managing your finances. Wondering if private health insurance is necessary for tax purposes or if there are any government incentives? We've got all the details on how private health insurance can benefit you at tax time.

Health insurance could benefit you at tax time. Discover how it might work to your advantage.

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Do I need private health insurance for tax purposes?

We often hear insurance mentioned alongside tax but how are they related? Here's a general guide to understanding health insurance and its impact on your tax situation.

What is AGR (Australian Government Rebate)?

The Australian Government Rebate (AGR) is an amount that the government puts towards your health cover to make it more affordable. Want to learn more about how the AGR works and how you can benefit from it? Click through to explore all the details.
 

What is the Medicare Levy Surcharge?

The Medicare Levy Surcharge (MLS) is an additional charge that may apply if you don't have private health insurance. Wondering if the MLS affects you and how to avoid it? Click through to learn more about the surcharge and how choosing the right health cover can benefit you come tax time.

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Medicare Levy Surcharge Calculator

Can hospital cover reduce your tax? Use our Medicare Levy Surcharge calculator to find out how much extra tax you could be paying without hospital cover.



 

What is LHC (Lifetime Health Cover)?

Lifetime Health Cover (LHC) is an Australian Government initiative designed to encourage people to get their hospital cover early and keep it up. Click through to learn all about how the LHC works.

Age-based discounts for under 30s

Health insurers offer age-based discounts on hospital cover for 18-29 year olds to make health insurance more accessible for young Australians. Find out more about the Young Adult Discount and check if you're eligible.

Awarded Outstanding Value Health Insurance 17 years running

We're proud to deliver award-winning health insurance products, but don't just take our word for it. Canstar have awarded Medibank an outstanding value award for health insurance in Australia for the 17th year in a row.

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