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Q: Are there government incentives for joining a private healthcare fund?

A:

In recognition of the contribution that those with private health insurance are making to their own healthcare costs, the Federal Government provides a rebate on health insurance to all Australians eligible for Medicare.

You can receive the rebate as either:

  • a premium reduction through ACA Health Benefits Fund; or
  • a refundable tax rebate in your annual tax return

The rebate is age and income tested. Please click here for age and income tier levels.