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.