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Private health insurance and your tax statement

At the end of each financial year, Health Partners issues a Private Health Insurance (Tax) Statement to all members (main members and partners/spouses) who held cover or paid contributions during the last financial year.

The statement contains information to help you complete your tax return. 

We have compiled a list of the most common questions to help with your preparations this tax time.

Private health insurance and your tax statement

When will you send me my statement?

You can expect to receive your Private Health Insurance Statement around 15 July 2017.

If you are registered for electronic mail through Members Online, you will be notified of your new mail as soon as it’s ready. 

You can also view past and current statements by simply logging in (or registering) for Members Online. This option is available to all main members of a policy – even if you currently receive your statements in the mail.

 

Switch to e-statements

  • Switching only takes a few minutes - follow these simple steps.
  • Log in to Members Online. If you're not registered yet, get started here. 
  • Go to 'Your mail' in the menu and select 'Your Mail Delivery Preferences' Switch Notification Preferences to 'email'

Why do I need a Private Health Insurance Statement?

There are two main reasons:

  1. The rebate information on the statement will help the ATO to work out the level of rebate you are entitled to depending on your annual earnings and the age of the oldest person covered on your membership.

    If you are receiving the rebate as a reduction in your contributions, the ATO will determine whether you have received too much or too little rebate. If you have not claimed the rebate, the ATO will use this information to determine your applicable tax offset. More on the rebate.
     
  2. You will need the statement as proof that you have held an appropriate level of hospital cover to exempt you from the Medicare Levy Surcharge (MLS). 

    If you did not have an appropriate level of private hospital cover for the entire 2016 financial year and earned over $90,000 as a single or $180,000 as a couple/family you could be required to pay the Medicare Levy Surcharge. All Health Partners hospital covers meet the MLS requirements.

Who on my membership will receive a statement?

You (the main member) and any adult dependant (partner or spouse) that was listed on your membership during the 2015-16 financial year. 

Your statement will have your share of premiums paid and your share (if any) of the Australian Government Rebate on private health insurance – if you received this as a reduction in contributions. It will also include the name of your partner or spouse, if applicable.

Your partner or spouse (even if they are no longer on your membership) will receive their own statement with their share of premiums paid and their share of the rebate (if any).

Dependant children on your policy will not receive a statement. However, if they earned over $90,000 in the last financial year we can provide them with documentation stating the number of days they held hospital cover with Health Partners. This can be requested by calling us on 1300 113 113 or emailing ask@healthpartners.com.au.

Why is there more than one line of information on my statement?

Due to changes in the way the rebate is calculated, you will need to add some extra information to your tax return. If you made payments before and after April this year, your statement will include at least one line to reflect the rebate you received before 1 April and at least one line to reflect the rebate you received from 1 April.

You will need to enter all lines in the appropriate section of your tax return.

What’s a Benefit Code?

The ATO uses the ‘benefit code’ to work out the correct level of rebate. The code represents your age based rebate entitlement but does not reflect the actual rebate percentage you receive or your rebate tier.

Benefit codes from 1 April: 31 / 36 / 41

Why does my statement show a zero dollar amount?

A zero dollar amount in the section ‘Your premiums eligible for Australian Government Rebate’ means you did not make a payment in the 2016-17 financial year. 

However, your statement will show the number of days you were covered with hospital cover. Your statement also includes the number of days you had extras cover – although you won’t need this for our tax return.

My accountant asked for my ‘claims history’; how can I access this?

If you are the main member of your policy, the fastest way is to download it at Members Online. Once you log-in (or register), click on the ‘Your Claims’ tab, and follow the prompts.  

Our Member Services team can also prepare this for you or your spouse/partner. Please call us on 1300 113 113 or email ask@healthpartners.com.au.

I’ve lost my statement; can I get another copy?

That’s no problem – if you are the main member of your policy, you can access it at Members Online. Log in (or register) to view or print your current and past statements.

If you are not the main member, please call us on 1300 113 113 so we can arrange to reprint and post it to you.

Switch to e-statements

  • Switching only takes a few minutes - follow these simple steps.
  • Log in to Members Online. If you're not registered yet, get started here. 
  • Go to 'Your mail' in the menu and select 'Your Mail Delivery Preferences' Switch Notification Preferences to 'email'