26/06/12: Alert: 30% Health Insurance Rebate

Pay your health insurance in advance and save...

Please note that the Government is applying an income test to the current 30 per cent rebate it gives us on our private health insurance. That means higher income earners (singles earning over $84,000 and households earning over $164,000) will be progressively slugged up to 30% more on their health insurance from next Monday.

However, the ATO allows you to prepay your health insurance for the next financial year (as long as you do it before the end of the week) which effectively means you can lock in the rebate, potentially saving you thousands of dollars.  Rick Maggi    Try HBF Rebate calculator here