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01 March 2024

Private Health Insurance Rebate 2024/25

Private Health Insurance Rebate 2024/25

The private health cover rebate changed on 1 July 2024:

  • The rebate is income tested on a single or family income basis.
  • The level of income determines the rebate applicable.
  • For families with multiple children, the threshold increases by $1,500 for every child after the first child.
  • Single parents and couples (including those separated from their spouse and those whose spouse has passed away) are assessed on family tiers.
  • To calculate your rebate, you can use the ATO calculator. Please click here
  • If you want to avoid a potential tax liability, you should contact your private health insurer to advise your current or expected income level to adjust your related tier.

The below rebate tiers apply from 1 April 2025 to the 30 June 2025:

Income

 

Base Tier

Tier 1

Tier 2

Tier 3

Single

$97,000 or less

$97,001 – $113,000

$113,001 – $151,000

$151,001 or more

Family

$194,000 or less

$194,001 – $226,000

$226,001 – $302,000

$302,001 or more

Rebate

Aged under 65

24.288%

16.192%

8.095%

0%

Aged 65 – 69

28.337%

20.240%

12.143%

0%

Aged 70 or over

32.385%

24.288%

16.192%

0%

 

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