• Private health insurance policy details 2013

    At any time during 2012-13:

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention
    • were you covered by a private health insurance policy, or
    • did you pay for a dependent-child-only policy?

    For this question, the definition of a dependent child is affected by the rules of your health fund. If you are under 25 years old and do not have your own policy, you may be covered as a dependent child on your family policy. If you are unsure about whether this applies to you, check your family private health insurance policy details or contact your insurer.

    No

     

    Yes

    Read on.

    The laws about private health insurance have changed.

    From 1 July 2012, you may be eligible for a rebate entitlement, regardless of who paid for the policy, if you:

    • were covered by a private health insurance policy, or
    • paid for a dependent-child-only policy.

    We will use the information you provide at this question to work out your share of any rebate entitlement. This may result in a tax offset or liability.

    Answering this question

    You will need a statement from your registered health insurer. If you did not receive a statement, contact your insurer.

    If you paid the full cost of the policy upfront and claimed your rebate from Medicare, you will also need your receipt from Medicare.

    If you were covered as a dependent child on a family policy, use the information shown on the statement for that policy.

    You can download your private health insurance details online any time using the pre-filling service in e-tax. Go to ato.gov.au/etaxprefilling

    Completing your tax return

    Use the information shown on your statement to complete your tax return.

    If you had more than one private health insurance policy, complete the following steps for each line of information on your statement for each policy.

    If you have more than four lines of information on your statement, you will need to provide additional information. Complete the following steps for the first four policies. Then on a separate sheet of paper, print SCHEDULE OF ADDITIONAL INFORMATION - PRIVATE HEALTH INSURANCE POLICY DETAILS. Print your name, address and tax file number, and your answer for each step. Attach your schedule to page 3 of your tax return. Print X in the Yes box at Taxpayer's declaration question 2a on page 10 of your tax return.

    Step 1

    Transfer the health insurer ID shown at B on your statement to BHealth insurer ID on page 7 of your tax return.

    Step 2

    Transfer your private health insurance membership number, shown at C on your statement to CMembership number on your tax return.

    Step 3

    Were you covered as a dependent child on a private health insurance policy?

    Yes

    You are not entitled to a private health insurance rebate, however you are exempt from paying the Medicare levy surcharge.

    Go to step 11.

    No

    Read on.

    Step 4

    Was a rebate for the private health insurance policy claimed from Medicare?

    No

    Go to step 7.

    Yes

    Read on.

    Step 5

    You must calculate your share of the rebate.

    Divide the amount received from Medicare for premiums paid in 2012-13 by the number of adults covered by the policy at the time the premium was paid.

    The result is your share of the rebate received from Medicare.

    Add your share of the rebate received from Medicare to any amount shown at K on your statement and write this amount at K Your share of Australian Government rebate received on your tax return.

    Step 6

    Take away your share of rebate received from Medicare from the amount shown at J Your share of premiums paid in the financial year on your statement.

    Write the result at J Your share of premiums paid in the financial year on your tax return, then go to step 9.

    Step 7

    Transfer the amount shown at J on your statement to J Your share of premiums paid in the financial year on your tax return.

    Step 8

    Transfer the amount shown at K on your statement to K Your share of Australian Government rebate received on your tax return.

    Step 9

    Transfer the number shown at L on your statement to L Benefit Code on your tax return.

    Step 10

    Working out your tax claim code

    On 30 June 2013, were you:

    Single?

    Go to step 11

    • Married or de facto (including if your spouse died during 2012-13 and you did not have another spouse before 30 June 2013)?
     

    Go to step 12

    Step 11

    Select the code letter that best describes your circumstances.

    You have no dependants

    A

    • You have a dependent child (your child or a sibling dependent on you for economic support), or
    • you paid for a dependent-child-only policy
     

    B

    You were covered as a dependent child on a private health insurance policy

    F

    Print the code letter in the Tax claim code box on your tax return. You have now finished this question, go to question M1 Medicare levy reduction or exemption.

    Step 12

    Are you claiming your spouse's share of the rebate?

    One spouse can choose to claim their spouse's share of the rebate on their behalf if you and your spouse:

    • were covered under the same policy, and
    • were together on 30 June 2013.

    You and your spouse must agree that only one of you will claim.

    Yes

    Print C in the Tax claim code box on your tax return, then go to step 14.

    • No
     

    Read on.

    Step 13

    Select the code letter that best describes your circumstances.

    • You are claiming your share of the rebate, or
    • you are a parent claiming for a dependent-child-only policy
     

    C

    • Your spouse is claiming your share of the rebate
     

    E

    Print the code letter in the Tax claim code box on your tax return. You have now finished this question, go to question M1 - Medicare levy reduction or exemption.

    Step 14

    You must provide information about your spouse's private health insurance in the Private health insurance policy details section of your tax return.

    • You will need your spouse's private health insurance statement.

    Repeat steps 1 to 9 using the information on your spouse's statement. Print D in the Tax claim code box on your tax return.

    Tax tip

    To check if your health insurer is a registered private health insurer, visit the Australian Prudential Regulation Authority (APRA) website at apra.gov.au.

      Last modified: 28 May 2013QC 32501