My employer has recently announced that they will be paying for private health insurance for all employees at no cost (great!). We also have the option to include our partners/family (though with additional premium).
Two main questions I have:
Since my employer is paying the premium, should I be applying to receive the Australian Government Rebate for private health insurance as a reduced premium, or should I forgo this rebate and claim it as a health insurance tax offset? If claiming the rebate as a reduced premium, who gets the benefit (me or my employer?). This isn't very clear on the ATO website:
"If you claim your rebate as a premium reduction, your health insurer will adjust your rebate percentage and the rebate amount. If you claim your rebate as a tax offset in your income tax return, we will apply the adjusted rebate percentages to determine your correct private health insurance tax offset."
If I pay for my partner's health insurance from my salary, is this an eligible salary sacrifice, and therefore come off my pre-tax income?
Thanks for any help! I've never had private health insurance before so this is all new to me.