Moved to Forum: Original Link
This is for the people already on or wishing to be on private health fund for year 2012 and /or more…
If you pay your year 2012 insurance before the end of June cut off date*, you will not only be eligible for the current health insurance rebate, you should also be able to postpone the almost inevitable rate rises.
This is a saving of +$300 or more.
Good Luck, wish you good health to all….
This is not a bargain for obvious reasons, so moved to forums.
Hi Pauly,
People with income +$84,000 can save 30% for any health fund that means $400 or more. I have HCF hospital and extra cover saved me $525 (I will receive July 2012 tax return). I am very happy about the saving and wanted all other readers to be informed. I am not sure the obvious reason you moved it to forums. I have no personal benefit from this saving.
Sabric,
Appreciate the time and effort you took to post this, but it's more of a discussion material since the health insurance rebate is more of a government policy rather than a once-off, or short-term deal. And I'm sure a lot of people who are affected by this would have already been aware of it too.
Yep, I ended up paying upfront for 13 months after doing the numbers. It's a tricky one because you have to workout the interest on the funds you're paying upfront you could earn (or save if it was on your homeloan) for the 12 months.
I'm surprised there wasn't more push back against means testing the private health cover rebate. Higher earners pay more tax and now they're being double taxed with respect to Private Health Care cover in essense.
cheers
dealsminder.com
This only applies to singles earning over $84,001 and families from $168,001 as they lose part of the government rebate on a stepped scale.