What’s on a tax statement?
A tax statement details the individual’s share of:
- Total premium paid (which is eligible for the government rebate)
- Rebate received (if applicable)
These amounts are divided between eligible adults who were on the membership when payments were made. This may include adults who left the membership during the year.
The statement also shows the:
- Number of days the member had Hospital cover over that financial year.
This is relevant for tax purposes as the Medicare Levy Surcharge may apply for days higher earners didn’t have Hospital cover.
Note: Breaks in Hospital cover can also impact your Lifetime Health Cover status (see the rules around ‘continuous cover’).