Teachers Health Fund is exclusively for the education community, providing value-for-money health insurance for members and their families.
Most Australians with private health insurance currently receive a rebate from the Australian Government to help cover the cost of their premiums. The private health insurance rebate is income tested. The table below details the different rebate amounts and Medicare Levy Surcharge levels.
The rebate applies to hospital, general treatment and ambulance policies. The rebate levels applicable for 1 July 2014 to 30 June 2015 are:
| Singles Families |
≤$90,000 ≤$180,000 |
$90,001-105,000 $180,001-210,000 |
$105,001-140,000 $210,001-280,000 |
≥$140,001 ≥$280,001 |
|---|---|---|---|---|
| Rebate | ||||
| Base Tier | Tier 1 | Tier 2 | Tier 3 | |
| < Age 65 | 29.04% | 19.36% | 9.68% | 0% |
| Age 65-69 | 33.88% | 24.20% | 14.52% | 0% |
| Age 70+ | 38.72% | 29.04% | 19.36% | 0% |
Single parents and couples (including de facto couples) are subject to family tiers. For families with children, the thresholds are increased by $1,500 for each child after the first. http://www.privatehealth.gov.au/healthinsurance/incentivessurcharges/insurancerebate.htm
