What does this mean? "Excess private health reduction or refund (rebate reduced)." It has resulted in me needing to make an unexpected extra payment to the tax department. Yet the information is the same as I always provide.
Hi @MMRie,
You'll see that if you've claimed too much private health insurance rebate. When this happens we recover the excess amount via your tax return. Private health insurance rebates are based on your income thresholds.
If you want to be sure the info is right, compare your statement from your health fund with the prefilled info in your tax return. See if the figures match up.
Hi @MMRie,
You'll see that if you've claimed too much private health insurance rebate. When this happens we recover the excess amount via your tax return. Private health insurance rebates are based on your income thresholds.
If you want to be sure the info is right, compare your statement from your health fund with the prefilled info in your tax return. See if the figures match up.
Other liabilities
Medicare levy$1,560.68
Excess private health insurance premium reduction or refund $744.48 . in my NIB fund records I have
Health insurer ID Membership number Your premiums eligible for Australian Government Rebate Your Australian Government Rebate received Benefit code Other adult beneficiaries for the policy (other adults on this policy)
B nib C ###### J $3362 K $827 L 30 Name
B nib C ####### J $937 K $230 L 31 Name
B nib C ####### J $243 K $70 L 36 Name
can you explain! how 744.48 is calculated
22 Apr 2024 · 6 min read time
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