A taxpayer under 65 and eligible for medicare.
The person is a high income earner (above medicare levy surcharge threshold) and doesn't have a spouse.
The taxpayer has an appropriate level of private health insurance coverage from 01/07/2023 to 30/06/2024.
The individual's private health insurance statement has 1 line with the benefit code 30.
- Premium for rebate: $1,000
- Rebate received: $200
The benefit code 30 is for the period 1/7/2023 to 31/3/2024.
Under private health insurance policies section, I only complete "Premium for rebate" and "Rebate received" of the 1st period (1/7/2023 to 31/3/2024)
with the benefit code 30 as per my private health insurance statement AND leave the 2nd period (1/4/2024 to 30/06/2024) blank.
Will this change the number of days in fund/ the number of days not liable for medicare levy surcharge (366 days for the period 1/7/2023 to 30/06/2024)?
Can I proportionate the "Premium for rebate" and "Rebate received" and complete the private health insurance sections as below?
Period 1/7/2023 to 31/3/2024
Premium for rebate: 751.37
Rebate received: 248.63
Benefit code: 30
Period 1/4/2024 to 30/06/2024
Premium for rebate: 150.27
Rebate received: 49.73
Benefit code: 31
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