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changes from 1 April 2014
April 2014, your rebate contribution from the Australian Government will
increase based on a weighted average ratio. The weighted average ratio is
determined using a formula which takes into account growth in the Consumer
Price Index and the industry weighted average premium increase.
current legislation, an industry level approach applies through the use of the
weighted average ratio. The weighted average ratio will result in 96.8% of the
premium paid (excluding Lifetime Health Cover loadings) attracting a rebate.
change will come into effect on 1 April 2014 and will apply to any premium
payments that are made on or after that date.
The rebate will continue to be paid as a percentage of premiums paid,
excluding any Lifetime Health Cover loading that may be applicable.
information about these changes, contact your health fund or check www.privatehealth.gov.au for further
In : General
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