Common FAQs to help you during tax time

1. Am I going to receive a tax statement?

For tax purposes, any rebate entitlements and payments are split equally between adults on the policy (excluding dependent children). This means we need to issue separate tax statements to all adults covered on your policy this financial year.

You will not receive a tax statement if you are on an Overseas Visitors cover.

2. When and how will I receive my tax statement?

Your tax statement will be sent to you between mid-June and 14 July 2017.

If you have selected to receive important information electronically, we will email you once your tax statement is available.  And, if you have selected to receive important information by mail, it will be posted to you by 14 July 2017.

If you haven’t received your tax statement by this date, you can access a copy in myHBF.

4. How do I read my tax statement?

Your Private Health Insurance tax statement is proof that you have held private health cover this financial year, and will help you complete your tax return. Your statement shows:

  • Your health insurance premiums received for the previous financial year. A $0 amount means you didn’t make a payment this financial year. Also, if you have made multiple payments on your policy before, on, or after April 1, they will be listed as separate lines on your statement. When completing your tax return, you’ll need to enter the information on each line separately.
  • Your share of the Australian Government Rebate on private health insurance. If you’re not registered for the rebate or are on Tier 3 of the income bracket, this amount will be $0;
  • Any other adult beneficiaries who were on the policy at the time payments were made;
  • The number of days your private health insurance provided an appropriate level of private hospital cover;
  • Your Standard Information Statement. Please keep in mind this is a basic summary of your policy, and that the premium quoted does not include the rebate or any other discounts. 

If you need more details regarding your statement, our handy ‘How to read your tax statement’ guide will provide you with more information.

5. Why did I receive multiple tax statements from HBF?

If you were covered by two polices during the tax year — for example, if you had your own policy and then moved onto your partner’s policy, or you were previously part of GMF Health — you’ll be sent two separate tax statements.

When completing your tax return, you’ll need to include the figures from each tax statement.

6. Why have I received an adjusted tax statement?

An adjusted tax statement is automatically sent to you when a change is made to your HBF membership that affects a previous financial year. If this change affects any of the information on your statement, such as the eligible premiums, the rebate received, or the people covered on your membership (excluding dependent children), you will receive a new tax statement from HBF.

7. Special information for GMF members

If you are a current HBF policy holder, you may be sent two tax statements this financial year. Any payments received before the migration date will be reflected in a GMF tax statement, which will be mailed to you by 15 June 2017. Plus, any payments made after the migration date will be reflected in a HBF tax statement. When completing your tax return, you will need to include the figures from each tax statement.

If you have cancelled your GMF policy, you will still receive your tax statement by 15 June 2017. If you haven’t received it by this date, please contact us on 133 423 and we can provide you with a copy.

In addition, please call us on 133 423 if you need access to previous years’ tax statement.