2024-25 private health insurance income threshold and rebate
March 29, 2024
The government has released the latest income thresholds and rates for the private health insurance rebate:
| 2024-25 (2023-24) | Base Tier $ | Tier 1 $ | Tier 2 $ | Tier 3 $ |
|---|---|---|---|---|
| Single | 0-97,000 (0-93,000) | 97,001-113,000 (93,001-108,000) | 113,001-151,000 (108,001-144,000) | 151,001+ (144,001+) |
| Family | 0-194,000 (0-186,000) | 194,001-226,000 (186,001-216,000) | 226,001 – 302,000 (216,001-288,000) | 302,001+ (288,001+) |
Private Health Insurance Rebate 1 April 2024 to 31 March 2025 (1 April 2023 to 31 March 2024
| 2024-25 (2023-24) | Base Tier $ | Tier 1 $ | Tier 2 $ | Tier 3 $ |
|---|---|---|---|---|
| Aged under 65 | 24.608% (24.608%) | 16.405% (16.405%) | 8.202% (8.202%) | 0% |
| Aged 65-69 | 28.710% (28.710%) | 20.507% (20.507%) | 12.303% (12.303%) | 0% |
| Aged 70 or over | 32.812% (32.812%) | 24.608% (24.608%) | 16.405% (16.405%) | 0% |