HFC

[sassy123]

what happens at tax time when u have private health cover. do they send out anything that you need before you can do ur tax.
last yr my acc didnt do anything to do with our HCF but when DH got his done his acc put all the HCF info in. Should we both have to put the details in and shouldnt my acc of asked if i had it.

[Cupcake]

My accountant asked if i had it...so i assume they should have asked you? Not sure if they send anything out as i dont have it, but my accountant still asked hehe

[~Kim~]

yep, there is a code that you need to put in....gees you didn't get charged the medicare rebate then did you?
Though maybe your acct just knew the codes...I used the previous years for last year as the PHI is so slow to send them out and I wanted our tax right then lol.

[melbel]

also if you have a joint health fund it only has to be put on the one tax return, usually the primary income earner.....it is possible your hubby claimed your stuff as his dependent...not sure but maybe that is what happened.

[infinity]

Hi Sassy123,

Your health fund should send you a statement at end of financial year that shows
- the health funds ID
- the type of cover your had
- how many days you were covered in the financial year
- the premium claimable rebate on PHI (after premium reductions)

The rebate is the federal government rebate of 30% - most people claim this as a reduced premium paid to their health fund e,g. if the total cost of your policy is $300, your rebate is $90 (30%) and you pay your fund $210.
But if you didn't do this (most people do) and paid say the full $300 then you will have a rebate amount claimable in your tax return of $90.

You pay a medicare levy surcharge of an extra 1% of taxable income if you earn over $70000 and have no private health insurance hospital cover - or $140,000 if you are a couple.

My guess is you don't have a taxable income over $70k (or together with your husband over $140k) so your accountant didn't need your details as your wouldn't have been charged the surcharge. I also think your accountant has assumed you have already received your 30% govt rebate as premium reductions.

check your last tax return. Send your Private Health Insurance statement (when it comes) in with this years tax.

you can PM me if you need more information or want to ask specifics.

Hope this helps a little - I'm afraid it may have got a bit too techinical - sorry if it seems that way

[sassy123]

thanks for the info.

we dont make over 70k. we only joined last yr in may so we only had the certain days to put in. I rang and asked if i needed it this time and he was so rude and was like well u should of told me i just assumed that you wouldnt have it cause ur young.
i hate goign to him and this yr i am not going to cause he is such a pig. he had the whole chicks know nothing thing. he will be nice if hubby is with me but if not then he just grunts at me and alot of other people that go to him say the same thing.