Income Insurance Australia :: Articles

A Healthy Tax Time Tip form the Money Tips Team

What are the key tax tips for managing changes in private health insurance rebates?

A Healthy Tax Time Tip form the Money Tips Team

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Changes to the Private Health Insurance Rebate are coming on 1 July, 2012, so if you’ve been putting off “doing something” about your health insurance situation, NOW is the time to act!! MONEY TIPS is pleased to offer you this very timely opportunity to review or re-assess your private health insurance situation.
There are good reasons to consider private health insurance from a tax point of view…for example, if your income is above $84,000 (individual) or $168,000 (families) and you don’t have private health insurance, you face an additional Medicare levy payment of between 1 and 1.5 percent.

Whether you (or your family members) are taking out health insurance for the first time, or would like a review of your current policy and level of cover, simply click on the link below, complete the enquiry form, and a representative of health insurance specialists Australian Unity will contact you. It’s that simple!

As a June 30 extra incentive Australian Unity is also offering one month’s free cover and an exemption on some waiting periods if you take out hospital and extras cover by June 30. Terms and conditions apply. Ask the Australian Unity representative for details when they contact you after submitting your enquiry through the link below.

Click Here to Enquire Now

Published: Thursday, 7th Jun 2012
Author: 248


Life Insurance Articles

How Pre-Existing Conditions Affect Your Income Protection Insurance Options
How Pre-Existing Conditions Affect Your Income Protection Insurance Options
Income protection insurance is a type of insurance policy designed to provide you with a continuous flow of income in case you are unable to work due to illness or injury. It's a safety net that helps ensure you can maintain your standard of living, even when unforeseen health issues arise. - read more
Illness and Your Finances: Strategies for Continuous Income Flow
Illness and Your Finances: Strategies for Continuous Income Flow
When illness strikes, the impact on your finances can be as significant as on your health. Maintaining continuous income flow during such times is crucial for financial stability. - read more
Navigating Pre-existing Conditions in Income Protection Insurance
Navigating Pre-existing Conditions in Income Protection Insurance
Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working. It's a type of policy that provides a replacement income if you are unable to earn your regular income due to a health-related absence from the workplace. - read more
Income Protection Insurance: Balancing Cost with Adequate Coverage
Income Protection Insurance: Balancing Cost with Adequate Coverage
Income protection insurance is a critical safety net for anyone who relies on a steady paycheck to meet their financial obligations and maintain their lifestyle. It offers a replacement income if you are unable to work due to illness or injury, ensuring that your financial responsibilities can be met even when you're not at your earning best. In today's fast-paced world, income protection has become an essential consideration for the modern working individual. - read more
Comparing Income Protection Policies: What Australians Should Look For
Comparing Income Protection Policies: What Australians Should Look For
Income protection insurance serves as a financial safety net for countless Australians, offering a replacement income when unforeseen circumstances such as illness or injury impede their ability to earn. For the self-employed and entrepreneurs who may not have the safety nets offered by corporate employment, such protection is particularly important. - read more

Insurance News

Australian Insurers Adapt Investment Strategies in Response to Geopolitical Shifts
Australian Insurers Adapt Investment Strategies in Response to Geopolitical Shifts
07 Mar 2026: Paige Estritori
Australian insurers are actively revising their investment portfolios in response to evolving geopolitical events and economic conditions. According to the 2025 Australian Insurance Report by Janus Henderson Investors, 47% of insurers plan to increase their investment portfolio risk over the next 12 months, with a significant focus on private markets. - read more
AFCA Upholds Policyholder Rights in Income Protection Case
AFCA Upholds Policyholder Rights in Income Protection Case
27 Feb 2026: Paige Estritori
In June 2025, the Australian Financial Complaints Authority (AFCA) ruled in favour of a policyholder in a dispute over the duration of income protection payments. The case involved Resolution Life Australasia and centred on the insurer's decision to cease payments earlier than the policyholder expected. - read more
Swiss Re Advocates for Sustainable TPD Insurance Amid Rising Claims
Swiss Re Advocates for Sustainable TPD Insurance Amid Rising Claims
27 Feb 2026: Paige Estritori
In October 2025, Swiss Re, a leading global reinsurer, announced a temporary halt on accepting new life insurance business in Australia. This decision aims to address concerns over the sustainability of Total and Permanent Disability (TPD) products in the market. - read more
Rising Mental Health Claims Impact Australia's Income Protection Insurance
Rising Mental Health Claims Impact Australia's Income Protection Insurance
19 Feb 2026: Paige Estritori
Recent data from the Council of Australian Life Insurers (CALI) reveals a significant increase in mental health-related claims within Australia's income protection insurance sector. In 2024, mental health conditions accounted for 20% of income protection claims, resulting in payouts totaling $887 million. This marks a substantial rise compared to previous years, indicating a growing trend that insurers and policyholders must address. - read more
Australian Super Under Fire for Prolonged Insurance Claim Delays
Australian Super Under Fire for Prolonged Insurance Claim Delays
19 Feb 2026: Paige Estritori
Australian Super, the nation's largest superannuation fund, is facing criticism over significant delays in processing insurance claims. Reports indicate that some members have experienced prolonged waiting periods, with delays extending up to four years in certain cases. These delays have raised concerns about the efficiency and fairness of the fund's claims handling processes. - read more

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