03 May 2022 - GAP Accountants
No reduction in the Private Health Insurance rebate as of 1 April 2022
An event that we have become accustomed to every 1 April, is that the amount of the Private Health Insurance (‘PHI’) rebate decreases.
The Australian Government rebate on PHI is annually indexed on 1 April by a Rebate Adjustment Factor (‘RAF’) representing the difference between the Consumer Price Index and the industry weighted average increase in premiums.
The RAF for 2022 has been calculated as 1.
This means there will be no changes to the PHI rebate on 1 April 2022.
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