Tax time with CBHS

The requirement to notify you during tax time has changed

From this year onwards, your tax statement will no longer be available to download via the Member Centre inbox, and we’ll only mail or email a copy to you if you request one after 14 July 2020.

We’ve done the work for you

We’re required to send the details of your private health insurance policy directly to the Australian Taxation Office, so when you lodge your tax return online or through your accountant, your private health insurance information will be auto-populated for you. If you still lodge a paper tax return or if your details aren't populating correctly online, please get in touch with our Member Care team on 1300 654 123 and we’ll send your tax statement to you. For more information, you can visit the ATO website or take a look at our quick guide on how to read your tax statement.

FAQs

What does my tax statement show?

Your tax statement shows:

  • Your share (for taxation purposes) of the total health insurance premiums you paid to CBHS between 1 July 2019 and 30 June 2020 that are eligible for the Australian Government Rebate on Private Health Insurance;
  • The amount (if any) of Australian Government Rebate you received; and
  • The number of days you held an appropriate level of private patient hospital cover (if this is less than 365, you may need to pay the Medicare Levy Surcharge).

What if I was on two different memberships?

The ATO will receive the information on two tax statements, one for each membership.

What if there are payments missing from my tax statement?

The figures on your tax statement cover health insurance premiums we received during the financial year. For further assistance, please contact our Member Care team on 1300 654 123.

Please note that all payments made up to midnight on 30 June 2020 will be included on this year’s tax statement.

When will I receive my tax statement?

Your tax statement will no longer be available to download via the Member Centre inbox, and we’ll only mail or email you a copy if you request one. When you go to lodge your tax return online or through an accountant, your private health insurance information will be auto populated for you.

Where can I get a copy of my tax statement?

You can request a paper copy or a digital version by calling 1300 654 123 or email help@cbhs.com.au.

What is the CBHS Health Fund ID?

Our health fund ID is 'CBH'.

Where can I get a financial year claims history?

You can print a financial year claims history from our Member Centre, email us at help@cbhs.com.au, or call us on 1300 654 123. It will also be uploaded to your correspondence history in the Member Centre via the website.

Where can I find out more about my tax statement and the Australian Government Rebate on private health insurance?

More information is available at the ATO website.

What is the Medicare Levy and Medicare Levy Surcharge?

The Medicare Levy Surcharge (MLS) is levied on payers of Australian tax who do not have private hospital cover and who earn above a certain income. The surcharge aims to encourage individuals to take out private hospital cover, and where possible, to use the private system to reduce the demand on the public Medicare system. For details regarding the Medicare Levy Surcharge, please visit the Australian Tax Office Medicare Levy Surcharge website.

Can I make a payment before the end of the financial year for my membership?

Yes. Log into our Member Centre via the website and select the ‘Payment’ tab to manage payments. You must make the payment before midnight 30 June 2020. Alternatively, contact our Member Care team on 1300 654 123 during our operating hours (Monday – Friday from 7am to 7pm AEST).

When will I receive my Private Health Information Statement (PHIS)?

You will be able to view your Private Health Information Statement via the Member Centre inbox from 14 July 2020 onwards. After this date, your PHIS will be made available during the premium rate review process every year.

More Information

We are committed to providing exceptional member care. If you have any questions about your tax statement, or any of our products,
please call our team on 1300 654 123, or email to help@cbhs.com.au.