Submitted by Financial Adviser on Fri, 01/13/2012 - 12:33
Australian Government health care spending grew from $19 billion in 1996 (that’s $1037 per head) to $60 billion in 2011 (that’s $2,662 per head) showing a trend of about 8% increase annually.
Submitted by Financial Adviser on Fri, 01/13/2012 - 11:58
The proportion of people aged 50 and over in Australia is projected to rise to as much as 50% by 2051, from 29%in 2002, according to the ABS. This supports the demand for healthcare. Australian government offers a health insurance rebate effectively funding the future growth, how can you invest in the health insurance industry?
Submitted by Financial Adviser on Fri, 01/13/2012 - 11:38
As from the 1 January 1999 you are able to claim a rebate of 30% of the premium paid for private health insurance. For every dollar that you contribute to your private health insurance premium, the Government will give you back at least 30 cents as a Private Health Insurance Rebate. If your employer has paid your premium on your behalf, you are still entitled to claim the Rebate. The Rebate increases depending on your age:
Submitted by Financial Adviser on Fri, 01/13/2012 - 11:26
If you are an Australian temporary resident on a subclass 457 visa, you are responsible for health costs for all and any of family members. The Department of Immigration says subclass 457 visa holders are subject to visa condition 8501.
