nib Tax Statement Australia 2025: How to Get It and Use It at Tax Time

If you're a nib private health insurance member, you'll receive a private health insurance tax statement each year after 30 June. This short document is essential for your Australian tax return — it tells the ATO what cover you held, how much you paid, and whether you received the government rebate. Getting the details right matters: it affects your rebate entitlement and can determine whether you're liable for the Medicare Levy Surcharge. This guide explains everything you need to know about your nib tax statement for FY 2025-26.

What Is the nib Tax Statement?

Your nib tax statement — formally called a private health insurance statement — is an annual summary issued by nib after the end of each financial year. The ATO requires all registered health insurers, including nib, to issue this statement to members, and members must report the information it contains whenever they lodge a tax return while holding private health insurance.

The statement is not a premium invoice or a bill. Think of it as a reconciliation record: it shows how many days you held cover with nib during the year, how much you paid in premiums, and how much government rebate was applied to your policy. The ATO uses this data to verify your rebate entitlement against your actual income for the year and to confirm you were covered by a complying hospital policy — which is what exempts higher earners from the Medicare Levy Surcharge.

nib is one of Australia's largest health insurers and issues statements for its range of hospital, extras, and combined policies. If you hold a nib policy — including international student health cover (OSHC) or overseas visitor health cover (OVHC) — you'll receive a separate statement for each policy you held during the financial year.

What Does the nib Tax Statement Include?

Your nib tax statement contains several specific fields that you'll enter directly into your tax return. Here's what each one means:

The four key figures you'll enter into your tax return are: days of cover, benefit code, premiums paid, and government rebate received. Enter these exactly as they appear on your nib statement — the ATO receives the same data directly from nib and will cross-check your return against it.

The Private Health Insurance Rebate: How It Applies to nib Members

The Australian government's Private Health Insurance Rebate subsidises the cost of your nib premiums. Most nib members take this rebate as a premium reduction — meaning nib charges you less each month because the government contributes a portion on your behalf. This is the default option and the most common approach.

Alternatively, you can elect to receive the full rebate as a lump sum tax offset when you lodge your return — in which case you pay the full nib premium throughout the year and claim the rebate back at tax time.

Either way, the ATO reconciles your rebate at year end using your actual income. The rebate is means-tested and decreases as your income rises, disappearing entirely above the top tier threshold. The FY 2025-26 income tiers for singles are:

Note: Rebate percentages are indexed annually. Check ato.gov.au for the exact rates applicable to FY 2025-26.

If your income at tax time is higher than the tier estimate you gave nib at the start of the year (which determines how much your premium was discounted), the ATO will require you to repay the excess rebate through your tax return. If your income was lower, you'll receive the difference as an additional tax offset.

How to Use Your nib Tax Statement in Your Tax Return

Whether you lodge via myTax, a registered tax agent, or third-party software like etax or H&R Block, you'll need to complete the Private Health Insurance section of your return. Here's how to do it step by step:

myTax often pre-fills your private health insurance details automatically, using data that nib reports directly to the ATO. Always check the pre-filled details against your actual nib statement before lodging — pre-fill data can sometimes contain errors, and you're responsible for the accuracy of your own return regardless of what is pre-filled.

nib Tax Statement and the Medicare Levy Surcharge

Your nib tax statement is also central to determining whether you're liable for the Medicare Levy Surcharge (MLS). The MLS is an additional tax — on top of the standard 2% Medicare Levy — that applies to higher-income earners who did not maintain an eligible hospital cover policy for the full financial year.

In FY 2025-26, the MLS applies if your income exceeds $101,000 (for singles) and you did not hold continuous, complying hospital cover. The surcharge rates are:

• $101,001 – $118,000: 1.0% MLS on your total taxable income
• $118,001 – $158,000: 1.25% MLS on your total taxable income
• $158,001+: 1.5% MLS on your total taxable income

Your nib tax statement — specifically the days of cover field and the benefit code confirming you hold hospital cover — is what demonstrates to the ATO that you maintained an eligible hospital policy. If you held nib hospital cover for all 365 days, you're fully exempt from the MLS. If there was a gap (for example, you cancelled your policy mid-year, changed insurers without continuous cover, or switched to an extras-only policy), you may be liable for MLS for those uncovered days.

Use our Medicare Levy Calculator to estimate your MLS exposure, or our Take-Home Pay Calculator to see your full tax picture including Medicare obligations for FY 2025-26.

What If You Can't Find Your nib Tax Statement?

If you can't locate your nib tax statement, here's where to look and what to do:

• Check your email inbox and spam folder — nib sends statements to your registered email address, usually in late July or August
• Log in to nib.com.au → My Membership → My Documents — you can download current and prior-year statements from the member portal at any time
• Check the nib app — if you use the nib mobile app, statements are accessible under your account documents
• Check myTax pre-fill — the ATO often receives health insurance data directly from nib. Log in to myTax in late July and check if your details have already been pre-filled
• Call nib on 13 16 42 — nib's member services team can resend your statement by email or confirm the key figures if you need them urgently
• Update your contact details — if you've moved or changed email and didn't update your records with nib, your statement may have gone to an old address

Don't lodge your tax return without the correct private health insurance details. Errors in this section can cause an incorrect rebate calculation, an ATO review, or an unexpected adjustment to your assessment later. If you're waiting for your nib statement, it's better to wait a few extra weeks before lodging than to guess or estimate.

Quick Summary: nib Tax Statement Checklist

• Your nib tax statement arrives in July–August each year by email or from the nib member portal
• It contains your membership number, days of cover, benefit code, premiums paid, and government rebate received
• Use it to complete the Private Health Insurance section in myTax or your tax agent's software — enter the figures exactly as shown
• The ATO reconciles your rebate entitlement against your actual income — you may receive a top-up or need to repay some rebate
• The days of cover and benefit code confirm your hospital cover and may exempt you from the Medicare Levy Surcharge
• Extras-only cover does NOT exempt you from the MLS — you need a complying hospital policy
• If your income changed during the year, notify nib to update your rebate tier and avoid a surprise at tax time
• If you can't find your statement, download it from nib.com.au or call nib on 13 16 42

Your nib tax statement is one part of a broader tax picture. Use our free Australian tax calculators to understand your full position for FY 2025-26:

• Take-Home Pay Calculator — see your net pay after tax, Medicare levy, and super
• Medicare Levy Calculator — estimate your 2% levy and check whether the Medicare Levy Surcharge applies to you
• Income Tax Calculator — understand your tax bracket, LITO, and effective tax rate for FY 2025-26
• Superannuation Calculator — project your super balance using the current 12% SGC rate
• HECS-HELP Calculator — estimate your student loan repayments under the FY 2025-26 marginal repayment rules
• Salary Sacrifice Calculator — see how pre-tax super contributions affect your taxable income and take-home pay