Private Health Insurance Policy Details

On 5 August 2017, Corey takes out private health insurance for the entire family with Bupa (BUP). This covers him and his family for the 330 days from 5 August 2017 to 30 June 2018 inclusive.

His combined policy (C) covers all family members and is the most comprehensive health policy available providing both private patient hospital cover and ancillary cover for all members of his immediate family. On 5^thday of each month, Corey pays his monthly premium for this family policy.

Corey provides you with the private health insurance statement that he receives from Bupa in respect of the 2018 financial year. The key details from Coreys private health insurance statement are summarised below.

BUP Membership Number	Your Premiums eligible for the Australian Government rebate	Your Australian Government rebate received	Benefit Code	Other Adult Beneficiaries included in this Policy
31782216	$2,064	$536	30	Michelle Hart
31782216	$725	$184	31	Michelle Hart

Corey advises you that he wishes to claim his share of the rebate entitlement (which is shown above) in relation to his policy in his income tax return.

His wife, Michelle, also received the same statement from Bupa (with the same membership number) and will claim her rebate entitlement (which are the same figures that relate to Corey, as above) in her own income tax return.

What can Corey claim as tax deductions in relation to private health insurance?