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Tax Rebate on your Health Insurance premiums... Would it make you buy cover?

NZ First have a private members bill that they have presented to Parliament, proposing a rebate for health insurance for over 65's.

New Zealand First believes its health insurance premium rebate plan will result in tax rebates of about $100 million.

But MP Andrew Williams, who presented the Affordable Healthcare private member's bill to Parliament, said the policy would end up being fiscally neutral as there would be a reduction in state healthcare spending as people's insurers paid for more elective surgery.

The bill, if it became law, would result in a 25 per cent health insurance rebate for people aged more than 65 who held a SuperGold card, and would also see the removal of fringe benefit tax from health insurance premiums paid for by employers.
Insurance rebate would hit $100m - NZ First
 

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