Tips & Strategies

Don’t forget to claim your medical bills

Did you know that you can claim a tax offset (rebate) if you spend more than $1,500 on out-of-pocket medical expenses?

The rebate is worth 20% of the excess over $1,500. And they are not just doctors’ bills, either.

R Leong Co Claim Medical Bills

Hospital, dental, pharmaceutical and optical expenses also qualify, including laser eye surgery. But be careful with other treatments (such as massage, chiropractic, podiatry, etc.) because they do not qualify unless administered under the direction of a doctor. Surgeries and dental treatments purely for cosmetic purposes are also not eligible.

Tip 1:  Try to time your expenditure so you effectively “bunch” them into a particular year to get over the $1,500 threshold, and to get a greater rebate for your dollar spent. You can combine your own, your spouse’s and your dependent children’s expenditures as well.

Tip 2:  To make claiming easier, contact Medicare and your health fund, if you have one, to obtain an Annual Statement of Benefits.


About the Author

Roland has more than two decades experience as a professional accountant, business and financial adviser, including Australian Taxation Office experience. He has also presented in a number seminars, appeared on radio, and is a published commentator for a number of industry publications.

Roland holds a Bachelor of Economics (Syd), and also holds the designations of Chartered Accountant, CPA, and Financial Planning Specialist.


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