The following is a helpful list of tips to remember;
- Enroll in the Medicare Safety Net. This does not happen automatically - you must enroll in order to claim safety net rebates.
- Register your banking details with Medicare. This can be done online, or at any Medicare branch. This may enable you to get a much faster rebate. http://www.medicare.com.au/
- Link both partner's Medicare cards, and those of any other dependents. If you advise Medicare that your cards are linked, all of the linked parties can contribute to reaching the Safety Net Threshold. However if you are not linked, then each of you will have to meet your threshold independently.
- Keep all medical receipts if you are going to claim the ATO Tax Rebate of 20% of out of pocket medical expenses in excess of $1,500 per financial year. This includes pharmacy scripts, contact lenses, physiotherapy, and other treatments related to illness. Please refer to the ATO website for more detailed information www.ato.gov.au
- Talk to your private health insurer up front and clarify what they will and will not pay for. Important areas to clarify are if there will be hospital co-payments, whether IVF is covered, and which medications can be claimed. Some insurers will even pay for embryo storage.
- Everyone undergoing IVF treatment should have full informed financial consent before starting each treatment cycle. Make sure that all of your questions are answered and that you fully understand the financial implications of treatment before you start.
You can download our fact sheet containing these helpful tips by clicking on the link below.