Excess PHI in TR

• This happens when client goes to the PHI and either
  • Does not notify the PHI of their correct annual income
  • Does not have adequate cover because they did not take into account the spouse's income
  • OR the premium reduction you enrolled in was high than what you were entitled to

PHI rebate in TR

This happens when 

• you declare a lower income in your tax return than the income you declared to your PHI.
• OR the premium reduction you elected was lower than what you were entitled. Aka you did not get the maximum reduction you were entitled to

Reference

• https://teresatranassociates.freshdesk.com/support/solutions/articles/36000180863-2019-private-health-insurance-rebate-rates-