by KIRSTEN ANDREWS
There are some things on your To-Do list that just aren’t sexy. However with the end of the financial year only a week away,, it’s well worth taking the time to check out deadlines and changes to government regulations, laws and policies – to find out whether any of them will cost or save you money.
Here are three things we recommend checking out this week. You won’t need to do them all but if you scan the list, it may save you something you can spend in the sales!
1. Consider whether you can afford to pay your health insurance a year in advance.
From July 1 2012, the private health insurance rebate will be income tested.
If you expect to earn more than $84,000 as a single or more than $168,000 as a family next financial year, your 30% rebate will be affected and could be reduced to 20%, 10% or nothing – depending on your income.
Most health insurers are allowing you to make a payment up to a year in advance, which allows you to avoid the price hike, so give them a call and work out if you can afford it.
Note that many health insurance companies are getting a lot of calls about this at the moment so if you’re not prepared to wait on hold, try calling early in the morning or later at night. More information is available here.