When taxes change, everyone wants to know how it impacts the bill. A no-GST setting for individual insurance premiums can influence what you pay and how the invoice looks. In this article, we will explain what a zero tax line could mean for your costs. And how you can make practical decisions about your cover and when you buy health insurance .
What No GST Means on Your Invoice
In a no-GST scenario, the premium you see is essentially the base premium plus any fees from the insurer. The separate tax line that used to sit beneath the base premium would read zero.
Your total payable, therefore, mirrors the base premium after discounts, loadings and add-ons. Think of it this way: the tax portion stops affecting the final figure, while the underlying price drivers continue to matter.
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