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Australians owed millions in unclaimed Medicare rebates

Nearly one million Australians could receive a festive season boost to their bank balance, as the government tries to return $234 million in unclaimed Medicare benefits.

On average, these Australians are missing out on about $240 each.

WATCH THE VIDEO ABOVE: One million Australians owed millions in unclaimed Medicare benefits

Watch the latest news and stream for free on 7plus >>

They could reclaim the money within three days by updating their bank account details on the myGov website.

The stockpile of unclaimed benefits has been building up for years because these Australians did not have valid bank details registered with Medicare.

Government Services Minister Bill Shorten says it could be a financial boom for many Australians ahead of Christmas.

“We know Australians are doing it tough, and I want to reunite people with millions in unpaid Medicare benefits before the holidays,” he said.

Bill Shorten says nearly one million Australians are owed money by Medicare. Credit: AAP

Australians between 18 and 24 years old had the most to gain with more than $49 million in unclaimed benefits for 221,000 young people.

Nearly 700,000 people are set to receive a notification that Medicare owes them money, but another 300,000 who don’t have a myGov account may not be contactable.

Shorten is encouraging all Australians to create a myGov account to ensure they aren’t missing out.

“Two minutes on the app, three days later money in your account, good news for Christmas,” he said.

Opposition spokesman for government services Paul Fletcher said the coalition had exposed the unclaimed benefits figures in October.

“Almost one million Australians have been missing out on vital hip-pocket relief,” he told AAP.

“Families are struggling with cost of living pressures and this is their money, not the government’s.”

Theodore was a few weeks into his job when he made a sinister discovery

The industries where salaries are rising the fastest

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