If your income is over $50,000 you can have the benefit of top private Hospital Cover and avoid paying at least $500 a year towards the Medicare Levy Surcharge. Health Partners Hospital Cover starts from only $535.27 per year for Single Cover.
If you do not have private hospital cover or have suspended your cover to travel, you must pay a 1% Medicare Levy Surcharge in addition to the standard Medicare levy of 1.5%, if:
- you are single and have a taxable income more than $50,000 or
- you are a sole parent with a taxable income of more than $100,000 a year or
- you and your partner's combined taxable income is more than $100,000 a year.
This increases by $1,500 per child, after the first child
The Medicare Levy Surcharge thresholds are subject to change as determined by the Federal Government. For more information please call the ATO on 13 28 61.
Not registering a dependant/newborn could incur a Medicare Levy Surcharge.
With any Health Partners Hospital Cover you'll avoid paying the Medicare Levy Surcharge and you'll be covered as a private patient in any participating hospital of your choice Australia-wide.
For more detailed information on the 1% Medicare Levy Surcharge please visit the Department of Health and Ageing. |