Earn over $93k? Can you benefit at tax time?
Learn how to avoid the Medicare Levy Surcharge (MLS) with great value Hospital Cover
Learn how to avoid the Medicare Levy Surcharge (MLS) with great value Hospital Cover
Tax time can be confusing enough without having to worry about the Medicare Levy Surcharge (MLS). That’s where Health Partners comes in.
If you’re single and earn over $93,000 (or $186,000 for families and couples) at 1 July 2023, our private hospital cover could reduce your income taxes by avoiding the MLS.
John | Jane | |
Income | $100,0001 | $100,0001 |
Private hospital coverage | No | Yes
Health Partners Basic Hospital Plus |
MLS at tax time | $10002 | $0 |
Health Insurance Premiums | $0 | $1027.991 |
What this could mean... | John is reliant on the public system. He could experience long wait times and high out-of-pocket expenses if he requires private elective surgery.
With an average trip costing over $1,0004, John could be up for a hefty emergency ambulance bill. | Jane avoided the MLS at tax time by holding hospital cover throughout the tax year. She can choose her procedure schedule, specialist and stay in her own room3. Jane is covered for accidents, even for categories listed as exclusions.
Jane's cover offers unlimited emergency ambulance. |
The Australian Tax Office has announced changes to the 2023-24 income thresholds which are used to calculate the Medicare Levy Surcharge, effective 1 July 2023.
To make things simple, we’ve broken it down for you. The surcharge starts at 1% of your income for MLS purposes, rising as your income increases. So, take a look at the table below to see if health cover is right for you.
Base Tier | Tier 1 | Tier 2 | Tier 3 | |
---|---|---|---|---|
Singles | $93,000 or less | $93,001 - $108,000 | $108,001 - $144,000 | $144,001+ |
Families | $186,000 or less | $186,001 - $216,000 | $216,001 - $288,000 | $288,001+ |
Surcharge | 0% | 1% | 1.25% | 1.5% |
Source: www.privatehealth.gov.au
* Single parents and couples (including de facto couples) are subject to family tiers. For families with children, the thresholds are increased by $1,500 for each child after the first.
Base Tier | Tier 1 | Tier 2 | Tier 3 | |
---|---|---|---|---|
Singles | $90,000 or less | $90,001 - $105,000 | $105,001 - $140,000 | $140,001+ |
Families | $180,000 or less | $180,001 - $210,000 | $210,001 - $280,000 | $280,001+ |
You won’t need to re-serve equivalent waits
To make sure you’re happy
Caring for members’ health for over 80 years
You won’t need to re-serve equivalent waits
To make sure you’re happy
Caring for members’ health for over 80 years
© Copyright Health Partners. 2023 All Rights Reserved.
Health Partners is committed to providing quality and affordable health care, and we value our members and our obligation to protect your privacy. As part of our responsibility in protecting your privacy, from time to time we review our policies to ensure we are meeting our obligations. We have recently made some updates to our Privacy Policy. Please click here to view the Health Partners Privacy Policy.
© Copyright Health Partners. 2023 All Rights Reserved.
Health Partners is committed to providing quality and affordable health care, and we value our members and our obligation to protect your privacy. As part of our responsibility in protecting your privacy, from time to time we review our policies to ensure we are meeting our obligations. We have recently made some updates to our Privacy Policy. Please click here to view the Health Partners Privacy Policy.
Contact options and opening hours
View all