Reduce your tax

How you can reduce your tax by not having to pay the Medicare Levy Surcharge

If you pay tax, you also pay the Government's 1.5% Medicare Levy.

However, if you earn over a certain amount and don't have private hospital cover, you'll also pay the Government a Medicare Levy Surcharge, which is another 1% on top of that again.

Income thresholds

If you're single with an annual taxable income of $73,000
If you're a couple or family with a combined annual taxable income of $146,000*

If you fall into one these categories, you can either:

Pay the extra tax each year; or
Join a HBA hospital cover, which may actually cost less than the Medicare Levy Surcharge. Of course, by taking out private hospital cover, you'll also have the added benefits of knowing that you and yours are covered.

Check out our Medicare Levy Surcharge calculator to see if you are impacted

Find out more about the Medicare Levy Surcharge

I know I am impacted, please show me all your covers

* The family threshold increases by $1,500 per child after the first child.