Medicare Levy Vs Private Health Insurance Calculator
Medicare Levy Vs Private Health Insurance Calculator . Let's assume for the sake of an example i earn $85k per year. Private health insurance allows you to be treated in a hospital as a private patient and can help pay for health care costs that are not typically covered by medicare (such as dental, physiotherapy and optical). Private Health Cover vs Medicare Levy Surcharge from www.etax.com.au The medicare levy surcharge is an additional tax introduced by the australian federal government to incentivise australians to purchase private health insurance. If you would like to work out the amount of medicare levy surcharge you have to pay, use the income tax estimator. The medicare levy surcharge applies if your annual income # is over $90,000 as a single (or $180,000 as a single parent/couple/family) and you or any of your dependants # don't hold an appropriate level of hospital cover.