Medicare Levy Surcharge Show content
What is the Medicare Levy Surcharge? Show content
The Medicare Levy Surcharge is an additional tax charged to people who earn more than the specified threshold and don’t have Private Hospital cover. All CUA Health Hospital Cover policies satisfy the Government criteria to avoid the surcharge (to avoid the tax, you only need Hospital cover, not Extras cover).
Does the Medicare Levy Surcharge apply to me? Show content
The Medicare Levy Surcharge will apply to you if you earn over $90,000 a year as a single, or $180,000 as a couple or family and don’t have Private Hospital Cover. The surcharge varies from 1% to 1.5% depending on your income.