Medicare Levy Surcharge

Medicare Levy Surcharge

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Make yourself familiar with the Medicare Levy Surcharge

The Medicare Levy Surcharge is an extra 1.0-1.5% surcharge that’s added to the tax of high income earners who are eligible for Medicare, but don’t have private Hospital cover.

If that’s you, your Medicare levy increases from 2.0% (what most of us pay) to 3.0-3.5% of your taxable income.

 

Income for Medicare levy surcharge purposes
Medicare levy surcharge
Singles less than $90,000
Couples/families less than $180,000
0.0%
Singles $90,001 – 105,000
Couples/families $180,001 – 210,000
1.0%
Singles $105,001 – 140,000
Couples/families $210,001 – 280,000
1.25%
Singles more than $140,001
Couples/families more than $280,001
1.5%

We can help you avoid it

Just take out any Teachers Health Hospital or Combined cover if you’re:

  • Single and earning more than $90,000 a year
  • A couple/family earning more than $180,000 a year.