How much extra tax could you pay without hospital cover?

Taking out private hospital cover can help you avoid a tax called the Medicare Levy Surcharge.

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What is the Medicare Levy Surcharge (MLS)?

The MLS is a tax applied to people who earn above a certain income and don't have an appropriate level of hospital insurance. The tax is designed to reduce the strain on the public system by encouraging people to get private health insurance and get treatment privately. Learn more about the MLS.

The tax applies to singles earning over $90,000 and couples or families earning over $180,000.

You can avoid this tax for every day that you hold an appropriate level of hospital cover.

Medicare Levy Surcharge Calculator

Change the details below to reflect your situation and estimate how much you'll pay for the MLS:

I'm with and we lodge our tax I have We have child kids and my taxable income is and my taxable income is and our combined income is $Go
$56,000 $108,000 $160,000 $212,000 $264,000
Estimated Surcharge
$ 1,000
Your estimated surcharge is
$1,000

Calculate your rebate
30%

Age of the oldest adult on the policy

“It's nice to know I can get hospital cover for less than it costs to pay the surcharge.”

Change the details below to reflect your situation I'm with and we lodge our tax I have We have child kids and my taxable income is and my taxable income is and our combined income is $
$56,000 $108,000 $160,000 $212,000 $264,000
Estimated Surcharge
$ 1,000

What type of HBF cover do you currently have?

Great news!

You already have hospital cover, so you don’t have to pay the surcharge.


Estimated tax you’re saving
$1,000
Is your current cover right for you?

“ Last year I got a pay rise and it was a bit of a shock to find out I'd have to pay nearly $1,000 extra tax. It's nice to know I can get hospital cover for less than it costs to pay the surcharge. ”

Your estimated surcharge is
$1,000

Calculate your rebate
30%

Age of the oldest adult on the policy

“It's nice to know I can get hospital cover for less than it costs to pay the surcharge.”

You could save

$
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by taking out
Young Singles Saver Hospital

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This is a guide only. You should speak to a financial advisor or registered tax agent who will be able to take into account your income and personal situation, including any changes that occur during a tax year.

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I need some help finding the right cover for me

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What is the Medicare Levy Surcharge?

The MLS is a tax applied to people who earn above a certain income and don’t have an appropriate level of hospital insurance. The tax is designed to reduce the strain on the public system by encouraging people to go to private hospitals instead.

Learn more.

What is Lifetime Health Cover Loading?

LHC loading is an extra cost applied to the price you pay for hospital insurance for every year you do not have hospital insurance. It only affects people 31 or older who don’t have hospital insurance and decide to buy it later in life. It’s designed to encourage people to buy hospital insurance earlier in life and stay covered.

To avoid LHC loading, all you need to do is buy hospital insurance on or before 1 July following your 31st birthday.

Learn more.

What is the Australian Government Rebate on Private Health Insurance?

The Australian government rebate is a government initiative that helps make health insurance more affordable for those who are eligible to receive it. It’s a sum of money you can get back at tax time or apply to your premium to make it cheaper. The rebate applies to hospital, extras and urgent ambulance insurance.

Learn more.

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We'll help you find our best cover that suits your needs.