Tax and Health Insurance Explained

What's the deal with health insurance, tax and 30 June?

Learn more
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How much extra tax could you pay without hospital cover?

The Medicare Levy Surcharge (MLS) is a tax applied to high income earners who 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. There are more details involved, but you can estimate how much you might get charged straight away.

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 $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.”

You could save

$
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by taking out
Young Singles Saver Hospital

More information Get a quote
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

$
Loading...

by taking out
Young Singles Saver Hospital

More information Let us call you

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

Why not invest that money in your health

I need some help finding the right cover for me

Tell us a little about yourself and in 2 - 3 minutes we’ll find our best cover to suit your needs.

Get in touch with HBF

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

What am I covered for?

  • Dental surgery
  • Joint reconstructions
  • Gynaecology
  • Hernia and appendix
  • Tonsils, adenoids and grommets
  • Palliative care
  • Rehabilitation
  • Hospital psychiatric services

What am I covered for?

  • Gastrointestinal endoscopy
  • Skin
  • Kidney and bladder
  • Bone, joint and muscle
  • Dental surgery
  • Joint reconstructions
  • Gynaecology
  • Hernia and appendix
  • Tonsils, adenoids and grommets
  • Palliative care
  • Rehabilitation
  • Hospital psychiatric services
  • Digestive system
  • Skin
  • Plastic and reconstructive surgery (medically necessary)
  • Ear, nose and throat
  • Male reproductive system
  • Eye (not cataracts)
  • Chemotherapy, radiotherapy and immunotherapy for cancer
  • Sleep studies
  • Brain and nervous system
  • Pain management
  • Breast surgery (medically necessary)
  • Lung and chest
  • Miscarriage and termination of pregnancy
  • Pain management with device
  • Blood
  • Diabetes management (excluding insulin pumps)
  • Back, neck and spine