FREQUENTLY ASKED QUESTION

Will my young adult need to pay the Medicare Levy Surcharge?

Young adults covered by family or extended family policies which include hospital cover are considered to hold an appropriate level of private patient hospital cover for Medicare Levy Surcharge (MLS) purposes. This means they generally won't be required to pay the MLS because as they remain covered under their parent's policy, even if they earn above the MLS income thresholds. For individual advice on the applicability of the MLS, we recommend you speak to a professional tax agent.