xamargirlusa

Want 1 month of free health insurance?

Let?s start with the Medicare Levy Surcharge (MLS)

As Australian residents we all have the right to health care through Medicare, a system partly funded by taxpayers, many of whom pay a Medicare levy of 2% of their taxable income. Your Medicare levy is reduced if your taxable income is below a certain threshold, meaning that some people may not have to pay the levy at all.

However, if you don?t have appropriate hospital cover and your annual income* is over $90,000 as a single, or over $180,000 as a couple/family then you could also be hit with the MLS. The family income threshold is increased by $1,500 for each MLS dependent child after the first child.