WHITEPAPER DOWNLOAD
How to avoid the
Medicare Levy Surcharge
Without an appropriate level of private hospital insurance, you’ll be required to pay the Medicare Levy Surcharge.
How to avoid the
What is the MLS and how can you avoid it?
The Medicare Levy Surcharge (MLS) is an additional charge imposed on Australian taxpayers who:
A) Don’t have an appropriate level of private health insurance, and
B) Earn above a certain income.
The idea behind this is to encourage eligible parties to take out private hospital insurance in order to reduce the strain on the Medicare system.
The MLS rate depends largely on your income, whether you’re an individual or a couple/family. It’s important to note though that your income for MLS purposes is not the same as your taxable income.
It makes sense that those who meet the criteria for the MLS should take out an appropriate level of private health insurance in order to avoid
the surcharge. Our latest whitepaper, The Medicare Levy Surcharge and how to avoid it, discusses exactly how you can do this.
There are a lot of moving parts involved with health insurance and levies, so to avoid having to make potentially unnecessary payments while retaining reliable health insurance, download the whitepaper now.
What’s inside the whitepaper?
- An explanation of the Medicare Levy.
- An explanation of the Medicare Levy Surcharge, and who is required to pay it.
- Exceptions to the MLS.
- What constitutes “income for MLS purposes”.
- Definitions of spouses, dependants and family for MLS purposes.
- How to avoid paying the MLS.
- What defines an appropriate level of private hospital insurance,
according to the Australian Taxation Office. - The benefits of private hospital insurance.
- How HICA can assist you further.
Why work with HICA?
Health Insurance Consultants Australia PTY Ltd (HICA) has over 30 years experience delivering healthcare advice and solutions to a wide range of clients: Corporate, SME, professional groups and associations as well as individuals.
Our services are based on our comprehensive understanding of the health insurance market, and our aim is to provide Australians with appropriate, affordable health insurance. At the end of the day, it’s all about what you need, and delivering the solution that works for you is our first priority.
If the MLS applies to you, download the whitepaper today to find out if there’s a better arrangement for your health insurance. Or, for more information, get in contact with our expert team.
