Avoid government charges
Having hospital cover could save you money. If you don’t have private hospital cover (for you and any dependants*) and you earn more than $90,000 (or $180,000 as a couple/family/single parent)*, the Australian Tax Office may add an extra charge to your tax bill. It’s called the Medicare Levy Surcharge and it could be up to 1.5% of your income*. This may end up being more than the cost of getting hospital cover.
Learn more about the Medicare Levy Surcharge.
* 'income' and 'dependants' for Medicare Levy Surcharge purposes. Learn more. The income threshold for single parents, couples and families is increased by $1,500 for each MLS dependant child after the first child.