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Private health insurance tiers
From 1 July 2010 the Government will introduce three new Private Health
Insurance Tiers, which will determine:
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Rate of Medicare Levy Surcharge (additional tax) for those without
private health insurance, and |
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Rate of private health insurance rebate available to reduce premiums |
Income
levels
(indexed) |
Private health
insurance rebate |
Medicare Levy
Surcharge* |
Singles earning less than
$75,000
Couples earning less than $150,000 |
30% up to age 65
35% for those aged 65-69
40% for those over age 70
|
1%
1%
1%
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Singles earning $75,000 -
$90,000
Couples earning $150,000 - $180,000
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20% up to age 65
25% for those aged 65-69
30% for those over age 70
|
1%
1%
1%
|
Singles earning $90,000 -
$120,000
Couples earning $180,000 - $240,000 |
10% up to age 65
15% for those aged 65-69
20% for those over age 70
|
1.25%
1.25%
1.25%
|
Singles earning $120,001 or
more
Couples earning $240,001 or more |
Nil
Nil
Nil |
1.5%
1.5%
1.5% |
* (applicable if not covered by private health insurance)
Published : 13 May 2009
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