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Found 4 results

  1. I'm on a 457 visa. I currently have no private healthcare insurance as have the reciprocal medicare health care so choose not to. I do however earn just over $100k so it may make sense for me to get some kind of healthcare if it will cost in the region of $1000(-+500) for the year and can avoid the medicare levy SURCHARGE of 1%. So I either want some extra cover as compared to medicare or a saving on the surcharge so I get some more cash in the pocket. I did look into this at one point but found it hard to find a policy I could get as a non permanent resident that wasn't in excess of $2000. I also believe that the 30% govemnet rebate is not applicable as a non PR. Correct? So does anyone have any experience on this? nib seems to offer the 'basic saver' policy that is advertised as avoiding the MLS for $955. Last time I spoke to them I couldn't get a straight answer if it was suitable for me however and said I may also need the overseas cover provided by IMAN. I also can't work out if that actually gives me anything useful in addition to the reciprocal medicare. Also if I got this this financial year and paid for the whole year going forward could that be offset against this years MLS or is it prorated for the cover period in this financial year? Thanks.
  2. Guest

    Medicare Levy Surcharge

    Hello, Does anyone know how much you may if you don't have Medical Insurance? We cancelled ours in March this year. Thanks Chloe
  3. Guest

    Medicare Levy Surcharge

    I have read most threads on this subject but am still unclear (how many threads start like this ). I have got platinum health insurance with HBA which states MLS = not exempt. My company arranged and pay for this insurance so i didn't get a say in it. I rang HBA and they said with my level of cover i do not need to use Medicare services? This can't be right can it? But even so, just because i don't use medicare or even register for Medicare doesn't mean i am not liable to pay the 1.5% levy and additional 1% surcharge does it?? plus is the 1% on any income above 73k or entire salary?
  4. In the recent budget the Oz government increased the level at which the Medicare levy surcharge (1%) kicks in to $100K for singles & $150K for couples, good news for any one on above average earnings.