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Is Medicare sufficient enough?


dagefo

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  • 3 weeks later...

Check out the Medicare levy surcharge as if you're salary is pretty high then you will pay more in surcharge than you will in PH premiums so that makes it a no brainier. however, if you are on a 457 look closely ay you're Ph policy, ours was very comprehensive and covered literally everything 100% however for some reason because it was a policy designed for 457 visa holder it didn't need Medicare levy surcharge requirements and we still had to pay the surcharge!

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Can anyone in the know, please point me to a website/info source that explains the Medicare cover vs. private insurance in simple terms? Really struggling to decipher the government website explanations...

Ha! You are joking! There is no website that explains it in simple terms which is why most of us are in sub-optimal schemes - or sub-optimally not in schemes. Personally, I think it is best to view health insurance as a way of paying less tax - and any health benefits you get are like the frequent flyer points you get at supermarkets - a nice add on but not worth very much.

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