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Health insurance on a 457


Guest beachman

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Guest beachman
Posted

Hi all,

 

I've been told by an Aussie national that in order to avoid a Medicare Levy I need to have private Health insurance. Presently I have Ambulance cover at about 50 bucks per month. Now a colleague of mine has suggested that I need an 'overseas cover policy' as I'm on a 457. I did have one for a month then downgraded it to ambulance cover only. Is it true that one of the stipulations of a 457 is that I have to have 'overseas cover'.

 

If not, is it advsiable to upgrade from ambulance cover to Private hospital cover.

 

Many Thanks. Any advice is appreciated.

Guest guest36187
Posted

Yes it is. While I wason a 457 I had to have overseas cover. Once I had pr I could do what I wanted in regard to health insurance

Guest beachman
Posted

So what I am doing is illegal then? Oops it was an honest mistake. Oh dear, If i pick up some overseas cover tomorrow, do you know if i will be hit with the medicare levy when the financial year ends as I wont have had 'overseas cover' for the whole 2011 financial yr. I think its 600 bucks?

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