You could pay more than $900 extra tax each year if you earn over $90,000 as a single or $180,000 as a couple or family, and don’t have private hospital cover.
The Medicare Levy Surcharge is a 1% to 1.5% tax that you have to pay if your annual income is over $90,000 as a single, or $180,000 as a couple or family, and you’re not currently covered by an eligible health insurance policy.
If you earn over the Medicare Levy Surcharge income thresholds, you could be paying a minimum of $900 each year in additional tax as a single, or $1,800 each year as a family – simply because you’re not covered by an appropriate level of private health insurance.
Source: MLS, privatehealth.gov.au