OVHC

Overseas visitors may be required to pay the Medicare Levy Surcharge if they earn over the threshold. The Medicare Levy Surcharge (MLS) is levied to individuals and families on higher incomes who don't have eligible private hospital cover.

 

The Medicare Levy Surcharge (MLS) is an additional amount that is required to be paid if you don't have eligible private hospital cover and earn over $90,000 as a single or $180,000 as a couple/family. The amount that is levied can be up to 1.5% on top of the original 2% everyone pays, depending on your level of income. 

People may have to pay the Medicare levy surcharge if they or any of their dependants do not have eligible cover and are:

• A single person - without dependent children - with a taxable income (including any reportable fringe benefits of $1,000 or more) greater than $90,000.
• A family - including a couple and single parent - with a combined taxable income (including any reportable fringe benefits of $1,000 or more) greater than $180,000 (increasing by $1,500 per dependent child, after the first child).

 

Have you heard the word?

On 1 July 2021, health.com.au will join forces with Frank Health Insurance.

Learn more about how this may affect your OVHC cover here.