What is the Medicare Levy Surcharge? The Medicare Levy Surcharge is an extra tax that some high-income earners pay in addition to the Medicare Levy. It encourages more Australians to take out private hospital insurance. Like the Medicare Levy, the surcharge helps fund the public health system. When you take out private hospital cover, you […]
Medicare and Private Health Insurance
Tax Advice: 2026 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
The Medicare Levy
What is the Medicare Levy? Have you ever looked at your Notice of Assessment (NOA) or tax refund estimate and seen a line for the Medicare Levy? Not sure what it is? Don’t worry, you’re not alone and this article has got you covered. For most Australians, healthcare is essentially free. If you get sick, […]
Getting Married and Taxes: What you need to know for your next tax return
Marriage is an exciting and joyful time, but when it comes tax and your spouse, it’s also a source of confusion amongst taxpayers in Australia. At Etax, prospective newlyweds often ask us about the tax implications of getting married. Often, they want to know whether a joint tax return is needed when their relationship status […]
Private Health Insurance and Tax: Should You Get Private Health Cover?
Should I get private health insurance? Many Australians are questioning whether private health insurance still offers good value. Saving money when it comes to tax time is an important part of the decision. Consumer watchdog Choice has criticised some cheap hospital policies that technically satisfy the Medicare Levy Surcharge exemption but cover very little, leaving […]
Private Health Rebate: How does it impact my Private Health Insurance?
The private health rebate is a percentage of the total premium amount which can be applied as a reduction to your health insurance premiums or it can be applied as a refundable tax offset come tax time. What impacts my private health rebate? Your rebate is calculated based on your living status, age and income […]
