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Medibank Private Health Insurance

Does private health insurance %$4 save me money? $. %$4 Will I have to pay more tax if I don't get hospital cover? Percentage of your income you'll be taxed – Medicare Levy Surcharge Income levels for people under 65 years 0.0% 1.0% 1.25% 1.5% $88,000 or less $88,001 - $102,000 $102,001 - $136,000 $136,001 or more $176,000 or less $176,001 - $204,000 $204,001 - $272,000 $272,001 or more singles Depending on your income#, if you don't have appropriate hospital cover, you might have to pay the Medicare Levy Surcharge i.e. more tax families 31 I need to act quickly! Today Extra amount you'll have to pay - Lifetime Health Cover Loading 2% 20% 40% 60% 70% ш1 31 40 50 60 70 years years years years years Lifetime Health Cover Loading I Years without hospital cover Once you turn 31 you pay an extra 2% on your premiums for each year you go without hospital cover. Every year you wait means paying more when you finally do take out hospital cover. The loading is removed once you've held hospital cover for 10 continuous years. The government can help pay for my premiums $4 The Federal Gouernment Rebate Income levels for people under 65 years 30% 20% 10% 0% Rebate Rebate Rebate Rebate $88,000 or less $88,001 - $102,000 $102,001 - $136,000 $136,001 or more $176,000 or less $176,001 - $204,000 $204,001 - $272,000 $272,001 or more singles families The government can help pay towards the cost of your premiums, depending on your income# $4 $4 Hauing priuate health insurance could be less than the tax I pay Basic Hospital Cover $500 excess tax $676 a year* $880 In some cases, getting private health insurance could save you money. If your income for Medicare Levy Surcharge purposes was $88,001 and you didn't have hospital cover, you would pay $880 tax. *Quote for Single Cover in NSW. Prices ated at 24/05/2013 and is subject to change without notice. Price is for customers eligible for 30% Australian Government Rebate and nil Lifetime Health Cover Loading. Rebate levels vary from 0% to 40%, which you can change when getting a quote. Want to know more? www.medibank.com.au medibank Income levels above as of July 2013 #Please note the threshold information is a general guide only and may vary according to your particular circumstances. For more information, visit ato.gov.au or speak to your financial adviser. For Better Health %24 %24 %24 %24 %24

Medibank Private Health Insurance

shared by CuratedContent on Aug 09
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Having private health insurance can save you beaucoup bucks when the tax man comes around!

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