All Collections
General Tax Information
How does Private Health Insurance impact on my tax?
How does Private Health Insurance impact on my tax?

Private Health Insurance & Medicare Levy Surcharge

Peter Bayliss avatar
Written by Peter Bayliss
Updated over a week ago

The Medicare Levy Surcharge (MLS) is a a strategy by the Australian Government to encourage people to take out private hospital cover and reduce the burden on the public medicare system. 

To put it simply, if you earn over a certain amount and don't have private health insurance with hospital cover, you will pay an additional amount of tax to cover the MLS. 

For more information on this click here

Did this answer your question?