Medicare Safety Net Thresholds 2020

Medicare Safety Net Thresholds from January 2020.

Original Medicare Safety Net.

The Original Medicare Safety Net (OMSN) works in conjunction with the Extended Medicare Safety Net (EMSN).

Under the OMSN, once the annual threshold is reached, Medicare benefits increase to 100 per cent of the Medicare Benefits Schedule (MBS) Fee … Read the rest

Pharmaceutical Benefits Safety Net thresholds

The Australian Medicare system provides Pharmaceutical Prescriptions at subsidised prices for most people in Australia.

Some groups, those that hold concession cards, have these Prescriptions subsidised at a greater rate than others.

Normal prices for Prescriptions in Australia are currently:

  • up to $6.60 for concession card holders.
  • up to $41.00
Read the rest

Partner Visas and Medicare

Is a Partner Visa Applicant Eligible for Medicare?.

You can enrol in Medicare if you live in Australia and have applied for a Permanent Resident Visa.

This includes if you’ve applied for a combined Onshore Partner Visa 820/801.  The application for this is actually for the Permanent Visa (801), even … Read the rest

Medicare Safety Net Thresholds 2019

Medicare Safety Net Thresholds from January 2019.

Original Medicare Safety Net.

The Original Medicare Safety Net (OMSN) works in conjunction with the Extended Medicare Safety Net (EMSN).

Under the OMSN, once the annual threshold is reached, Medicare benefits increase to 100 per cent of the Medicare Benefits Schedule (MBS) Fee … Read the rest

Medicare Levy Threshold for Tax Purpose 2017-18

Australian Medicare Levy Threshold.

The Australian Medicare system is partly funded by taxpayers who pay a percentage of their taxable income as a Medicare levy.

The lower paid are exempt from this levy, and some higher paid are required to pay a higher percentage than others.

2017-2018 Medicare Threshold.

Taxable … Read the rest

Medicare Levy Surcharge

Medicare Levy Surcharge in Australia.

The Medicare levy surcharge (MLS) was introduced to encourage individuals to take out private hospital cover and reduce demand on the public Medicare system. This should free up Public Medical facilities and reduce waiting times.

The Medicare levy surcharge is in addition to the Medicare … Read the rest

Medicare Levy Reduction or Exemption

Australian Low Income Earners can Qualify for a Medicare Levy Reduction or Exemption.

The Medicare levy is currently 2% of Taxable Income, in addition to Income Tax.
If your taxable income is below a certain threshold, your Medicare Levy may be Reduced or Removed.

2016-17 Medicare Levy Thresholds.

If your … Read the rest