Who won have to pay the surcharge?
You will not have to pay the 2011/12 Medicare Levy Surcharge if: • your taxable income is below the income threshold of $80,000 for a single person or $160,000 for a couple or family; • your taxable income is over the income threshold but you have hospital insurance for you and all of your dependents with a registered health insurer, like HIF; • you are normally exempt from the Medicare Levy because you are a prescribed person and you do not have any dependents; • you are a high-income earner who had already purchased a hospital insurance product with a front-end deductible or excess greater than $500 for singles or $1,000 for families/couples, on or before 24 May 2000 (in this case you will continue to be exempt from the surcharge as long as you maintain continuous membership under the same hospital treatment policy). Use our handy online tax savings calculator to see if you will incur the Medicare Levy Surcharge.
