PHI 27/14

This circular issued by the Private Health Insurance Branch contains information about Private Health Insurance Rebate and Medicare Levy Surcharge Income Thresholds For 2014-15

Page last updated: 15 April 2014

Printable version of 27/14 (PDF 100 KB)

15 April 2014

Private Health Insurance Rebate and Medicare Levy Surcharge Income Thresholds For 2014-15

The income thresholds for the Australian Government Rebate on private health insurance (Rebate) and the Medicare levy surcharge (MLS) are indexed annually from 1 July in accordance with section 22(35) of the Private Health Insurance Act 2007.

The Australian Taxation Office (ATO) has advised that for 2014-15 the income thresholds are:

Income

No TierTier 1Tier 2Tier 3
Singles ≤$90,000$90,001-105,000$105,001-140,000≥$140,001
Families≤$180,000$180,001-210,000$210,001-280,000≥$280,001

Medicare Levy Surcharge - 1 July 2014 to 31 June 2015

No TierTier 1Tier 2Tier 3
All ages0.0%1.0%1.25%1.5%
Note: The thresholds increase annually from 1 July, based on growth in Average Weekly Ordinary Time Earnings. Single parents and couples (including de facto couples) are subject to the family tiers. For families with children, the thresholds are increased by $1,500 for each child after the first.

These thresholds are effective from 1 July 2014.

The following table shows the Rebate levels for the period 1 July 2014 to 31 March 2015.

Income

No TierTier 1Tier 2Tier 3
Singles≤$90,000$90,001-105,000$105,001-140,000≥$140,001
Families≤$180,000$180,001-210,000$210,001-280,000≥$280,001

Rebate - 1 July 2014 to 31 March 2015

AgeNo TierTier 1Tier 2Tier 3
Under 6529.040%19.360%9.680%0%
65-6933.880%24.200%14.520%0%
70+38.720%29.040%19.360%0%
Note: The Rebate levels change annually from 1 April, based on the Rebate Adjustment Factor. The Lifetime Health Cover component of a premium is not eligible for the Rebate.

If you require further information please telephone: (02) 6289 9853/24 hr answering machine or email the enquiry to Private Health Insurance Branch.

For more information visit 2014 Private Health Insurance (PHI) Circulars.

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