From 1st July 2012 the private health insurance rebate will be income tested, and there are changes to the Medicare levy.
Full details can be viewed at the Department of Health and Ageing site.
The changes will operate as follows from 1 July 2012:
 |
Unchanged
|
Tier 1
|
Tier 2
|
Tier 3
|
|---|---|---|---|---|
| Singles Families |
≤ $84,000
≤ $168,000 |
$84,001-97,000
$168,001-194,000 |
$97,001-130,000
$194,001-260,000 |
≥ $130,001
≥ $260,001 |
|
Rebate
|
||||
| < Age 65 |
30%
|
20%
|
10%
|
0%
|
| Age 65-69 |
35%
|
25%
|
15%
|
0%
|
| Age 70+ |
40%
|
30%
|
20%
|
0%
|
|
Medicare Levy Surcharge
|
||||
| All ages |
0.0%
|
1.0%
|
1.25%
|
1.
|