The Medicare Levy Surcharge (MLS) is an additional tax (on top of the 2% Medicare Levy we all have to pay) that’s levied on to Australian taxpayers who earn above the MLS thresholds and don’t have private hospital cover.
CAN YOU AVOID THE MEDICARE LEVY SURCHARGE (MLS) IF YOU GET HOSPITAL COVER?
Many people get hospital cover to avoid tax otherwise known as the Medicare Levy Surcharge (MLS). If you earn more than $90,000 as a single or $180,000 as a family, you could be paying up to 1.5% extra in tax if you don’t have hospital cover.
By getting Government approved hospital cover, you won’t be liable for the Medicare Levy Surcharge.