Medicare Levy – I recently changed private heath funds because my new fund gives me a better rebate on Extras such as dental. Do I have to pay the Medicare Levy if I have Extras cover with a private health fund or do I need to have private hospital cover as well?

Unless you qualify for a reduction or exemption, all Australian tax payers pay the Medicare Levy. The amount you pay is calculated as 2% of your taxable income.
For more information on the Medicare Levy.

In addition, if you don’t have private hospital cover and earn over $90,000 as a single or $180,000 as a family, you will need to pay an additional Medicare Levy Surcharge. Up to date information on tiers and rates.