The Age
·general
·4 hours ago
How a missing name on your health policy could cost you thousands
Individuals without all dependants listed on health policies risk a hefty Medicare Levy Surcharge, potentially reaching 1.5 percent of income. For families earning over $202,000, all dependants must have private hospital cover to avoid penalties. Missing to include even one child can trigger the full surcharge, emphasizing the importance of accurate policy details.
Summary by Glance · The Age
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