thread: health insurance

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  1. #13
    abs Guest

    Besides I thought of something else...if you're over 30 and earn over a certain amount you pay an extra medicare levy anyways...I'd rather pay into the private health scheme than into govt coffers....
    dont have to be over 30...

    if you earn over a certain amount and dont have PHI, mr tax man will charge you an additional medicare premium (1%?). Tis not long when that additional premium overtakes PHI cover, so works out in your favour to have the cover

    The over 30 bit is if you join at say 40, you pay (40-30)x2% extra loading on your PHI cover
    Last edited by abs; September 15th, 2006 at 01:30 PM.