Budget 2013-2014 Medicare Levy Increase to 2%

27 May 13

31/05/2013
Medicare levy increase to 2% confirmed to fund Disability Care

The Medicare levy will be increased by 0.50% to 2% with effect from 1 July 2014; to help fund the Government’s proposed National Disability Insurance Scheme (NDIS), now renamed Disability Care Australia. Low-income earners will continue to receive relief from the Medicare levy through the low-income thresholds for singles, families, seniors and pensioners.  The current exemptions from the Medicare levy will also remain in place, including for blind pensioners and sickness allowance recipients. If the appropriate bills are passed, the increase will apply from 1 July 2014.