Medicare Levy & Surcharge (MLS) Calculator
Estimate your 2% Medicare Levy, low-income threshold phase-in relief, and Medicare Levy Surcharge (MLS 1% to 1.5%) if you do not have private hospital cover.
Estimate your 2% Medicare Levy, low-income threshold phase-in relief, and Medicare Levy Surcharge (MLS 1% to 1.5%) if you do not have private hospital cover.
Estimate your 2% Medicare Levy, low-income threshold phase-in relief, and Medicare Levy Surcharge (MLS 1% to 1.5%) if you do not have private hospital cover. Calculate exact, penny-accurate projections compliant with 2026 ATO • Reserve Bank of Australia (RBA) standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
You are paying $1,500.00 in MLS surcharge penalty. A basic hospital cover policy typically costs around ~$1,200.00/year. Purchasing private health insurance could save you approx. $300.00 while providing private hospital access.
Total Medicare = Taxable Income × 2% (Levy) + Taxable Income × (0% | 1.0% | 1.25% | 1.5% MLS if un-insured)The standard 2% Medicare Levy funds public health (Medicare). High earners without qualifying private hospital cover pay an additional 1.0% to 1.5% Medicare Levy Surcharge (MLS).
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual ATO tax rates, superannuation rules, RBA cash rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult an ASIC-licensed financial advisor or CPA prior to executing financial commitments.
The Medicare Levy is a standard 2% tax paid by most Australians for universal healthcare. The Medicare Levy Surcharge (MLS) is an extra 1% to 1.5% penalty tax paid only by higher income earners who do not have an appropriate level of private hospital insurance.
No. Only complying Private Hospital Cover with an excess of $750 or less (singles) or $1,500 or less (couples/families) exempts you from the Medicare Levy Surcharge.
For singles, MLS kicks in at $97,000. For couples and families, it begins at $194,000 (plus $1,500 for each dependent child after the first).
You can avoid the MLS by holding an eligible private hospital cover with an Australian registered health insurer with an excess of $750 or less for singles ($1,500 for couples/families) for the full financial year.
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