Hospital cover might help you minimise tax

How can hospital cover help minimise tax?

If your taxable income is over $90,000 as a single or over $180,000 as a couple or family, you will have to pay the Medicare Levy Surcharge (MLS) if you don’t have eligible private hospital cover. If you’re subject to the MLS based on your taxable income, you can avoid it by joining one of Frank’s hospital covers.

* The price shown is per week and applies to a {LIFESTAGE} living in VIC with a $500 excess. It excludes LHC loading and includes a Base Tier Government Rebate

Is it cheaper to have hospital cover than pay the MLS?

It can be. For example, you’re a single person under the age of 30 and have a taxable income of $90,000 per year. Without eligible hospital cover, your MLS payment would be $900. Taking out Frank’s Basic Hospital cover would cost you less than the MLS.

Check out Frank’s cheap hospital covers.

Join on combined cover to get one month free*

*For new members. Must pay first month to receive second month free. Offer ends 30 June 2018.