Summary of pharmaceuticals and private health insurance
These savings will provide increased and secure medical research funding for decades to come through the Medical Research Future Fund
| Estimated PBS Safety Net* | ||||
|---|---|---|---|---|
| General patient | Concessional patient | |||
| New | Current Settings | New | Current Settings | |
| 2015 | $42.70 | $37.70 | $6.90 | $6.10 |
| Estimated PBS Safety Net* | ||||
|---|---|---|---|---|
| General patient | Concessional patient | |||
| New | Current Settings | New | Current Settings | |
| 2015 | $1,597.80 | $1,452.50 | 62 scripts ($427.80) | 60 scripts ($366) |
| 2016 | $1,798.00 | $1,485.90 | 64 scripts ($454.40) | 60 scripts ($372) |
| 2017 | $2,029.20 | $1,524.50 | 66 scripts ($481.80) | 60 scripts ($384) |
| 2018 | $2,287.90 | $1,562.60 | 68 scripts ($510.00) | 60 scripts ($396) |
* Co-payments and safety net thresholds are projected from 1 January 2015 and beyond based on estimates of indexation by the Consumer Price Index.
| Medicare Levy Surcharge (MLS) and Private Health Insurance (PHI) rebate tiers (2014-15 to 2017-18) | ||||
|---|---|---|---|---|
| MLS | Base | Tier 1 | Tier 2 | Tier 3 |
| 2015 | $1,597.80 | $1,452.50 | 62 scripts ($427.80) | 60 scripts ($366) |
| Singles | $0 to $90,000 | $90,001 to $105,000 | $105,001 to $140,000 | $140,001+ |
| Families and couples | $0 to $180,000 | $180,001 to $210,000 | $210,001 to $280,000 | $280,001+ |
| MLS | 0% | 1.0% | 1.25% | 1.5% |
Further information about the MLS is available from the Australian Taxation Office which can be contacted on 132 861 or at http://www.ato.gov.au/Individuals/Medicare-levy/Medicare-levy-surcharge.
For details on the PHI tiers and rebate amounts please phone 02 6289 9853 (24hr answering machine) or visit www.health.gov.au/phi.