04/10/2026
The Medicare levy surcharge trap many parents miss
If you earn over the income threshold and have private health insurance, this is something you need to check.
Many people know they need hospital cover for themselves, but forget their children also need to be covered. If your child isn’t included on your policy, both parents could be hit with the Medicare levy surcharge.
This can become a costly mistake, especially with newborn children or after family changes like separation.
Make sure your family is correctly covered before it becomes a problem.
P.S. If you’re unsure whether your private health insurance setup is protecting you from unexpected tax costs, send me a DM and let’s chat.
Disclaimer: This video is not for financial or tax advice and for educational purposes only. Liability limited by a scheme approved under Professional Standards Legislation.