The Finance Algorithm
§ Tool · tier 1 · independent

Medicare Levy Calculator.

Calculate your Medicare levy and Medicare Levy Surcharge. See if you qualify for a reduction or exemption, and whether you need private health insurance.

CalculatorFree, no signupOn-deviceupd May 2026
Inputs
Your numbers
$
$85k

Your annual taxable income

Affects MLS thresholds and Medicare levy reduction

Children under 21 or full-time students under 25

The MLS applies to high earners without private hospital cover

$
$0

Used for MLS family income threshold

35y

Affects Lifetime Health Cover loading calculations

Math updates live as you change inputs · AI runs on submit

Awaiting inputs

Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.

All Australian residents pay the Medicare levy — a 2% tax on taxable income that funds the public healthcare system. But it doesn't stop there. High-income earners without private hospital cover also pay the Medicare Levy Surcharge (MLS) — an additional 1% to 1.5%. Understanding both is essential: sometimes private health insurance (at ~$1,200-$2,000/year) costs LESS than the MLS (which can be $2,000+). This calculator shows you exactly what you owe and whether getting health cover makes financial sense.

§ Worked examples

Real-world scenarios

Single Earner Without Health Cover

Jake earns $110,000 and doesn't have private hospital cover.

Medicare levy: $2,200 (2%). MLS at 1.25%: $1,375. Total Medicare-related tax: $3,575. Basic hospital cover would cost ~$1,200-$1,800/year. Jake saves $375-$975 by getting health cover PLUS gets the benefit of actual hospital insurance.

Low-Income Reduction

Maria is a student earning $27,000 from part-time work.

At $27,000, Maria is in the Medicare levy reduction zone ($24,276-$30,345). Her reduced levy is approximately $272 instead of $540. Below $24,276, she'd pay no Medicare levy at all.

§ FAQ

Questions Australians ask

§ Glossary

Plain-English definitions

Medicare Levy
A 2% tax on taxable income for all Australian residents to fund the public healthcare system. Most residents pay this; low-income earners may qualify for reduction or exemption.
Medicare Levy Surcharge (MLS)
An additional 1-1.5% levy on high-income earners who don't have compliant private hospital cover. Applies to singles over $93,000 and families over $186,000.
Lifetime Health Cover (LHC)
A government initiative that adds 2% to your private health insurance premium for every year past age 30 that you didn't have hospital cover. The loading is removed after 10 continuous years of cover.
Private Health Insurance Rebate
An income-tested government rebate that reduces the cost of private health insurance premiums. The percentage decreases as income increases.