GENERAL KNOWLEDGE

Detailed explanation-1: -The Medicare levy is an amount you pay in addition to the tax you pay on your taxable income. Find out about the Medicare levy exemptions and check if you qualify for an exemption from paying the Medicare levy.

Detailed explanation-2: -The Medicare levy is 2% of your taxable income. You may get a reduction or exemption from paying the Medicare levy, depending on you and your spouse’s income and circumstances. You need to consider your eligibility for a reduction or an exemption separately.

Detailed explanation-3: -For citizens and permanent residents, Australian health care can be low-cost or free. The costs of healthcare in Australia are covered through taxes. Residents pay 2% of their income to the Medicare Levy, which funds the public system.

Detailed explanation-4: -Medicare is a national scheme providing Australians (and some overseas visitors) with free or subsidised health services.

Detailed explanation-5: -Medicare is the insurance scheme that gives Australian citizens and permanent residents access to healthcare, including a wide range of health and hospital services at no cost or low cost. Medicare is funded by Australian taxpayers who pay 2% of their taxable income to help cover costs.