medicare

Question 1

What is medicare

Answer 1

universal healthcare system that provides all australians with accessible and affordable healthcare

Question 2

how is medicare funded

Answer 2

medicare levy
medicare levy surcharge
general taxation

Question 3

what is medicare levy

Answer 3

2% of your taxible income

Question 4

medicare levy surcharge

Answer 4

additional 1-1.5% on top of medicare levy if you don’t have PHI or don’t meet the financial requirement

Question 5

whats covered by medicare

Answer 5

GP visits
X-rays

Question 6

whats not covered by medicare

Answer 6

cosmetical procedures and physio

Question 7

whats private health insurace

Answer 7

additional insurance that can be purchased on top of medicare for services that aren’t covered by medicare

Question 8

whats covered by PHI

Answer 8

ambulance and physio

Question 9

what are the PHI incentives

Answer 9

government rebate 30%
medicare levy surcharge
lifetime cover before 31 or have to pay 2% extra

Question 10

what is Pharmaceutical benefits scheme

Answer 10

subsidizes the cost of a wide range of prescription medications, Providing Australians with access to necessary and cost-effective medicines at an affordable price