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Second Reading Speeches

Medicare Levy Amendment (Excess Levels for Private Health Insurance Policies) Bill 2018

Type
Government
Portfolio
Health
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Part of a package of three bills to increase maximum excess levels for private hospital cover, the bill amends the

Medicare Levy Act 1986
to: give effect to new maximum voluntary excess levels that are permitted for a complying health insurance policy to exempt the holder from the Medicare Levy Surcharge; and remove the grandfathering provisions that provided Medicare levy surcharge exemptions for certain policies that pre-date the commencement of the
Private Health Insurance Act 2007
.