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The levy

The 2% that funds Medicare

The surcharge

The Medicare Levy Surcharge

Quick check: levy versus surcharge

That extra 2% on your tax has a name: the Medicare levy. This short module explains what it funds, who pays a reduced rate or nothing at all, and the separate Medicare Levy Surcharge that can catch higher earners without private hospital cover — sometimes costing more than the insurance itself.

The Medicare Levy and Surcharge

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