+ Reply to Thread
Results 1 to 5 of 5
  1. #1
    Join Date
    Apr 2012
    Posts
    2,058
    Thanks
    2
    Thanked
    310
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Medicare limits

    Sorry if this is in the wrong section but can someone help me understand this Medicare cap / threshold.
    Is it calendar or financial year? And what exactly is the limit

  2. #2
    Join Date
    Apr 2009
    Posts
    1,292
    Thanks
    122
    Thanked
    159
    Reviews
    7
    Achievements:Topaz Star - 500 posts
    Calendar year.. The figures for out of pocket thresholds are on the Medicare website, they vary slightly for different circumstances

  3. #3
    Join Date
    Jan 2009
    Posts
    10,611
    Thanks
    404
    Thanked
    1,918
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    It's calendar year. I went over it this year, and because we got some ftb part A last year, the threshhold was $600. If you don't get ftb A, it's higher.

    once you go over, you get a lot back. For example, I paid $90 for a doctor's consultation and got $81.45 back (normally would only get about half back).

    If you think you're going to go over, make sure you phone Medicare to ensure that you and your spouse and children are all registered so they combine the out of pocket expenses for the purposes of the safety net.

  4. #4
    Join Date
    Apr 2012
    Posts
    2,058
    Thanks
    2
    Thanked
    310
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Thanks

  5. #5
    Join Date
    Feb 2012
    Location
    Sydney NSW
    Posts
    1,826
    Thanks
    594
    Thanked
    591
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Also, remember that there is also a second threshold related to tax- which runs per tax year- you can claim 20% of out of pocket medical expenses once over the threshold of $2000 (I think those are the correct figure, but it would be worthwhile checking). So, things such as out of pocket OB management fees, which can often run into the thousands, may attract some sort of refund at tax time.


 

Similar Threads

  1. Portacots and Weight Limits??
    By LifeInShadesOfGrey in forum General Parenting Tips, Advice & Chat
    Replies: 5
    Last Post: 18-10-2012, 21:43
  2. Rear facing car seats with high weight limits?
    By wildflowers in forum Product Recommendations & Questions
    Replies: 6
    Last Post: 29-02-2012, 09:32

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Pebblebee
Parents spend hours looking for things they need NOW. The keys, the remote, darling daughter's treasured teddy. Stop wasting precious time looking & start finding with Bub Hub reviewed Pebblebee Smart Tag. Simply attach a Pebblebee and find it fast.
sales & new stuffsee all
Wendys Music School Melbourne
Wondering about Music Lessons? FREE 30 minute ASSESSMENT. Find out if your child is ready! Piano from age 3 years & Guitar, Singing, Drums, Violin from age 5. Lessons available for all ages. 35+ years experience. Structured program.
Use referral 'bubhub' when booking
featured supporter
Softmats
Softmats specialises in safe, non-toxic, and durable play mats. The international Premium Dwinguler™ Play Mats and Premium Bubba Mat™ range of floor spaces are the best quality in the world.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!