The CSHC is a concession card enabling access to cheaper health care and some discounts if you’ve reached Age Pension age.
With a CSHC you may receive benefits such as:
Cheaper medicine under the Pharmaceutical Benefits Scheme (PBS)
Bulk billed doctor visits – this is up to your doctor
A refund for medical costs when you reach the Medicare Safety Net, and
Depending on your state or territory government and local council, lower electricity and gas bills, property and water rates, and public transport.
To get this card you must meet all of the below conditions:
An income test applies
To get a CSHC, you must meet an income test and earn less than the following:
$90,000 a year if you’re single
$144,000 a year for couples, or
$180,000 a year for couples separated by illness, respite care or prison.
The income test will look at both your:
When it comes to deeming amounts for account based income streams, the actual amounts paid from your income stream are ignored. Rather, Centrelink assumes that your income stream (including other financial investments) earn a certain rate of income based on a percentage of the account balance at the start of the year.
The percentage is 0.25% up to a threshold ($56,400 for singles, $93,600 for couples) and then 2.25% thereafter.
For example, if you are a single person with a $1.5 million account-based income stream, you would have a ‘deemed income’ amount from that
pension of $32,622, worked out as follows:
(0.25% x $56,400) + [2.25% x ($1.5m - $56,400)] = $32,622
Whereas (using the same formula) a couple with income streams of $1.5 million each would have deemed income of $65,628, combined.
No assets test applies
There is no assets test for the CSHC. This means you could have large accumulation accounts or make large withdrawals from your accumulation or pension accounts each year and have no impact on your CSHC!
How to claim
The easiest way to claim the CSHC is online via your myGov account. Alternatively, you can also claim by form or phone.
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