An insurance surcharge is an additional cost based on rating factors, which assess the degree of risk. Insurance companies and governments may charge surcharges to cover risks or fund insurance for low-income people. Surcharges can be challenged with legal assistance. An insurance surcharge is an additional cost on an insurance policy, usually based on rating […]
The Medicare Collection Surcharge is an additional tax in Australia for citizens earning above a certain income without private health insurance, aimed at encouraging private cover and reducing the burden on the Medicare system. The minimum income limit for the tax was $77,000 AUD in 2010, and dependents must also be covered. The tax is […]
