Medicare Safety Net

 Reaching the Medicare safety net can make your psychology sessions much cheaper. When you spend a certain amount on out-of-pocket costs, Medicare offers increased rebates (80-90%). Many of my clients reach that point around June- July. 

If you are an individual, you don’t need to register, but if you are a couple or a family, then yes, you will have to register. 

More about this here :

So, how much do you need to spend out of pocket? 

Extended Medicare Safety Net (EMSN)- General


Extended Medicare Safety Net (EMSN) – Concessional and Family Tax Benefit Part A


(This applies to the calendar year, starting from the first of January) .

What does it mean in practical terms?

If you pay $230 per session, you will get at least $176 back (80%), which means only $54 out of pocket. 

(Most of my clients actually get around %88 back, which means only around $30 per session!) 

What to do next? 

Check how much you have spent already and how far you are from reaching your Medicare safety net.   

Register ( if you haven’t done it so far).  

Pay attention to your medicare costs, as this can affect planning your sessions this year. 

You can find more information on the Medicare website.