Losing your job or being made redundant can be a stressful time. Not only can it affect your career, but it can affect your health and personal relationships
The Commonwealth Seniors Health Card is aimed at independent retirees who have reached Age Pension or Service Pension age and who are not entitled to, or have chosen not to claim, an entitlement to social security benefits.
To obtain the Seniors Health Card a person must:
The level of the annual ‘adjusted taxable income’ must be less than:
Holders of the card receive concessional prescription medicines through the Pharmaceutical Benefits Scheme (PBS). This is a ‘safety net’, for people requiring a lot of medicines. Once prescription expenses reach a certain threshold amount over a calendar year period, clients are entitled to receive free PBS medicines for the remainder of that year.
There is no assets test for entitlement to this non-cash benefit.
What is adjusted taxable income (ATI)?
The definition of ATI for the Commonwealth Seniors Health Card includes:
Note: The income you receive from an account based pension income stream is not taxable income. This income does not count as part of the $50,000 / $80,000 limit above.