The Federal Government has announced that from the 1st of January 2015, the Medicare Safety Net will be increased, meaning you will need to spend more on out-of-pocket medical expenses before becoming eligible for the additional Medicare Benefit.
What is the Medicare Safety Net?
The Medicare Safety Net was put in place by the Australian Federal Government to help individuals who have high medical costs. The Safety Net provides an additional Medicare benefit once you reach the relevant threshold of out-of-pocket medical costs, including IVF cycle fees.
From 1st January 2015, the threshold will be increased from the current amount of $1,248.70 for singles and families, to $2,000.
What does it mean for me?
The rise in the threshold essentially means an increase in the amount of money you will need to spend before reaching the Safety Net and becoming eligible for the maximum Medicare benefit. This means that in 2015, patients at Next Generation Fertility (NGF) may face a reduction in the total Medicare rebate they receive on their first claimable cycle (IVF, ICSI, FER, IUI) for the calendar year.
What can I do?
If you are already in discussion with your NGF specialist about treatment in early 2015, you may want to think about bringing it forward into 2014. Our nursing team and your NGF specialist are available to discuss if this is an option for you.
Also, you have a greater chance of reaching the Safety Net faster if you and your partner are registered as a family. Call into a Medicare office or call 13 20 11 to find out more.
If you have any more questions or concerns, please ring our administration team on (02) 9890 9022.