Seniors health card

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The Budget proposal is to index (based upon CPI) the current income limits applying to the eligibility for the Commonwealth Seniors Health Card. This will apply from 20 September 2014.

It is also proposed that from 1 January 2015, account pensions will be counted when determining the eligibility for the Seniors Health Card. The assessment of superannuation income will be the same for age pension recipients from 1 January 2015.

However, all superannuation account income streams held by existing Seniors Card Holders before 1 January 2015 will be grandfathered under the existing rules. It may be worth exploring your eligibility before 1 January 2015.