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Most Centrelink benefits require applicants to meet income and/assets tests before they can qualify for a benefit, and whilst the Commonwealth Seniors Health Care card is no different in that it has qualifying terms, the requirements for qualifying are somewhat less stringent. The CSHC qualifying terms are based upon meeting an ‘adjusted annual taxable income’ targets, details of which can be found on the Centrelink website.
There are proposals in place to change these qualifying terms somewhat, however as it currently stands many self-funded retirees will qualify for a concessional card which counts the following among its benefits:
To learn more about this benefit, please feel free to contact our office on 03 9999 7200 and book an appointment with one of our financial advisers.