Have received some good advice from Peter Jenke about the Commonwealth Seniors Health card. He noted ‘that in November just gone, the eligibility earnings limits for the Comm Seniors Health Card were raised significantly. For a couple, the limit is now $144,000 pa. Because deeming rates are used in any calculation, a lot of self-funded retirees may now be eligible and thus able to save quite a bit, particularly in relation to their pharmacy bills. Other benefits vary state by state.’
He further noted that the application can be ‘a bit of a bugger’ to complete – depending on individual circumstances and that if you have a SMSF that does complicate the process some.
Anyway, it would be worth your while to check it out. As a starting point go to https://www.dva.gov.au/health-and-treatment/veteran-healthcare-cards/commonwealth-seniors-health-card