Australian Medicare Prescription Charges 2024

Prescription Costs in 2024.

Medicare Prescription Charges have a maximum price that can be charged to Medicare Card holders.  These are the subsidised prices so that most people pay less than the actual cost of the medicine.

People with a concession card, health care card or other concession card, pay a much lower price than the normal subsidised prices.

Medicare Prescription cost effective from 1 January 2024.

The maximum cost for most Prescription items has risen to $31.60, from the $30 in 2023. An increase of $1.60 or 5.3%

Concession card holders face an increased maximum cost of $7.70, from the $7.30 in 2023. An increase of $0.40 or 5.5%

Some Pharmacies give a $1 discount, so the cost for a concession card holder might be $6.70 at these pharmacies.

• • In January 2024, I paid $6.70 for a prescription.
  • In 2023, I paid $6.30 for most prescriptions.
  • In 2022, I paid $6.60 for most prescriptions.
  • In 2021, I paid $6.60 for most prescriptions.
  • In March 2020, I paid $5.60 for a prescription.
  • In 2019, I paid $5.50 for my prescriptions.
  • In 2018, I paid $5.40 for my prescriptions.

www.pbs.gov.au

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Safety Net Thresholds for 2024.

• General: $1,647.90
• Concessional: $277.20

History of Australian Prescription Fees 2001-2024.

• 2001 Concession card Holders paid $3.50. Normal price was $21.90.
• 2002 Concession card Holders paid $3.60. Normal price was $22.40.
• 2003 Concession card Holders paid $3.70. Normal price was $23.10.
• 2004 Concession card Holders paid $3.80. Normal price was $23.70.
• 2005 Concession card Holders paid $4.60. Normal price was $28.60.
• 2006 Concession card Holders paid $4.70. Normal price was $29.50.
• 2007 Concession card Holders paid $4.90. Normal price was $30.70.
• 2008 Concession card Holders paid $5.00. Normal price was $31.30.
• 2009 Concession card Holders paid $5.30. Normal price was $32.90.
• 2010 Concession card Holders paid $5.40. Normal price was $33.30.
• 2011 Concession card Holders paid $5.60. Normal price was $34.20.
• 2012 Concession card Holders paid $5.80. Normal price was $35.40.
• 2013 Concession card Holders paid $5.90. Normal price was $36.10.
• 2014 Concession card Holders paid $6.00. Normal price was $36.90.
• 2015 Concession card Holders paid $6.10. Normal price was $37.70.
• 2016 Concession card Holders paid $6.20. Normal price was $38.30.
• 2017 Concession card Holders paid $6.30. Normal price was $38.80.
• 2018 Concession card Holders paid $6.40. Normal price was $39.50.
• 2019 Concession card Holders paid $6.50. Normal price was $40.30.
• 2020 Concession card Holders paid $6.60. Normal price was $41.00.
• 2021 Concession card Holders paid $6.60. Normal price was $41.30.
• 2022 Concession card Holders paid $6.60. Normal price was $42.50.
• 2023 Concession card Holders paid $7.30. Normal price was $30.00.
• 2024 Concession card Holders paid $7.70. Normal price was $31.60.

More can be see at: www.pbs.gov.au/…/fee