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1 million retirees are missing out on this $60,000 perk

Andrew Hobbs
Andrew HobbsWealth reporter
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What if there were a government handout that even someone with $10 million in assets could comfortably get? What if that handout were worth conservatively $60,000 – and more than $90,000 if you lived in certain parts of Australia? And what if more than 1 million people who were entitled to the handout did not claim it?

Well, there is one. It’s the Commonwealth Seniors Health Card.

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Andrew Hobbs covers self-managed superannuation funds, financial planning, retirement and inheritance. He has been a financial journalist for more than 25 years, working previously at Bloomberg and Australian Associated Press.

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    Original URL: https://www.afr.com/wealth/personal-finance/1-million-retirees-are-missing-out-on-this-60-000-perk-20250205-p5l9nu