What is Lifetime Health Cover (LHC)?
• Lifetime Health Cover is a Federal Government initiative to encourage you to join private hospital cover earlier in life. For every year you are aged over 30 and do not have hospital cover, you will pay an additional 2% loading on top of your ‘base’ hospital contribution. The maximum loading for any person is 70%. For a single policy, the loading is applied directly to the base hospital contribution rate. For a couple/family policy, the loading is calculated by taking the average of yours and your spouse/partner’s loading, and then applying this new percentage to the base hospital contribution. You will not have to pay a loading if you: Have maintained hospital cover since 30 June 2000 Joined hospital cover before 30 June following your 31st birthday Were born before 1 July 1934 Have recently migrated to Austrlia and you join hospital cover within 12 months of entitlement to full Medicare benefits. After 10 years of continuous hospital cover, any loading that you currently pay will b
