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Does Lifetime Health Cover loading apply to you?

Use our LHC calculator to find out whether or not you need to pay Lifetime Health Cover (LHC) loading on your private hospital cover.

 

What is Lifetime Health Cover (LHC) loading?

The Federal Government introduced the Lifetime Health Cover loading to encourage Australians to take out private hospital cover at a younger age. Basically, it recognises the length of time you've had private health insurance and rewards that loyalty by offering lower premiums – so the earlier you take out health cover, the cheaper your premiums.

Does Lifetime Health Cover loading apply to everyone?

No, there are some situations where you won’t have to incur the loading. These include if you:

Had continuous hospital since 1 July 2000

Were born on or before 1 July 1934

Are an Australian citizen or resident who is overseas at the time of the deadline and take out Hospital Cover within 12 months of your return

Are a new migrant aged 31 or over but take out hospital cover within 12 months of being eligible for Medicare

Are a member of the Australian Defence Forces

Are a Department of Veteran Affairs Gold Card Holder

How is Lifetime Health Cover loading applied?

For every year over the age of 30 that you don’t have private hospital cover, a 2% loading is applied to the cost of your insurance (and increases each year until it reaches 70%).

Calculate your LHC

Still unsure about LHC? Don't worry, just get in touch.

We know that LHC loading can be complicated due to different circumstances, such as adding a partner, previous covers and being overseas. Call our friendly team on 1300 13 40 60 or email us if you have any questions relating to LHC loading. Alternatively, just get an online quote now to see how much loading you may (or may not) incur.

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