Australian Government Lifetime Health Cover Loading. This premium loading was introduced by the Australian Government in July 2000 to encourage people to take out private hospital insurance at a younger age and maintain it over time. To avoid this loading you can take out hospital cover by July 1st following your 31st birthday which is called your base day.
It will help you determine if you have paid a loading on your hospital cover for at least ten years. What is Lifetime Health Cover LHC loading. Once you turn 31 a 2 loading is added to your hospital cover premium for every year youre without hospital cover.
This premium loading was introduced by the Australian Government in July 2000 to encourage people to take out private hospital insurance at a younger age and maintain it over time.
The lifetime health cover loading was introduced by the australian government in july 2000 to encourage people to take out private hospital insurance at a younger. Use these calculators to help you work out the lifetime health cover LHC loading payable on your private hospital cover. Once you turn 31 youve got until the following 1 July to buy private hospital cover and avoid paying the loading. This premium loading was introduced by the Australian Government in July 2000 to encourage people to take out private hospital insurance at a younger age and maintain it over time.
