Lifetime Health Cover (LHC) loading

Lifetime Health Cover is designed to get people to take out private hospital cover earlier in life and keep it.

If you have private hospital cover by 1 July after your 31st birthday and keep it, you don’t have to worry about it.

If you decide to get hospital cover later, you’ll pay 2% more for cover for every year you’re over 30. This is called your Lifetime Health Cover loading.

Other things to know about LHC:

  • The maximum LHC loading you can have is 70% at 65 years old
  • People who were born on or before 1 July 1934 are exempt from the loading
  • LHC loadings stay on your cover for 10 years. Once you’ve had hospital cover for 10 years straight the loading is removed (some conditions apply)

Graph illustrating accumulation of Lifetime Health Cover LHC