What is Lifetime Health Cover loading?
Lifetime Health Cover loading (LHC loading) is an extra cost applied to the price of hospital cover.
Each year you wait to get hospital cover after the age of 31, you’ll pay an extra 2% for your cover.
This extra cost is applied by the government, to encourage Australians to get hospital cover earlier in life.
So if you get hospital cover before you’re 31, you’ll avoid higher premiums.