This rewards people who take out private hospital cover early in life by guaranteeing lower premiums. The longer you delay, the more expensive it gets.

If you don't have hospital cover by June 30 following your 31st birthday, your premiums will be 2% more expensive for each subsequent year. For example:

  • wait until you're 40, pay 20% extra
  • wait until you're 50, pay 40% extra
  • wait until you're 65, pay the maximum of 70% extra.

So take out private hospital cover now and enjoy the benefits of quality cover with cheaper premiums for life.

For more information:  

IMPORTANT CHANGES: If you are subject to a Lifetime Health Cover loading (LHC)

If you currently pay a LHC loading, as of the 1 July 2013, the Australian Government Rebate on private Health Insurance will no longer apply to the LHC component of your hospital cover premiums. You will still receive the Rebate on the  standard component of your chosen cover.