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The Federal Government introduced Lifetime Health Cover to encourage you to take out private hospital cover as early in your life as possible. It rewards you with lower premiums for maintaining your cover.

If you don't have hospital cover by the 30th June following your 31st birthday, your premiums will be 2% dearer for the hospital cover you eventually choose for each year you're over 30. 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 now is the time to take out private hospital cover with Police Health, where you'll enjoy all the benefits of quality cover and the advantage of being locked into cheaper premiums for life.

Your questions on Lifetime Health Cover can be answered by visiting http://www.health.gov.au/internet/wcms/publishing.nsf/Content/lifetime+health+cover-1

Alternatively, go to the link provided to calculate the relevant Lifetime Health Cover loading that may apply to your membership.
http://www.privatehealth.gov.au/dynamic/LifeTimeHealthCover.aspx

 

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