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/main/publishing.nsf/Content/health-privatehealth-lhc-providers-reviewlhc.htm
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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