What is LHC loading?

Lifetime Health Cover involves a financial loading (LHC loading) on your private health insurance hospital cover (hospital cover). It is designed to encourage people to take out hospital cover earlier in life, and to maintain their cover.Click to see full answer. Considering this, how much is LHC loading?Once you turn 31, a 2% loading is added to your hospital cover premium for every year you’re without hospital cover. This is called the Lifetime Health Cover (LHC) loading.Also Know, how long does Lifetime Health Cover loading last? 10 years People also ask, what is health cover loading? Lifetime Health Cover loading applies to anyone who does not take out private health insurance with at least Hospital Cover. Lifetime Health Cover loading applies a 2% increase in premiums per year for every year after your 30th birthday that you don’t take out private health insurance.How is health insurance loading calculated?Any LHC loading you pay will only be calculated against the Hospital part of your premium. The LHC loading for a couple or family is calculated by using the average of the LHC loadings of the adults covered by the policy.

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