Lifetime Health Cover loading - What is it and how does it work?

Lifetime Health Cover loading (LHC) is a government initiative created to encourage Aussies to take out and maintain private hospital cover earlier, and ease the load on the public healthcare system. For each year you wait after 1 July following your 31st birthday, you'll pay an extra 2% on your private hospital cover. Maintain your cover for 10 years and any loading will be removed. Find out more about how the LHC works and what this means for you when deciding to take out health cover.