DISQUS

Amy_Roberts86 · 1 year ago

In 2000 the Federal Government introduced lifetime health cover, which effectively penalizes those who do not take out private hospital cover until after the age of 30. For every year you are over 30 (up to the age of 65) when you first take out hospital cover, you will be charged a 2 per cent loading on the basic premium. The loading remains for life. So if you are 40, you will be charged 20 per cent more each year than a 40-year-old who took out their policy before they turned 30. But this doesn't mean it's prohibitive to take out private hospital cover at a later date. It is possible that what you save in premiums now may more than compensate for higher premiums later on. Learn more about health insurance and its many benefits. Take a closer look at those health insurance plans that offer you savings on the health care services you use most and on prescription medications. Don’t continue risking the overall health of you and your family by not receiving regular health care because you couldn’t afford it before.
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