Why it makes sense to take out private hospital cover to avoid the Lifetime Health Cover loading

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After 30 June, if you're 31 or over and decide to take out private hospital cover later you will have to pay an extra 2% on top of your premium for every year you're aged over 31.

If you take out cover later in life, for example when you're 40 - you'll pay 20% more on your health insurance compared to if you take it out at 30.

Here are six reasons why it makes sense to take out cover with CUA Health now to avoid the Lifetime Health Cover loading:

  • Pay a lower premium - for example by taking out our 65% Private Hospital Cover. You only pay 35% for any hospital admission, capped at $1000 per person per hospital admission
  • You get TOP hospital cover - with no exclusions or restrictions for medically required treatment
  • We're budget friendly – our 65% Private Hospital Cover option can cost as little as $19.20 per week*
  • You choose your doctor or specialist – we don't do "preferred provider" lists
  • Extras cover is optional – you decide if you want to pay extra for dental, optical and physio
  • Get your first month FREE when you join - now that's better than a gift voucher you'll forget to use.

You can compare options, get a quote and apply online 24/7 at cuahealth.com.au. It only takes 10 minutes to apply - just have your details and Medicare number ready and we'll do the rest.

If you have another 30 seconds (or so), read about Lifetime Health Cover on PrivateHealth.gov.auand use its calculators to find out what your loading could be.

* Based on a single hospital only cover in Queensland and 27.82% Government Rebate

Please note: CUA Health is a wholly owned non-guaranteed subsidiary of Credit Union Australia Limited ABN 44 087 650 959 (CUA), AFSL & Australian credit licence 238317.

Feb 26, 2019 | Found in: insurance,
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