Health Insurance Comparison

Help Center (8am-7pm Mon-Fri) 1300 163 402

Recently turned 31? Here’s what you need to know about health cover

Lifetime Health Cover loading can be avoided if you buy hospital cover before 1 July following your 31st birthday.

If you turned 31 this financial year, the health insurance clock is ticking. You have until the end of June to purchase hospital cover or you will be subject to the Lifetime Health Cover (LHC) loading fee in the future.

First things first: the only way to avoid the LHC loading is by purchasing hospital cover before 1 July after you turn 31. If you don’t, you’ll be subject to a two percent loading fee on your health premium for every year afterwards. This is the case regardless of your income level and whether you buy a family or singles policy.

Here’s How You Do It:

Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.

Get the ball rolling by comparing policies with, a quick and easy way to find an affordable policy that ticks all your boxes. The online search engine scans its extensive database of policies from Australia’s trusted brand-name insurers, so you can make an informed decision on your health cover by the end of the financial year.

Why get health cover now?

If you’re young and healthy, hospital cover probably seems like an extra expense that you’d rather not pay. After all, if you never purchase private insurance then you’ll never have to worry about the loading fee.

However, keep in mind that circumstances change, and the age when you’re likely to really need health cover is when it can become most expensive. Remember that the loading fee compounds, so in ten years’ time you could be looking at a significantly higher premium:

  • At age 31, you will pay two percent extra
  • At age 35, you will pay 10 percent extra
  • At age 40, you will pay 20 percent extra

The loading fee is capped at 70 percent, a price that your future self will have to pay. It’s also worth thinking about your future plans; if you enter into a relationship with someone new, they may also bear the brunt of your health cover decisions.

Of course, avoiding loading fees isn’t the only reason to buy health cover. It’s easy to get caught up in the finances and forget the extensive benefits of health care, no matter what your age. Buying affordable hospital cover now offers you peace of mind, knowing that you’re covered if you get sick, now and down the track.

Take a few minutes today to compare policies with If you’ve got questions, an insurance expert will be happy to give you call. Save yourself time and money by getting quality healthcare before the end of the financial year, and your future self will thank you for it.

Get Started Now:

Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Select Your Life Stage and Compare Now!

Select Your Age and Compare Now!

viewers icon
27 people are comparing health insurance right now