Lifetime Health Cover is a Government initiative designed to encourage people to take out Private Hospital cover earlier in life and maintain it. If you take out private hospital cover after your 31st birthday, you’ll pay an extra 2% for your premiums for each year over 31 you are at the time of taking out hospital cover. For example, if you’re 34 when you take out hospital cover, you’ll pay 8% more for your hospital premiums than someone who took out cover before 31.

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