When is your Lifetime Health Cover deadline?
Take out hospital cover after the 1 July following your 31st birthday and you pay a loading of 2% for every year you are over 30, up to 70%. Enter your date of birth to see your personal deadline, and what waiting would cost you.
The 1,094 day rule
You can drop hospital cover for up to 1,094 days over your whole life, about three years, without losing your loading status. Go past that and extra loading applies.
The 10 year rule
Once you hold hospital cover for 10 continuous years, your loading drops back to zero. The loading is not forever, even if you started late.
What happens if you wait past 31?
Your base day is the 1 July following your 31st birthday. Hold cover by then and you carry no loading. Start later and the loading is set by your age at the 1 July before you join. Join at 40 and you pay 20% more. Source: privatehealth.gov.au.
Full method and sources on the methodology page.