How long does the Lifetime Health Cover Loading last?

A person who is over 30 when they take out Hospital Cover

Milly is 34 and takes out Hospital Cover for the first time. She will pay an 8% Loading (2% x 4 years) on the cost of her Hospital Cover. After Milly has paid the Loading for 10 years, it will stop.

A person who is over 40 when they take out Hospital Cover

Melissa is 44 when she takes out Hospital Cover for the first time. She will pay a 28% Loading (2% x 14 years) on top of the cost of her Hospital Cover. After Melissa has paid the Loading for 10 years, it will stop.

A person who is over 50 when they take out Hospital Cover

Fred is 55 when he takes out Hospital Cover for the first time. He will pay a 50% Loading (2% x 25 years) on top of the cost of his Hospital Cover. After Fred has paid the Loading for 10 years, it will stop.

A person who is over 60 when they take out Hospital Cover

Bev is 67 and takes out Hospital Cover for the first time. She will pay a 2% Loading on the cost of her Hospital Cover. As the Loading is capped at 70%, Bev will pay 70% not 74% (2% x 37 years). After Bev has paid the Loading for 10 years, it will stop.