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 a 6% Loading (2% x 3 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 26% Loading (2% x 13 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 48% Loading (2% x 24 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 72% (2% x 36 years). After Bev has paid the Loading for 10 years, it will stop.