Lifetime Health Cover Loading (LHC)
Turning 31 soon? Get hospital cover with Frank to avoid exxy fees in the future.
If you're almost 31, having hospital cover can help you acoid paying Lifetime Health Cover loading (LHC), which adds to your future premiums when you do end up getting hospital cover (and has to be paid for 10 years!).
2025 WeMoney Health Insurance Award for the best Basic Hospital Cover.
No terms and conditions here. Just good news - we’re winners.
About Lifetime Health Cover Loading (LHC)
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What is LHC?About hospital coverLHC is a thing the Australian Government put in place to get you to take out hospital cover sooner rather than later.
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Avoid LHC by taking out hospital coverGet a quoteTo avoid paying LHC in the future, just take out (and keep) hospital cover before the July 1st after your 31st birthday. Any level of Frank hospital cover will do (extra's doesn't count here).
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Future premium loadingAbout LHCFor every year you don't have hospital cover, you'll cop a 2% loading on your hospital premiums when you decide to take out cover (that will last for 10 years).
Taking out hospital cover for the first time
You’ll be happy to learn that the LHC Loading doesn't last forever. If you’ve paid the Lifetime Health Cover Loading for 10 continuous years, without a break in cover for longer than 1094 days or more (that’s one day less than 3 years), it will be removed from your premium.
Check out this handy calculator to understand what LHC you may pay on top of your premium.
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On 1 July prior to taking out hospital cover if you were: |
You’ll pay an LHC loading on your hospital premiums of: |
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< 31 years old |
No loading applies |
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31 years old |
2% |
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32 years old |
4% |
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33 years old |
6% |
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34 years old |
8% |
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35 years old |
10% |
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36 years old |
12% |
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37 years old |
14% |
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38 years old |
16% |
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39 - 65 years old |
Continues to increase by 2% for each year. Loading is capped at 70% |
Affordable Frank covers
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Emergency ambulance
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Accident Protection
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Private Emergency Department Attendance Benefit
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Emergency ambulance
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Dental surgery
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Joint reconstructions
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Emergency ambulance
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Bone, joint & muscle
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Digestive system
* The price shown is per week and applies to a Single, aged 30, living in VIC. It excludes LHC loading and includes a Base Tier Government Rebate
| Extras services (when included on cover) |
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| All extras benefits except as specified below. Waiting Period: 2 Months |
| Optical, home and domestic aids and medical aids. Waiting Period: 6 months |
| Major dental services (including full & partial dentures, orthodontics, crown & bridgework, endodontic services such as root canal, gold fillings, indirect restorations, surgical extractions of a tooth/teeth including wisdom teeth). Waiting Period: 12 Months |
| Health appliances including nebuliser pump, blood glucose monitor, pressure garments, sleep apnoea monitor, extremity pump, hearing aids, orthopaedic appliances (GMHBA approved), prostheses (GMHBA approved non-surgical), tens monitor, podiatry surgical procedures and orthotic appliances (foot). Waiting Period: 12 Months |
| Hospital services (when included on cover) |
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| Accidents - bodily injuries resulting from accidents which occur after the date of joining GMHBA or upgrading to a higher cover. Waiting Period: No |
| Obstetrics and maternity. Waiting Period: 12 months |
| Pre-existing ailment, illness or condition (other than psychiatric, rehabilitation and palliative care). Waiting Period: 12 months |
| Any other benefit for hospital (or hospital substitution) treatment. Waiting Period: 2 months |
A pre-existing condition is one where signs or symptoms of your ailment, illness or condition, in the opinion of a medical practitioner appointed by GMHBA (not your own doctor), existed at any time during the six months preceding the day on which you purchased your hospital insurance or upgraded to a higher level of hospital cover and/or benefit entitlement.
A special waiting period applies to obtain benefits for hospital treatment for new members who have pre-existing conditions. The waiting period also applies to existing members who have recently upgraded their level of hospital cover. If the ailment, illness or condition is considered pre-existing:
New members
New members must wait 12 months for any hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (transferring or upgrading)
Members transferring/upgrading to a higher hospital cover must wait 12 months to get the higher hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (with at least 12 months membership)
Existing members with at least 12 months membership in total across their old and new cover are entitled to the lower benefits on their old cover.
Silver Hospital cover provides the same single room coverage as Gold Hospital, but co-payments of $100 per day up to a maximum of $700 per admission apply. Co-payments are not the same as hospital excess. Please note: Some private hospitals only have single rooms and co-payments will apply.
Co-payments do not apply.
Why Choose Frank?
Not for profit. We’re all about putting members first, not profits.
Age based discounts. If you’re 18 to 29 years old, get a quote to see if you’re eligible for discounted hospital cover.
Locally based team. Everyone at Frank is based right here in Victoria.
No confusing jargon. We make health insurance ridiclously easy to understand.
Keeping it real since 2009. We’ve been doing things differently since day one - no frills, just honest straightforward health insurance.
Award winning hospital cover
Highly Commended in the Basic Hospital category at the Finder health Insurance Awards '22, '24 and '25.
Best for Basic Hospital Cover in the 2025 WeMoney Health Insurance Awards.
2025 WeMoney Health Insurance Award for the best Basic Hospital Cover.
No terms and conditions here. Just good news - we’re winners.
