In the September quarter 5,162 people had their Lifetime Health Cover loading removed, after ten years of paying a loading. The Federal Government changed the rules last year to remove the LHC loading after paying the premium loading for 10 years. This can result in a significant reduction to the amount people are paying their health fund.
You may have to apply to your health fund to have the loading removed if you have switched funds a number of times over the last 10 years. If you require any further information or assistance contact HICA on 1300 44 22 01.