Which statement describes Lifetime Health Cover loading?

• A. Lifetime Health Cover Loading Increases Premiums By 2% For Each Year After Age 30 For 10 Years
• B. It Is A Government Grant For PHI Enrollment
• C. A One-Time Charge At Enrollment
• D. Applies Only To Students

Answer: (A)

Lifetime Health Cover loading is an added premium that applies to private hospital cover if you delay taking it out past age 30. The important idea is that the cost increases by 2% for each year after turning 30 that you don’t have private hospital cover, and this extra amount accumulates with time. It isn’t a government grant, nor a one‑off charge at enrollment, and it doesn’t apply only to students. So the description that matches this concept most closely is the idea of a 2% increase for each year after 30 the cover is delayed.