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	<title>New answer on: What Is Lifetime Loading On Private Health Insurance?</title>

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		<title>By: Marlin McKelvy</title>

		<link>https://insurancelibrary.com/health-insurance/what-is-lifetime-loading-on-private-health-insurance</link>

		<dc:creator>Marlin McKelvy</dc:creator>

		<pubDate>Sun, 05 Oct 2014 18:29:16 +0000</pubDate>

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		<description><![CDATA[G&#039;day mate, you nearly had me stumped with this question.  Lifetime loading is a feature of the Australian health insurance system and not a part of health insurance plans sold in the United States.  Down under, if a person over age 30 does not purchase private health insurance they will become subject to a premium penalty (or loading) of 2% for each year they have delayed in purchasing private health insurance.  For example, Mr. Dundee waits until he is 35 to buy private health insurance.  He has waited 4 years past being age 30 and his monthly premium as a 35 year old will be inflated by 8% (2% x 4 years) above what the premium would have been for someone who has had coverage since they age 30.  This legal approach is designed  to incentivize Australians to purchase private health insurance.]]></description>

		

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