Private Health Insurance Act 2007
A private health insurer must increase the amount of premiums payable for [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
hospital cover in respect of an [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
adult if the adult did not have hospital cover on his or her [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
lifetime health cover base day.34-1(2)
The amount of the increase is worked out as follows:
(Lifetime health coverage
−
30)
×
2%
×
[*]
To find definitions of asterisked terms, see the Dictionary in Schedule
1
.
where:
base rate
To find definitions of asterisked terms, see the Dictionary in Schedule
1
.
, for
[*]
(a) the premiums were not increased under this Part; and
(b) there was no discount of the kind allowed under subsection 66-5(2) .
lifetime health cover age
To find definitions of asterisked terms, see the Dictionary in Schedule
1
. To find definitions of asterisked terms, see the Dictionary in Schedule
1
. To find definitions of asterisked terms, see the Dictionary in Schedule
1
.
, in relation to an
[*]
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