Advocacy Group Challenges Long Term Care Insurance Gender Based Pricing

By |January 19, 2014|Categories: Breaking News, Companies, Government, Insurance Industry, Retirement Planning|Tags: , , , |

A women’s advocacy group filed sex discrimination complaints against four of the nation’s largest long term care insurance carriers this week.

Long Term Care Insurance Pricing Model

The National Women’s Law Center filed the complaints with the long term care insuranceOffice for Civil Rights at the Department of Health and Human Services on Thursday, according to a press release. The complaints claim the new gender based pricing implemented by these companies amounts to gender discrimination.

Genworth, John Hancock, Transamerica, and Mutual of Omaha each introduced gender based pricing last year. The pricing practice[…]