the Health Care Reform many women are happy they won't have to pay a higher
insurance than men. Though, elderly women may end up paying more for long-term
care insurance according to a loophole left by Obamacare.
Genworth Financial, the largest U.S provider of long-term care insurance has plans to charge some women higher premiums than men for the same health cover according to Kaiser Health News reports. This would apply to women who bought new individual long-term care policies.
"Claims experience shows that two out of three of Genworth's current claim dollars are paid to women," Genworth Financial spokesman Tom Topinka wrote in an email to The Huffington Post on Saturday. "Our decision to charge women applying individually for long term care insurance higher premiums than men beginning this April has nothing whatsoever to do with The Affordable Care Act."
Hannah Punitha (IRDA Licence Number: 2710062)
Bonnie Kavoussi, 3rd March 2013