About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Genworth Financial to Charge Women More for Insurance

by Vanessa Jones on March 4, 2013 at 1:26 PM
Font : A-A+

 Genworth Financial to Charge Women More for Insurance

With 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.

Advertisement

"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."

Starting from 2014, Obamacare will ban gender discrimination in the pricing for small-group and individual health insurance policies. According to the Center for American Progress, presently - women pay $1 billion more in premiums than men. This may be due to the fact that women require more health care facilities than men. Though from 2014, Obamacare will ban insurance companies from denying insurance coverage to women.

References :

Hannah Punitha (IRDA Licence Number: 2710062)

Bonnie Kavoussi, 3rd March 2013

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Menstrual Disorders
Coffee May Help You Fight Endometrial Cancer
Fermented Skin Care
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Star Health and Allied Insurance ICICI Lombard General Insurance Company Limited Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Awareness about Healthcare Insurance in India Premium Calculation by Health Insurance Companies Fraudulent Health Insurance Claims Key Procedures for Filing a Healthcare Insurance Claim Latest on The New India Assurance Company Ltd 

Recommended Reading
Health Insurance for Senior Citizens in India
An insight into the health insurance schemes and policies as promoted by the Government....
Obamacare's Health Exchanges may be Free of Customers
The Obamacare Health Exchange can only operate as visualized if the insurers are willing to ......
Fresh Look at Obamacare Challenge Ordered By US Court
A lower court was instructed to review a Christian university's challenge to President Barack ......
Even Divide on ObamaCare US Supreme Court Ruling By Americans
A poll has revealed that Americans are starkly divided over the Supreme Court's health care ......
Awareness about Healthcare Insurance in India
A basic awareness about Indian health insurance for any layman for quick reference presented in a cr...
Fraudulent Health Insurance Claims
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its i...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
Key Procedures for Filing a Healthcare Insurance Claim
keep yourself well informed about the claim process and avoid frustration of your claim getting ......
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Premium Calculation by Health Insurance Companies
This article gives an insight as to how healthcare insurance policy premiums are collected by Insura...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
ASK A DOCTOR ONLINE
I have read and I do accept terms of use - Telemedicine

Advantage Medindia: FREE subscription for 'Personalised Health & Wellness website with consultation' (Value Rs.300/-)