Long-Term Care Insurer Will Charge Women Higher Rates
Genworth Financial -- the nation's largest long-term care coverage provider -- has said it will begin charging women higher premiums this spring. Genworth will implement a gender-pricing policy in all but two states that prohibit such pricing practices: Colorado and Montana. The company said the new policy will apply only to women who purchase new individual policies, or about 10% of all purchasers.
- "Long-Term Care Insurance Plans Call for Some Women To Pay More Than Men" (Andrews, Kaiser Health News/Washington Post, 2/25).