Health Insurance Age Discrimination
Dec 11, 2007
I work for a small company in Minnesota. We have age rated medical plan. As I get older the rate keeps going up. I realize that all costs go up but it seems that the percentage rate of the increase is higher the older rather than the rate for a younger person. How can insurance companies rated older people with higher rates? Is this not age discrimination? Has this been tested in court? Thank you
Response from Ms. Franzoi
It is legal for a health insurance company to set their rates based on age.
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