Health
questions & answers
Question: Is it legal for insurance companies to raise rates based on age?
Answer:
- Many older Americans not yet on Medicare pay an average of six times the rate a younger person pays simply because of their age.
- Starting January 1, 2014, an insurer can charge an older person no more than three times the rate of a younger person’s premiums.
QUESTIONS
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Is it legal for insurance companies to raise rates based on age?
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